Opinion of: David Carvalho, founder, CEO and chief scientist of the Naoris Protocols
Satoshi Nakamoto changed how we define money. In response to the collapse of the 2008 financial institutions, in which millions represent their trust, Satoshi created a decentralized monetary system based on the cryptography of the elliptical curve.
This combination of cold mathematics and decentralization was powerful and not only attracted die -hard skeptics, but also the world's largest financial institutions such as Blackrock.
Bitcoin was never hacked in the 16 years of its existence. However, all of this will soon change with the advent of Quantum Computing. This is the largest individual threat to Bitcoin since it was founded from the ashes of the global financial crisis.
Once in the area of science fiction, quantum computers are so advanced that they could tap the cryptography of Bitcoin in a plausible way within five years or less. Some, like Quantum expert Michele Mosca, predict that this could even be possible as quickly as next year.
Government authorities such as the US National Institute for Standards and Technology and the National Security Agency want to go completely to quantity security standards by 2030. But the Bitcoin community seems to be limited to theoretical solutions such as GMP-360 (pay-to-quantum resistant-hash) or commit delay-reVeal scheme.
The time for the theoretization is over. If specific steps to adapt the Bitcoin blockchain are not taken now, Bitcoin's 
Btcusd The entire market capitalization of $ 2.2 trillion could rise in Rauch. All it needs would be an endangered wallet or a botched transaction to erode carefully built trust for 16 years.
The rise of the supercomputers
This year's real breakthrough was the majora chip from Microsoft, which accelerated the schedule for creating a really useful quantum supercomputer from decades to years. In simple words, this made the path to scalable and stable quantum systems paved – two of the most important problems that stand in the way of this technological miracle.
A few months quickly forward and we are currently with around 100 quantum computers who are already working in the world. McKinsey estimates that there will be 5,000 by 2030. These computers are not only faster than the machines that we are all used to – they are a completely new breed of computers that carry out calculations in parallel instead of one after the other.
Youngest: Is Bitcoin's future of Quantum Tech endangered?
This is fatal for classic cryptography, such as the ECDSA algorithm, which protects the private keys from Bitcoin. At least 30% of Bitcoin or around 6.2 million coins are currently in pay-to-public key (P2PK) or P2PK-Hash addresses that are particularly susceptible to this quantum threat.
A violation would be catastrophic for owners whose funds would have disappeared forever, and the ecosystem as a whole. It would prove that the unbreakable system can be broken. For this reason, Blackrock recently recognized the threat of quantum of Bitcoin in his updated spot ETF submission. Therefore, the time to act is before it is too late.
Preparation for the Q-Day
“Q-Day” is the term that is administered to the day on which quantum computers are finally ready to break traditional cryptography. When this day comes, Bitcoin transactions could still be susceptible today or even 10 years ago, since the blockchain is completely transparent and the data is permanently accessible.
In addition, bad actors already collect encrypted data to prepare for the Q-Day, in one step called “Harvest now, decrypt later”. It would not be inappropriate to assume that several attacks all over the world could occur when the Q-Day comes. In this case, Bitcoin is better ready.
A subsequent place of the future
The problem with updating an entire blockchain from Legacy on Post quantum cryptography is that it would require a hard fork that has almost become a taboo topic in crypto communities. This huge step could break the UX, fragment liquidity, the risk of distributing the network and the potentially only die -hard OGS from Dehard.
There are alternatives: hybrid solutions that focus on securing transactions primarily without touching the base layer, layered safety models and quantity safety key management and infrastructure that can prepare Bitcoin for the incoming rush.
It is not a quick solution. Especially when you consider how conservative and slowly moving Bitcoin was historical. Unfortunately there is no time to waste time. Decisions have to be made and solutions have to be selected because Bitcoin does not survive as in a future after the quantum.
Satoshi gave the world a new monetary system, but never said that it could not develop. Now it is up to the community to make the decision, develop it and prepare for Q-Day instead of waiting until it is too late. It is not a quanta that is the most important risk of Bitcoin – it is complacency.
Opinion of: David Carvalho, founder, CEO and chief scientist from Naoris Protocol.
This article serves general information purposes and should not be regarded as legal or investment advice. The views, thoughts and opinions that are expressed here are solely that of the author and do not necessarily reflect the views and opinions of cointelegraph or do not necessarily represent them.