[Grayscale: The Quantum Challenge Bitcoin Faces is 'More Social than Technical'] According to a report by Jinse Finance, on April 7, Grayscale's Head of Research, Zach Pandl, stated that addressing the quantum threat to Bitcoin may pose more challenges on a social level rather than a technical one, especially if the community fails to reach consensus on certain contentious issues. On March 30, Google released a paper that shocked the crypto industry, suggesting that the resources required for quantum computers to break the encryption algorithms used by Bitcoin might be significantly less than previously anticipated. However, Grayscale's Head of Research, Pandl, believes that Bitcoin's issues do not lie in technical solutions, as "Bitcoin's risk is lower than that of other cryptocurrencies." Bitcoin uses the UTXO model and the Proof-of-Work consensus mechanism, does not natively support smart contracts, and certain address types are not vulnerable to quantum computing threats. Pandl stated that the real challenge lies in the community needing to make decisions on subsequent solutions. The Bitcoin community is currently engaged in heated debates over how to handle long-dormant old coins, particularly the approximately 1.7 million Bitcoins locked in early P2PK addresses, including around 1 million Bitcoins held by Satoshi Nakamoto. At current prices, these are valued at approximately $68 billion.