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Crypto & Bitcoin

Bitcoin’s quantum-safe protection gets 82% cheaper as researchers race to secure 6 million exposed BTC

Reported by Oluwapelumi Adejumo, CryptoSlate

Image: CryptoSlate

Researchers have cut the estimated computing cost of a specialized quantum-safe Bitcoin transaction by 82% to $59. Data from the Quantum-Safe Bitcoin Optimization Challenge showed that improvements in graphics processing software reduced the projected expense from approximately $320 during StarkWare's first mainnet demonstration in August to $67 in September and $59 as of Oct. 13. The breakthrough could make a specialized Bitcoin protection method more affordable as developers seek ways to safeguard cryptocurrency holdings against future quantum computers without waiting for changes to the network's underlying protocol.

This is an excerpt. The reporting belongs to CryptoSlate.

Read the full report on cryptoslate.com
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