CoinShares has released a report asserting that only 10,200 BTC are truly at risk from quantum computing vulnerabilities, challenging higher-risk estimates from a previous study by Chaincode Labs. These findings address the ongoing industry debate about managing quantum threats, with CoinShares advocating for a cautious approach to upgrading Bitcoin protocols rather than immediate coin burning, aligning with the view that the threat is more of an engineering challenge than an urgent crisis. The report, which positions today’s quantum computers as vastly underpowered for any imminent threat, comes amid bitcoin’s turbulent market conditions and highlights the ongoing debate in crypto networks about post-quantum security strategies.
CoinShares challenges quantum risk estimates, identifies only 10,200 Bitcoin at major threat
