Tezos Founder Warns Bitcoin of Quantum Threat Denial
- Quantum Threat Warning: Tezos founder Arthur Breitman criticizes the crypto industry's complacency towards quantum computing threats, particularly highlighting Bitcoin's slow progress on post-quantum cryptography, which he believes poses an unacceptable risk.
- Bitcoin's Vulnerability: While no quantum computer currently poses a direct threat to Bitcoin's elliptic curve cryptography, the conservative upgrade culture and massive base of long-lived wallets make it challenging for Bitcoin to migrate to post-quantum cryptography, potentially questioning its future security.
- Standard Development Progress: The U.S. National Institute of Standards and Technology has published FIPS 203, marking the first post-quantum cryptography standard issued by a government body, indicating that traditional finance and enterprise infrastructure are transitioning to lattice-based cryptography, increasing the urgency for Bitcoin.
- Governance and Preparedness: Tezos emphasizes the need for the Bitcoin community to develop a credible migration roadmap to address quantum threats rather than treating them as a distant hypothetical, a sentiment echoed in Bitcoin developers' BIP-361 proposal, underscoring the urgency of the issue.
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Technical Analysis for XTZ
Technical Sentiment Analysis for Tezos (XTZ). As of , Tezos (XTZ) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 4 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XTZ stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, XTZ is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Tezos (XTZ) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.299 | 0.324 | 0.352 | 0.377 | 0.405 | 0.43 | 0.458 |
| Fibonacci | 0.324 | 0.345 | 0.357 | 0.377 | 0.398 | 0.41 | 0.43 |
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