{
}
Emin Gün Sirer, founder of Avalanche, has proposed freezing 1 million Bitcoins, believed to be linked to Satoshi Nakamoto, due to potential vulnerabilities posed by quantum computing. These early coins, using the outdated Pay-to-Public-Key format, could be at risk if quantum technology advances. While some support the idea as a precautionary measure, critics argue it undermines Bitcoin's core principles of decentralization and ownership.
Google's new quantum chip, Willow, has sparked concerns about Bitcoin's cryptographic security, as it significantly reduces error rates and handles complex tasks. While experts like Ben Sigman assert that current quantum capabilities are insufficient to threaten Bitcoin, others, including Charles Edwards, warn that advancements in quantum computing could pose a real risk if Bitcoin's cryptography isn't upgraded soon. The debate highlights the urgent need for proactive measures in the face of rapidly evolving technology.
A sharp crypto market correction resulted in $1.7 billion in liquidations within 24 hours, with Bitcoin dropping to $94,100 and Ethereum falling 8% below $3,800. Speculation surrounds the impact of Google's new quantum chip, 'Willow,' on crypto security, although experts assert that current threats remain minimal. Meanwhile, Bhutan transferred 406 Bitcoin to QCP Capital, raising concerns about its market influence.
Ben Sigman
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
debate arises over freezing early bitcoin to protect against quantum threats
16:48 10.12.2024
quantum computing advancements raise concerns over bitcoin's cryptographic security
15:00 10.12.2024
crypto market crash triggers 1.7 billion in liquidations as bitcoin dips
03:26 10.12.2024
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Global Trade Developments
Government Economic Policies
Stock Market Updates
Retail and Consumer Goods
Supply Chain Management
Industry Mergers & Acquisitions
Global Financial Events
Private Equity Deals
Venture Capital Investments
Workplace Trends
Funding Rounds & Investments
Central Bank Actions
Energy Sector Developments
Market Analysis and Predictions
Cryptocurrency & Blockchain Regulations
Finance Mergers & Acquisitions
Economic Indicators
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Samsung Securities Co.,Ltd.
Microsoft Corporation
Taiwan Semiconductor Manufacturing Company Limited
Toyota Motor Corp
Verizon Communications Inc.
OpenAI ERC USD
The Goldman Sachs Group, Inc.
Dell Technologies Inc.
Mastercard Inc
European Union Bonds
BRAINBEES SOLUTIONS LTD
Eternal Limited
CarTrade Tech Limited
PB Fintech Limited
OLA ELECTRIC MOBILITY LTD
KuCoin Token USD
CANVAS N Co.,Ltd.
Currencies:
United States Dollar
Chinese Yuan
Euro
Indian Rupee
Japanese Yen
British Pound Sterling
Australian Dollar
New Zealand Dollar
South Korean Won
Vietnamese Đồng
Singapore Dollar
Egyptian Pound
New Taiwan Dollar
Indonesian Rupiah
South African Rand
United Arab Emirates Dirham
Malaysian Ringgit
Lebanese Pound
Offshore Chinese Yuan
Nigerian Naira
People:
Donald Trump
Howard Lutnick
Shigeru Ishiba
Scott Bessent
Jamieson Greer
Abdulaziz bin Salman Al Saud
Mohammad Al Tamimi
Mohammad Altamimi
Jensen Huang
Sam Altman
Xi Jinping
Chris Wright
Christopher Flinos
Mohammed bin Salman Al Saud
John Abraham
Tim Cook
Piyush Anchliya
Swaminathan Aiyar
Todd Blanche
Justin Sun