tldr; Developers warn that quantum computers could compromise 25% of Bitcoin’s supply due to exposed public keys. A Bitcoin Improvement Proposal (BIP) by Jameson Lopp suggests a three-phase quantum-resistant upgrade. The plan includes blocking quantum-vulnerable addresses, freezing unsecured funds, and potentially recovering frozen assets. The initiative aims to protect approximately 4 million BTC, including Satoshi Nakamoto’s holdings, from future quantum attacks, which could cause significant economic disruption and market instability.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
It is hilarious how people have been asking about quantum resistance for weeks & weeks but when an article comes out, nobody seems interested.
Plan-of-8track on
If this is implemented what are the implications for BTC in cold wallets
jawni on
If anyone’s curious about the threat of quantum computing and how it relates to crypto, you should listen to this podcast. It’s done by very knowledgeable people and they lay it out pretty succinctly without shilling any projects.
I actually just listened to it today, the issue a lot more nuanced than I thought.
If anyone’s curious about the threat of quantum computing and how it relates to crypto, you should listen to this podcast. It’s done by very knowledgeable people and they lay it out pretty succinctly without shilling any projects.
I actually just listened to it today, the issue is a lot more nuanced than I thought.
9 Kommentare
tldr; Developers warn that quantum computers could compromise 25% of Bitcoin’s supply due to exposed public keys. A Bitcoin Improvement Proposal (BIP) by Jameson Lopp suggests a three-phase quantum-resistant upgrade. The plan includes blocking quantum-vulnerable addresses, freezing unsecured funds, and potentially recovering frozen assets. The initiative aims to protect approximately 4 million BTC, including Satoshi Nakamoto’s holdings, from future quantum attacks, which could cause significant economic disruption and market instability.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Details could be find here: https://github.com/jlopp/bips/blob/quantum_migration/bip-post-quantum-migration.mediawiki
It is hilarious how people have been asking about quantum resistance for weeks & weeks but when an article comes out, nobody seems interested.
If this is implemented what are the implications for BTC in cold wallets
If anyone’s curious about the threat of quantum computing and how it relates to crypto, you should listen to this podcast. It’s done by very knowledgeable people and they lay it out pretty succinctly without shilling any projects.
I actually just listened to it today, the issue a lot more nuanced than I thought.
https://open.spotify.com/episode/4XRkIfy2qKFpcekfyGknOP?si=7Su3jsbbRUSVqBZXmalARw
If anyone’s curious about the threat of quantum computing and how it relates to crypto, you should listen to this podcast. It’s done by very knowledgeable people and they lay it out pretty succinctly without shilling any projects.
I actually just listened to it today, the issue is a lot more nuanced than I thought.
https://open.spotify.com/episode/4XRkIfy2qKFpcekfyGknOP?si=7Su3jsbbRUSVqBZXmalARw
Doesn’t quantum computing threaten every single banking and financial system, not just Bitcoin?
Bitcoin software is dated and accounts have already been hacked. It’s been proven.
Aka Satoshi’s Shield 🛡️