Cryptocurrency Security in Question After SHA-256 Collision Breakthrough

• Recent cryptographic research breakthrough demonstrating first practical SHA-256 collision over 31 steps, raising questions about security of Bitcoin and other cryptos using this algorithm

• News went viral in crypto community after tweets by wallet provider OneKey and Solana co-founder Anatoly Yakovenko hinting at cyclic nature of such discoveries

• SHA-256 algorithm deeply ingrained in blockchain networks, particularly for mining and digital signatures; direct attack compromising entire Bitcoin network still highly theoretical

• Implications extend beyond crypto, potentially destabilizing entire digital security infrastructure of internet if SHA-256 genuinely compromised

• Blockchain community known for resilience and adaptability; mechanisms exist to upgrade protocols, discussions ongoing about vulnerabilities and countermeasures