In a recent CNBC interview, Michael Saylor, Executive Chairman of Strategy, addressed concerns about quantum computing’s potential impact on Bitcoin’s cryptographic security.

He acknowledged that if a powerful quantum or supercomputer capable of breaking current cryptographic standards were developed, the Bitcoin protocol could undergo a software update to adopt quantum-resistant cryptographic algorithms.

Saylor emphasized that such an update would be implemented through Bitcoin’s established consensus mechanisms, ensuring the network’s resilience and adaptability to emerging technological threats.

Saylor’s remarks highlight the proactive measures within the Bitcoin community to anticipate and mitigate risks associated with advancements in computing technology. The open-source nature of Bitcoin allows for collaborative development and the integration of new security features as needed, reinforcing the network’s robustness against potential future challenges.

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