CoinNetwork

JPMorgan Chase's Global ETF Product Head stated that tokenization could transform the entire fund industry, not just ETFs. The pilot programs for tokenized ETFs have begun, offering advantages such as faster creation and redemption, near-instant settlement, and continuous market access; however, full implementation will still take several years. The bank is exploring potential applications through Kinexys, indicating that tokenization is becoming the future operational layer.

CryptoWorld News reports, according to CoinDesk, that Bitcoin may face new threats from quantum computing, although not all Bitcoins are affected. The hashing algorithm used for Bitcoin mining is difficult for quantum computers to crack, and the blockchain ledger as well as the rules for generating new Bitcoins can still survive quantum attacks. However, the security of Bitcoin wallets depends on a mathematical method that converts private keys into public keys, which quantum computers could use to carry out an attack. Approximately 6.9 million Bitcoins—about one-third of all mined Bitcoins—are stored in wallets in which the public keys are permanently visible. Bitcoin’s creator, Satoshi Nakamoto, holds about 1 million Bitcoins, and these coins are also exposed now. Although the quantum threat has triggered intense discussion, so far, Bitcoin developers have not proposed any specific response strategy. By contrast, Ethereum has launched an official quantum resistance plan since 2018, and it is currently underway.