Quantum Computing: A Threat to Bitcoin? Banner

Quantum Computing: A Threat to Bitcoin?

TL;DR Quantum computers threaten Bitcoin because Shor’s algorithm can derive a private key from an exposed public key, breaking the ECDSA and Schnorr signatures that authorise transactions. The threat is real but not imminent. Credible estimates put a cryptographically relevant quantum computer somewhere between 2029 and 2035. Research cited by Google and Bitcoin security analysts suggests a roughly 10% chance of a break by 2032. Around 6.9 million BTC - close to a third of all supply - sit in addresses with exposed public keys, including roughly 1 million BTC believed to belong to Satoshi Nakamoto. These are the coins most at risk. Mining (SHA-256) is far less exposed. Grover’s algorithm only offers a quadratic speed-up, which higher network difficulty can absorb. Bitcoin’s defences are forming: BIP-360 adds a quantum-resistant address type, BIP-361 proposes a controversial migrate-or-freeze deadline, and NIST has finalised post-quantum standards (ML-DSA, SLH-DSA) for future signature schemes to draw on. The safest action for an ordinary holder today: use a modern address and never reuse it, so your public key stays hidden behind a hash until you spend. Overview Quantum computing is one of the most significant theoretical threats to modern cryptography. For Bitcoin, the core concern is that a sufficiently powerful quantum computer could run Shor’s algorithm to solve the elliptic curve discrete logarithm problem - the hard maths that secures Bitcoin’s public-key cryptography. ...

May 20, 2026 · 9 min · James M
The State of Blockchain in 2026 Banner

The State of Blockchain in 2026

TL;DR The blockchain industry in 2026 is no longer arguing about whether it has a future. The arguments are about which layers do which jobs. Bitcoin remains the reserve asset and the most credible neutral settlement layer. Ethereum is the dominant smart-contract base layer, with most activity now happening on its Layer 2s. Solana has taken the high-throughput application crown. Polkadot is mid-pivot from infrastructure to applications. The two structural shifts that define 2026 are modular blockchains (Celestia, EigenLayer) and the stablecoin economy, where annual settlement volume now exceeds Visa. Real-world asset tokenization has gone from a slide-deck thesis to a $30B+ live market, led by BlackRock’s BUIDL and tokenized US treasuries. The destination for the next two years is clear: payments, treasuries, and AI agents using crypto rails - and most users will not know they are using a blockchain. What Actually Survived It is worth saying out loud: most of the things that called themselves “the future of finance” in 2021 are gone. The 2022-2023 unwind cleared out the projects that had no users, no revenue, and no reason to exist. What remains in 2026 is a much smaller, much more boring, and much more useful set of networks. ...

May 4, 2026 · 15 min · James M

Bitcoin

Overview Bitcoin is the world’s first and largest cryptocurrency by market capitalization, launched in January 2009. Unlike traditional fiat currency issued by central banks, Bitcoin is created, distributed, traded, and stored using a decentralized peer-to-peer network secured by a distributed ledger technology known as blockchain. Key Characteristics Decentralized - No central authority or government controls Bitcoin Limited Supply - Maximum of 21 million bitcoins will ever exist Transparent - All transactions are recorded on the public blockchain Immutable - Past transactions cannot be altered or reversed Secure - Protected by cryptographic proof-of-work consensus mechanism Educational Content Theory of Bitcoin | Introduction Series (June 2023) A comprehensive introduction to Bitcoin fundamentals and theory. ...

June 23, 2023 · 1 min · James M

Private Keys in Cryptocurrency

What Are Private Keys? A private key is a cryptographic variable used in conjunction with an algorithm to encrypt and decrypt data. In the context of cryptocurrencies, a private key is a secret number that allows you to spend the cryptocurrency associated with your public address. Key Principles Never Share: Private keys should be shared only with the key’s generator or parties explicitly authorized to decrypt the data Unique Control: Only the holder of a private key can authorize transactions from that address Irretrievable Loss: Losing your private key means losing access to your funds permanently Cryptographic Foundation: Private keys are crucial in both symmetric and asymmetric cryptography, and are fundamental to cryptocurrency security How Private Keys Work Private keys are the foundation of public-key cryptography. When you create a cryptocurrency wallet, a private key is generated - typically as a random 256-bit number. Your public key (and thus your public address) is mathematically derived from this private key. This relationship is one-way: while anyone with your public key can verify that you signed a transaction, they cannot derive your private key from it. ...

June 23, 2023 · 3 min · James M

Blockchain & Web3 Courses

Overview Whether you’re a beginner exploring blockchain fundamentals or an experienced developer building decentralized applications, these curated courses provide structured learning paths from foundation concepts to advanced smart contract development. Beginner-Friendly Resources Start with fundamentals and core concepts: CryptoZombies - Interactive, game-based introduction to Solidity programming. Perfect for complete beginners to learn smart contract basics through engaging gameplay. Blockchain Council Certified Blockchain Developer™ - Professional certification program with structured curriculum covering blockchain architecture, consensus mechanisms, and development fundamentals Web3 University - Open-source education hub with accessible guides and tutorials. Great for understanding Web3 concepts without heavy technical prerequisites. ...

April 18, 2023 · 2 min · James M

Cryptocurrency Hardware Wallets

Overview Hardware wallets are physical devices designed to securely store cryptocurrency private keys offline. They provide cold storage solutions that protect your assets from online threats and exchange hacks, making them one of the most secure ways to manage digital currencies. Unlike hot wallets (internet-connected software), hardware wallets keep your keys isolated from networks where they could be compromised. Hardware Wallet Providers Industry Leaders Ledger - Most widely adopted hardware wallet with strong security track record and extensive cryptocurrency support ...

April 17, 2023 · 3 min · James M