The network will be updated and currencies will migrate, Saylor predicts.
The businessman fails to say what will happen to the currencies that cannot migrate.
Quantum computing, often perceived as an existential threat to bitcoin (BTC), is seen by Michael Saylor as a catalyst for the protocol’s robustness.
The founder of Strategy held that this technology will not break Bitcoin, but rather make it more resilient. AND It will be through a process of technical evolution and asset migrationin his opinion.
According to Saylor, with the advancement of quantum computing, “the Bitcoin network is updated, active coins migrate and lost coins remain frozen.”
This process, from their perspective, would result in an increase in general security and a decrease in circulating supply, which would allow “bitcoin to get stronger.”
However, the businessman omitted to detail the destination of the digital currency units that cannot migrate in time or that are lost, a critical point for this argument.
This perspective coincides with the debate on the BIP360 proposal or “Payment to Quantum Resistant Hash” (P2QRH). It seeks to implement post-quantum cryptography.
Regarding this risk, CriptoNoticias reported that Charles Edwards, director of Capriole Investments, warned that bitcoin has entered a “quantum event horizon.”
Edwards points out that the ecosystem must reach a consensus on BIP360 by 2026, thus preventing future computers from violating current encryption.