The Bitcoin and Quantum Computer Debate is back on the agenda.

Bitcoin Developers and Quantum Threat

The majority of developers forming the Bitcoin network argue that quantum computers do not pose an urgent threat to the network. It is stated that it will likely not be possible for these machines to break Bitcoin's cryptography for decades to come.

Concerns of Unpreparedness

However, critics express their concerns about the lack of adequate preparedness as governments and companies begin transitioning to quantum systems.

Bitcoin Improvement Proposal

Bitcoin Improvement Proposal (BIP)-360 aims to introduce address formats that are resistant to quantum attacks. This will allow users to gradually transition to more secure cryptographic standards.