Adam Back Advocates for Optional Quantum-Resistant Upgrade for Bitcoin
Svmuu News Blockstream CEO Adam Back posted that Bitcoin should adopt an optional quantum-resistant upgrade scheme, rather than the approach in BIP-361 which mandates freezing tokens threatened by quantum attacks. The BIP-361 proposal suggests gradually phasing out addresses vulnerable to quantum attacks over five years, ultimately freezing unmigrated tokens, including assets held by Satoshi Nakamoto. Recent Google research indicates that a superconducting qubit system might require fewer than 500,000 physical qubits to crack Bitcoin's encryption within minutes. Currently, approximately 6.9 million BTC are exposed to such risks. In response to the quantum threat, BitMEX Research has proposed establishing a canary fund, implementing a full freeze only when related addresses make a spend.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
Bitcoin rises above $77,000, bucking tech selloff driven by AI safety concerns and rising oil prices
-
2
Cosco Shipping Heavy Industry Completes China IPO Guidance Registration
-
3
Taiwan to open second quasi-diplomatic mission in the Philippines, sources say
-
4
Xi Pitches AI Vision as Silicon Valley Leaders Tap Brakes
-
5
INX Token Trading Guide: Distinguishing Infinex and INX Limited Tokens and Trading Platforms
-
6
Samsung Display develops world's first 6.9-inch mobile OLED panel with 2K resolution, 165Hz refresh rate, and 30% lower power consumption
-
7
Multiple wealth management companies in China have submitted applications for pension wealth management qualifications, signaling an expansion in product offerings.
-
8
GLIDE Coin Analysis: Project Status and Market Liquidity Analysis
-
9
ATPAD (AtomPad) Project Status Analysis: An Inactive Cryptocurrency
-
10
Chinese AI firm Z.ai shares tumble over 10% after announcing $5 billion fundraising, its second major raise in two months
Markets Today
Recommended Reading





