VanEck Research Director: The Bitcoin community has acknowledged the risks of quantum computing

Matthew Sigel, the Head of Digital Asset Research at the asset management company VanEck, stated in an interview with CNBC that quantum computing poses a risk to Bitcoin, but the community has recognized the seriousness of the issue. He pointed out that due to the decentralized nature of the crypto network, progress in addressing this issue may be slow, but the community is advancing related work.

Sigel said, "This is a risk, but the community has already recognized the scope of the problem, and a large number of talents have gathered and proposed a framework for upgrading the system." He added, "The upgrade will not happen quickly, as there is no CEO who can tell developers 'do it now.' The governance process takes more time, and the process is more complex, but there are technical paths to achieve quantum resistance, and you will see more related progress in the coming years."

Currently, quantum computers still have error rate issues and cannot crack Bitcoin's encryption algorithms. Some Bitcoin developers have begun testing quantum-resistant signatures on real-time sidechains. Coinbase plans to build a post-quantum signature pipeline using secure enclaves and threshold cryptography, and a Bitcoin security alliance composed of BlackRock, Fidelity Digital Assets, Block, and others is also supporting proposals like BIP-360 to reduce long-term quantum computing risks.