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D-Wave CEO says quantum computing will eventually break Bitcoin proof-of-work protocol

D-Wave Chief Executive Alan Baratz warned that quantum computing could eventually break Bitcoin’s proof-of-work protocol, blockchain outlet U.Today reported on July 29. He raised the possibility that proof of work, viewed as a key security foundation of the Bitcoin network, could become a target as quantum technology advances. No specific countermeasures, timing of a potential attack or technical alternatives were presented, leaving the warning as the main confirmed point.