Close Menu

    Bitcoin’s Quantum Risks Are ‘More Social Than Technical,’ Says Grayscale

    2 Mins Read News By

    The threat posed by quantum computers to Bitcoin may be more about social coordination than technical vulnerability, according to Zach Pandl. While Google’s March 30 report suggested that a quantum computer could potentially break Bitcoin’s cryptography with fewer resources than previously expected, Pandl emphasized that Bitcoin’s technical design reduces its risk. The UTXO model, proof-of-work consensus, absence of native smart contracts, and certain address types make it less exposed than other cryptocurrencies.

    Managing Dormant and Vulnerable Coins

    Approximately 1.7 million BTC, including an estimated 1 million held by Satoshi, are locked in early P2PK addresses. The Bitcoin community faces three options: burn these coins, slow their release, or take no action. Pandl noted that “all are conceptually doable,” but reaching consensus is difficult given Bitcoin’s history of contentious protocol debates, including the 2023 dispute over blockspace usage for Bitcoin Ordinals.

    About 1.7 million BTC is vulnerable to the quantum threat

    Preparing for a Post-Quantum Future

    Pandl stressed it is “time to get started” on adopting post-quantum cryptography, citing initiatives by Solana, the XRP Ledger, and the Ethereum Foundation. For now, he reassured investors that no immediate security threat exists, but preparation is crucial for the long-term security of Bitcoin and other blockchains.

    Disclaimer

    This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

    Buy Crypto
    You will be redirected to BloFin

    Related Posts

    logo_blockto.io

    Blockto.io

    info@blockto.io

    Address: Overvliet 21, 3545NG, Utrecht

    Blockto.io Copyright © 2026, All rights reserved

    News
    Rates
    Buy
    Events
    We use cookies to personalize content and ads, provide social media features, and analyze our traffic. In accordance with GDPR/AVG and EU cookie regulations, data is processed only with your consent. We may share information about your use of our website with our social media, advertising, and analytics partners, and you can manage or withdraw your consent at any time. View more
    Cookies settings
    Accept
    Privacy & Cookie policy
    Privacy & Cookies policy
    Cookies list
    Cookie name Active

    Privacy Policy

    At BitxJournal.com, we respect your privacy and are committed to protecting your personal data. This Privacy Policy explains how we collect, process, store, and protect personal information in accordance with the General Data Protection Regulation (GDPR) and AVG (EU privacy legislation).

    1. Data Controller

    BitxJournal.com acts as the data controller for all personal data processed through this website.

    2. Personal Data We Collect

    We may collect and process the following categories of data:

    Personal Data

    • Name and email address (when you subscribe to newsletters or contact us)

    Technical & Usage Data

    • IP address, browser type, operating system

    • Device information

    • Pages visited, referral sources, and interaction data

    This data is collected via cookies, log files, and analytics technologies.

    3. Legal Basis for Processing

    We process personal data only when a lawful basis exists, including:

    • Consent – when you explicitly agree (e.g., cookies, newsletter sign-up)

    • Legitimate interest – to operate, secure, and improve our website

    • Legal obligation – when required by applicable laws

    You may withdraw your consent at any time.

    4. Purpose of Data Processing

    Your data is processed for the following purposes:

    • Operating and maintaining the website

    • Improving content, usability, and performance

    • Sending newsletters or updates (only with consent)

    • Analyzing traffic and user behavior

    • Responding to inquiries or support requests

    5. Cookies & Consent Management

    We use cookies and similar technologies in compliance with EU Cookie Law.

    • Non-essential cookies are placed only after explicit user consent

    • Users may accept, reject, or manage cookie preferences at any time

    • Consent can be withdrawn without affecting prior lawful processing

    Detailed cookie information is available in our Cookie Settings panel.

    6. Third-Party Data Processing

    We may share limited data with trusted third-party service providers, including:

    • Analytics providers (e.g., Google Analytics)

    • Advertising partners (for personalized or non-personalized ads)

    These third parties act as data processors and process data only under contractual obligations compliant with GDPR/AVG.

    7. International Data Transfers

    Where data is transferred outside the European Economic Area (EEA), we ensure appropriate safeguards are in place, such as Standard Contractual Clauses (SCCs) or equivalent legal mechanisms.

    8. Data Retention

    We retain personal data only for as long as necessary to fulfill the purposes outlined in this policy or as required by law.

    9. Data Security

    We implement appropriate technical and organizational security measures to protect personal data against unauthorized access, alteration, disclosure, or destruction.

    10. Your GDPR Rights

    Under GDPR/AVG, you have the right to:

    • Access your personal data

    • Rectify inaccurate or incomplete data

    • Request data erasure (“right to be forgotten”)

    • Restrict or object to processing

    • Data portability

    • Withdraw consent at any time

    • Lodge a complaint with a supervisory authority

    11. Changes to This Privacy Policy

    We reserve the right to update this Privacy Policy at any time. Any changes will be posted on this page with a revised effective date.

    12. Contact Information

    For privacy-related inquiries or GDPR requests, contact:

    📧 Email: support@blockto.io
    🌐 Website: https://blockto.io

    Save settings
    Cookies settings