Quantum computing could compromise Bitcoin mining security and proof-of-work.

The risks associated with private keys are growing as quantum algorithms like Shor's algorithm develop.

Bitcoin's move to P2PKH addresses reflects proactive security measures.

Advances in quantum computing could soon pose a real risk to Bitcoin's security and mining process. A report from CryptoQuant examines how advanced quantum algorithms could compromise Bitcoin's proof-of-work system. The report raises concerns about the future resilience of the network.

$BTC $ETH $STEEM #BinanceAlphaAlert #OnChainLendingSurge #MicroStrategyAcquiresBTC

Bitcoin mining uses computationally intensive tasks to solve cryptographic puzzles. These puzzles rely on the SHA-256 hash function. Quantum computers could speed this up considerably using algorithms like Grover's algorithm, meaning miners could find valid hashes much faster than with traditional systems.#CryptoMarketDip #BinanceMegadropSolv