Bitcoin (CRYPTO: BTC) might need to undergo a costly and time-consuming update process to ward off the threat from quantum computing in the future, according to a Tuesday report that cited a study.
What Happened: The study, led by the University of Kent’s School of Computing, estimated that a protocol update to protect Bitcoin from quantum computing threats would require taking the cryptocurrency offline for about 76 days provided 100% of the bandwidth is committed to the process, Forbes reported.
However, if 25% of the bandwidth is allowed, which would allow users to continue mining and trading at a slower pace, the update would take …
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