Home BlockchainAre Quantum-Proof Bitcoin Wallets Insurance or a Fear Tax?

Are Quantum-Proof Bitcoin Wallets Insurance or a Fear Tax?

by CoinTelegraph
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Cryptocurrency wallet makers and security companies are pushing out post-quantum products even though large-scale quantum computers capable of breaking Bitcoin do not exist yet.

The US National Institute of Standards and Technology (NIST) finalized its first post-quantum cryptography standards in 2024 and called for migrations before 2030.

As standards bodies plan for a gradual cryptographic transition, parts of the wallet market are already monetizing that future.

“I do feel that it is a bit of a fear…

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