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Bitcoin

Glassnode reports 7.12 million BTC exposed to quantum risk through visible public keys

Image: CoinTurk News

Bitcoin ‘s vulnerability to future quantum computing attacks is back in the spotlight following new figures from Glassnode, an on-chain analytics provider. According to Glassnode, 7.12 million BTC—equal to 35.4% of all issued Bitcoin—is currently protected by public keys already visible on-chain. The November 10 update, using the firm’s latest methodology, provides a quantified view of how much of Bitcoin’s supply might be at theoretical risk should quantum computers advance far enough to break current cryptographic security. Glassnode stated that 25.8% of all Bitcoin addresses face exposure due to address reuse, with 11.6% of supply held on exchanges falling under this category. The exchange figure is included within the overall figure for reused addresses, and is not additional.

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