Solana Co-Founder Issues Warning on Quantum Computing’s Threat to Bitcoin, Foresees Stablecoins Influencing US Treasury Dynamics

Anatoly Yakovenko, the co-founder of Solana, has voiced concerns about the potential impact of quantum computing on Bitcoin’s security. Yakovenko emphasized that advancements in quantum computing could pose a substantial threat to the cryptographic protocols underpinning Bitcoin. He also noted that the rise of stablecoins might lead to a shift in how US Treasury bonds are managed, potentially affecting the global financial landscape. Furthermore, Yakovenko discussed Solana’s network scalability prospects and its capacity to handle an increasing volume of transactions, indicating a promising future for blockchain technology in data processing.