Yakovenko, Solana Co-founder warns against Quantum computing that in the next five years, quantum computing can alter the cryptographic security.
Source
Speaking at the All-In Summit 2025, Yakovenko said Bitcoin should migrate to quantum-resistant signature schemes as AI acceleration makes the timeline from research to implementation “astounding.”
He urges Bitcoin to upgrade it's security as there's a 50% chance that quantum computing may be launched in the next five years.
Quantum computing when launched will be so powerful in such a way that it can crack the central banking system in just minutes.
Quantum computing uses Shors algorithm to crack difficult mathematics with a higher speed. Today quantum computing currently uses 100 to 400 qubits (quantum bits), and it's currently poor and prone to error. If th qubits are increased to 4,000–6,000 logical qubits it will have enough power to factor a 2048 bit number in hours or days, breaking the central bank security which uses cryptography making it simple for hackers to hack a wallet and access its private keys.
Source
Cybersecurity experts estimate approximately 30% of Bitcoin’s circulating supply, it's roughly 6-7 million BTC worth hundreds of billions of dollars, remains vulnerable to potential quantum attacks.
These coins sit in older Pay-to-Public-Key addresses or reused Pay-to-Pubkey-Hash formats that expose public keys directly on the blockchain.
ECDSA (Elliptic Curve Digital Signature Algorithm) is used to secure private keys and transactions, which ensures that only the owner of the wallet can spend their Bitcoin.
This security is more powerful against the 100 to 400 qubits quantum computing.
The Future of Quantum Computing and Cryptocurrency according to Coinbase,
The potential implications of quantum computing for cryptocurrencies are real, it's also important to note that the industry continues to evolve.
Developers and entrepreneurs are exploring new cryptographic algorithms and innovations to counter the potential threat posed by quantum computing.
Moreover, the development of quantum-resistant cryptocurrencies is also a possibility.
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