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Salvadoran authorities transferred 6,274 bitcoins to new wallets
The Salvadoran National Bitcoin Office believes that in the future, quantum computers could crack public and private key cryptography using the so-called Shor's algorithm.
“Once funds are debited from an address, its public keys are exposed and become vulnerable. Dividing funds into smaller amounts minimizes the impact of a potential quantum attack,” explained representatives of the agency.
This approach combines diversification of the storage of the first cryptocurrency and a reduction in the potential impact of the threat of hacking on the country's Bitcoin reserves, the Bitcoin Office assured.
More than 6 million BTC could be at risk if quantum computers become powerful enough to crack elliptic curve cryptography (ECC) keys, Project Eleven experts recently reported.
Earlier, the Project Eleven team launched the Q-Day Prize competition to test how real the theoretical risks of quantum attacks on Bitcoin cryptography are, as well as how close modern quantum technologies have come to hacking the security of the first cryptocurrency's ecosystem. The competition will run until April 5, 2026.
See also: "Japan Post Bank to launch its own digital currency, DCJPY"
