If the Bitcoin you have painstakingly accumulated suddenly becomes precarious due to a technological revolution, and may even face a complete shutdown for up to 76 days! This is not a science fiction movie, but a real challenge that Bitcoin is facing!
Pierre-Luc Dallaire-Demers, a physicist from the University of Calgary in Canada, has warned that the market is only about 5 years away from quantum computers being able to crack Bitcoin wallets. This is not an alarmist statement; a study from the University of Kent directly pointed out that if Bitcoin wants to effectively guard against the threats posed by quantum computing, it must update its protocols, the cost of which would be a complete shutdown for 76 days!
Hearing this news, did your heart skip a beat? Bitcoin, the digital currency that once made countless people rich overnight, is it really facing its end?
In fact, this crisis stems from the ultra-fast computing power of quantum computers. These computers, which utilize quantum mechanical phenomena, have long posed a theoretical threat to cryptographic technology. And Bitcoin, as the leader of the crypto industry, cannot escape this fate.
Imagine if quantum computers really cracked Bitcoin's encryption technology; the consequences would be unimaginable. Hackers could easily steal Bitcoin from your wallet, while you can only watch your wealth vanish.
But don't worry, there is still a turn of events. Pierre-Luc stated that although the threat of quantum computers is approaching, Bitcoin is not without solutions. However, the cost of this solution is quite high— a complete shutdown for 76 days to update the protocol.
Hearing this, are you starting to feel anxious? 76 days, this is no joking matter. For Bitcoin, a market that trades 24/7, a shutdown of 76 days would be a disaster.
But worse, this is not even the most conservative estimate. The study from Kent University also pointed out that if Bitcoin only uses 25% of its servers for protocol updates, the downtime would last about 305 days, which is a full 10 months!
This is simply an astronomical number! Imagine if your Bitcoin cannot be traded for these 10 months, how anxious would you be? Not to mention those who rely on Bitcoin for a living; they could find themselves in dire straits.
However, that said, this crisis is not without its opportunities. After all, Bitcoin, as a decentralized digital currency, has shown very strong vitality. As long as the community can unite and respond to this crisis together, I believe Bitcoin will be able to overcome difficulties.
But that said, this crisis also serves as a wake-up call. In the world of digital currency, nothing is set in stone. Only by continuously learning and progressing can one remain unscathed in this volatile market.
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The above content is for information sharing only and does not constitute any investment advice! Investment carries risks; please be cautious when entering the market!
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