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Bitcoin FAQ (2019) 53 - Is Bitcoin vulnerable to quantum computing?








The Bitcoin official website(bitcoin.org) has a Bitcoin FAQ(Frequently Asked Questions), written around 2013, and some of the contents of this FAQ may have been obsolete. In order to help Bitcoin enthusiasts to understand Bitcoin (system) more comprehensively, our site will maintain a new and up-to-date FAQ on Bitcoin (system). In the content below, the content expressed by the “Knight” on the left side comes from the FAQ of the Bitcoin official website; the content expressed by the “Letters” on the right side comes from the opinions of some friends of our CEO, and is edited and reorganized by our editors. Tips: this article only states opinions of all kinds of people, and its content is NOT guaranteed to be correct, thus should never be considered as an investment advice or suggestion.

Yes, most systems relying on cryptography in general are, including traditional banking systems. However, quantum computers don't yet exist and probably won't for a while. In the event that quantum computing could be an imminent threat to Bitcoin, the protocol could be upgraded to use post-quantum algorithms. Given the importance that this update would have, it can be safely expected that it would be highly reviewed by developers and adopted by all Bitcoin users. [Source]
For more, see: Is Bitcoin valuable? and Bitcoin value disputes series on this site.
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