About 3.7 million bitcoin $83,315.11It is estimated that it is inaccessible. This amount corresponds to 20 percent of the total supply. Can this situation change with the developments in the field of technology? Discussions are ongoing on the possibility that quantum computers will bring back the lost Bitcoins. However, experts have different views on the potential effects of this technology.
The effect of quantum technology on Bitcoin
Some scientists and technology experts suggest that quantum computers can solve the passwords of Bitcoin wallets. These systems, which have a much stronger trading capacity compared to traditional computers, may have the ability to exceed the existing security protocols. If this happens, it may be possible to regain the inaccessible Bitcoins.
However, it is stated that the current quantum technology does not reach this level. Today’s quantum computers are not yet strong enough to break the Sha-256 encryption algorithm used by Bitcoin. According to experts, a development process that will last for decades may be required to reach this level. In addition, Bitcoin protocol can be updated against quantum threats.
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Some investors and researchers are looking forward to the idea that inaccessible Bitcoins can be recovered with the progress of quantum technology. But this can also endanger the basic security principles of the system.
Bitcoin security and basic principles
Bitcoin is a prominent system with its irreparable record structure and decentralization. According to Jameson Lopp, one of the founding partners of Casa, the possibility of quantum technology to save Bitcoins may risk the security of the system. If the encryption systems are exceeded, past transactions may become replaceable, which contradicts the basic principles of Bitcoin.
Lopp says that the quantum recovery process can create a big difference between people with access to technology and non -non -people. Such a scenario, which can be advantageous for those with advanced equipment, may shake the fair structure of Bitcoin.
In addition, the back of the disappeared Bitcoins may weaken the overall security of the system, although it seems to be a positive development for some users. The main reason why Bitcoin has been decentralized and censored resistant to date is that the operations cannot be changed. Complete this principle may shake the trust in the markets.
Experts argue that with the progress of quantum technology, Bitcoin’s current security mechanisms should be updated. How to manage this process without disturbing the integrity of the system continues to be the subject of discussion.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
