- Ardoino highlighted the potential impact of quantum computing on Bitcoin, suggesting it could even unlock the cryptocurrency holdings of its creator, Satoshi Nakamoto
- He proposed the eventual integration of quantum-resistant addresses into the Bitcoin network
- According to Ardoino, the current state of quantum computing technology doesn’t pose an immediate threat to Bitcoin’s cryptographic security
Paolo Ardoino, CEO of Tether, recently addressed the potential implications of quantum computing on Bitcoin’s security, especially for inactive wallets such as those belonging to Bitcoin’s creator, Satoshi Nakamoto.
Ardoino made it clear that quantum computing is still in its early stages and doesn’t currently pose a significant threat to Bitcoin’s cryptographic security.
However, he noted that as quantum technology advances, it could compromise inactive Bitcoin wallets, including those associated with Satoshi Nakamoto if the owner is no longer alive.
Ardoino said that “any Bitcoin in lost wallets, including Satoshi (if not alive), will be hacked and put back in circulation.”
To deal with future risks, he believes that quantum-resistant addresses will…
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