Migrating Bitcoin to post-quantum may ‘easily’ take 5-10 years: Crypto exec
Bitcoin is a decentralized software protocol that has a collective action problem, unlike centralized companies, according to Jameson Lopp.
Migrating Bitcoin (BTC) to post-quantum standards will take at least 5-10 years, according to Bitcoin core developer and co-founder of crypto custody company Casa, Jameson Lopp, who weighed in on the ongoing quantum computer debate.
Lopp agreed with Adam Back, the CEO of crypto infrastructure company Blockstream, that there is no near-term threat to Bitcoin from quantum computers. Lopp said in an X post.
We should hope for the best, but prepare for the worst,” he added. In a separate post, he said the Bitcoin protocol is more challenging to upgrade to post-quantum standards than centralized software because of its distributed consensus model.
