Quantum computing threatens the $2 trillion Bitcoin network. BTQ Technologies says it has a defense.

BTQ Technologies has announced new technology to counter the quantum computing threat looming over the $2 trillion Bitcoin network. Specializing in post-quantum cryptography, the company introduced 'Bitcoin Quantum,' a new permissionless fork aimed at safeguarding Bitcoin from quantum risks. Currently on a testnet, this initiative is crucial in ensuring transactional security for users. As quantum computers pose an escalating risk to traditional encryption methods, the introduction of this technology signifies a pivotal moment for the Bitcoin community, underscoring the potential for new technologies to bolster existing security. Investors should monitor the subsequent market reactions, as the evolution of quantum computing may render conventional cryptographic measures less effective over time.