Part 5/9:
- Mining Power Centralization: If quantum computers are developed with substantial capabilities, they could dominate Bitcoin mining, compromising the network's decentralization and censorship resistance.
Amid these concerns, the panel underscores several strategies being pursued to bolster Bitcoin's resilience against quantum threats. These include research into post-quantum cryptography and innovative proposals to create backup systems within transaction protocols—a proactive approach to a challenge that lies several years down the road.