On July 1st, Convert n' Burn System, which burns 10% of collected bridge fees, went live. This transformative mechanism has already burned more than 100,000 WAN!
This begs the question: can $WAN become deflationary?👇
#BTC Bitcoin and Quantum Computers: What You Need to Know
Right now, Bitcoin doesn't have super protection against something called quantum computers. Bitcoin uses regular computer security stuff like the Elliptic Curve Digital Signature Algorithm (ECDSA) and SHA-256.
Quantum computers, if they get really powerful, might be able to crack the security that Bitcoin relies on. There's this quantum thing called Shor's algorithm that could mess with the safety of the digital signatures in Bitcoin.
But hold on! We're not there yet with super-strong quantum computers. It's like predicting when we'll have flying cars – uncertain. People are working on new ways to keep things safe, though. They're looking into post-quantum cryptography, which means using tricks that even quantum computers can't easily crack.
In the crypto world, there are talks about making Bitcoin quantum-resistant. Some want to switch to new, super-secure methods to keep everything safe in the long run. It's like upgrading your phone when a cooler model comes out – but for keeping your money safe on the internet. Keep an eye out for updates because they're actively figuring out how to keep Bitcoin secure in the quantum age.