Quantum risk real, but not all crypto wallets equally vulnerable: Galaxy
Galaxy Digital’s Will Owens says most crypto wallets aren’t exposed to quantum risks, with vulnerabilities limited to cases where public keys are revealed.
The quantum risk to Bitcoin investors is real, but not all wallets are vulnerable, and the people best positioned to address it are working on it, says Galaxy Digital research analyst Will Owens.
Owens said in a report on Thursday that, in theory, a quantum computer could derive private keys from public keys, allowing an attacker to impersonate the owner, forge a signature and steal coins.
However, he argued that not all wallets are equally vulnerable to this risk.