Anatoly Yakovenko, co-founder of Solana, is calling on the Bitcoin community to start adopting quantum-resistant security technologies, cautioning that the developments in quantum computing might emerge more rapidly than anticipated.
During a session at the All-In Summit on Sept. 18, he emphasized that the rapid advancements in technology suggest Bitcoin shouldn’t wait for the threat to become apparent.
He stated:
“We should shift Bitcoin to a quantum-resistant signature method. This is my prediction, and it’s due to the convergence of many leading technologies, particularly the explosive rate at which AI is evolving—from research to real-world application. Therefore, I encourage everyone to expedite the process.”
Yakovenko’s stance is not surprising, considering rising concerns in the market regarding Bitcoin’s susceptibility to attacks powered by quantum computing, especially following reports of progress from companies like Google.
In light of this, he contended that major tech organizations implementing quantum-resistant encryption should serve as a signal for Bitcoin to update its security framework.
The Solana co-founder further elaborated:
“The critical point for me is Google’s and Apple’s integration of a quantum-resistant cryptographic system. This is the moment for migration, as we’re seeing solutions emerging on the consumer side, and there’s no need to hold off. So, keep an eye on Google’s direction.”
Nonetheless, despite Yakovenko’s cautionary notes, experts in the industry are divided regarding the timeline of these technological advancements. Some assert breakthroughs may happen within this decade, while others believe that potential risks are still quite far off.
Whatever the case may be for future implementation, Yakovenko highlighted the dual nature of the technology as both a challenge and a chance for growth.
He remarked:
“For the general public, quantum computing represents a tremendous unlock in processing capabilities, potentially making it as significant a wealth generator, if executed successfully, as AI.”
Bitcoin’s Strength Persists
Despite his warnings about the long-term dangers of quantum computing, Yakovenko underscored Bitcoin’s resilience against current risks.
He pointed out that while the downturn of companies holding substantial Bitcoin reserves, like Strategy (formerly MicroStrategy), might disturb the market, it cannot undermine the asset itself due to its decentralized, open-access framework.
Yakovenko commented:
“I believe as long as it remains an open global competition to acquire Bitcoin, accessible to everyone, without slipping into a regulated scenario—similar to the restrictions on gold in the 70s—Bitcoin will endure these sorts of challenges.”
He also commended proof-of-work as one of Bitcoin’s most robust defenses against coordinated attacks, explaining that its consensus model is designed to be straightforward, making it exceptionally challenging to compromise on a large scale.
He affirmed:
“Its elegance lies in its simplicity, as it is the most straightforward protocol focused solely on settlement. It is easy to grasp from an engineering perspective, and proof-of-work embodies brilliance in terms of its elegance and simplicity.”
