
D-Wave CEO Alan Baratz said future quantum computers could break today's encryption, including Bitcoin's (CRYPTO:BTC) proof-of-work system.
Baratz said the risk is not immediate, but organisations should begin planning for stronger security now.
“People need to start preparing today because it will take time to transition,” said D-Wave CEO Alan Baratz.
Baratz said quantum computers are improving and could one day solve problems beyond the reach of today's machines.
Bitcoin developers have discussed quantum-resistant upgrades, but no immediate changes have been adopted.
Many researchers believe practical quantum attacks remain years away because current quantum computers are still limited.
The debate highlights how Bitcoin and other blockchain networks may need stronger encryption as quantum technology advances.
At the time of reporting, Bitcoin price was $63,954.21.
Cardano (CRYPTO:ADA) founder Charles Hoskinson said quantum computing could one day threaten Bitcoin (CRYPTO:BTC).
Large Bitcoin (CRYPTO:BTC) holders are continuing to hold their coins despite ongoing concerns that future advances in quantum computing could threaten blockchain security.