Solana Founder Warns Of Bitcoin’s Collapse

Solana Co-Founder Warns of Bitcoin’s “End Days”

Anatoly Yakovenko – co-founder of Solana – has issued a stark warning to the crypto community: Bitcoin could face its downfall within the next five years if quantum computing advances as expected.

Yakovenko explained that quantum technology is progressing faster than anticipated. Once a sufficiently powerful quantum computer emerges, it could break the Elliptic Curve Digital Signature Algorithm (ECDSA) that secures Bitcoin transactions. This would allow hackers to derive private keys from public keys, forge transactions, and steal millions of BTC in a matter of minutes.

Quantum Computing: A Threat or an Opportunity?

Yakovenko compared this looming risk to the recent explosion of artificial intelligence (AI). He believes quantum computing represents both Bitcoin’s biggest threat and a massive opportunity for blockchain innovation.

If Bitcoin transitions to post-quantum signatures in time, it could remain resilient in the new era of technology. Moreover, the shift could unlock opportunities similar to AI’s rise, reshaping the market and generating massive wealth for those who adapt early.

Mixed Reactions from the Bitcoin Community

Not everyone agrees with Yakovenko’s urgent outlook. Some Bitcoin experts argue that quantum computers powerful enough to break ECDSA are still decades away. Developers like Adam Back and Peter Todd believe that upgrading Bitcoin’s cryptography, when the time comes, would be relatively straightforward.

Still, most security researchers agree that early preparation is critical. Several Bitcoin Improvement Proposals (BIPs) are already under discussion, with the goal of introducing quantum-safe cryptography before 2030.

The Road Ahead for Bitcoin

Major tech companies like Google and Apple have already started deploying post-quantum encryption in their systems. This highlights the inevitability of migration for Bitcoin as well.

The real challenge lies in the pace of adoption and achieving consensus within Bitcoin’s decentralized community. A delayed response could turn Bitcoin into an easy target for hackers in the quantum era. But if action is taken in time, Bitcoin could continue its role as digital gold, securing its future in a post-quantum world.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.