When Ethereum co-founder Vitalik Buterin speaks about Bitcoin, the crypto sphere pays close attention. On December 5th, one of his tweets highlighted a significant yet often overlooked achievement on the Bitcoin network. This milestone, he believes, has profound implications for the security of the entire industry.
In his tweet, Vitalik Buterin revealed, complete with calculations, that the Bitcoin network recently surpassed the milestone of 2^96 cumulative hashes since its inception. This number, which represents the total computational power ever expended on Bitcoin mining to secure the network, is so vast that it’s difficult to comprehend. As influencer Cyphertux highlighted, this is a first in human history: never before has a decentralized system achieved such a level of computational work.
This figure is more than just a simple record. It represents the “energy barrier” that an attacker would need to overcome to attempt to rewrite Bitcoin’s history. In other words, Bitcoin’s security has reached a level equivalent to 96 bits, an unprecedented digital fortress of remarkable robustness.
Far from simply celebrating this achievement, Vitalik Buterin used it to issue a warning and a call to action. If the Bitcoin network has been able to reach 96 bits of security, this means that global computing power continues to grow at an exponential rate. For him, this proves that it’s time for the entire industry to aim higher.
He insists on the necessity of adopting 128-bit security standards for future cryptographic systems. The idea is to maintain a comfortable head start over computing capabilities, including against future threats such as quantum computing. By reaching this milestone, Bitcoin not only demonstrates its strength, but also points the way forward for the entire ecosystem to remain secure in the long term.
This is therefore not a critique, but a recognition of Bitcoin’s power, used as an argument to push the entire industry toward greater robustness. An unexpected tribute that has created significant buzz in the community.
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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