#bip-361

[finovohub]

Coinbase Quantum Report Warns Millions Of Bitcoin Could Face

TL;DR Coinbase’s Quantum Advisory Council published a report on post-quantum migration and abandoned coins. The report estimates that millions of Bitcoin may eventually be exposed through legacy address formats and address reuse. The risk is future-oriented; the report does not say quantum computers can break Bitcoin today. Coinbase Flags Long-Term Quantum Exposure Coinbase’s Quantum Advisory…

Coinbase Quantum Report Warns Millions Of Bitcoin Could Face

[rwatimes]

Menace quantique sur Bitcoin : 552 milliards $ en danger ?

Le piratage quantique menace Bitcoin. BIP-361 contre PACTs de Paradigm : le duel technique qui pourrait geler 6,9 millions de BTC.

➤ Quantum computing poses a significant threat to Bitcoin's security, with the potential to compromise older wallets holding approximately 6.9 million BTC. ➤ Two proposed solutions, BIP-361 (forced freezing of old addresses) and PACTs (proof-of-ownership timestamping), aim to mitigate this risk, but both present challenges regarding user funds and historical holdings. ➤ The article highlights the ongoing technical debate and the complex trade-offs between network security, historical user capital, and the potential for future quantum attacks.

[rwatimes]

Publican la BIP-361 que podría congelar los BTC de Satoshi ante la amenaza cuántica

Jameson Lopp y otros cinco desarrolladores proponen un soft fork en tres fases para proteger el UTXO set de Bitcoin.

➤ A new Bitcoin Improvement Proposal (BIP-361) has been introduced to protect the UTXO set from quantum computing threats. ➤ The proposal, led by Jameson Lopp, aims to make current cryptographic signatures invalid after a certain date, forcing users to migrate funds to quantum-resistant addresses. ➤ Funds not migrated by the deadline, including those potentially belonging to Satoshi Nakamoto, would become inaccessible, effectively reducing Bitcoin's supply.

[rwatimes]

Bitcoin Developers Propose BIP-361 to Freeze Quantum-Vulnerable Legacy Addresses

The proposal reflects growing urgency around the future-proofing of Bitcoin against potential quantum risks.

➤ Bitcoin developers have proposed BIP-361 to freeze quantum-vulnerable legacy addresses, aiming to protect BTC from future quantum computing threats. ➤ The proposal outlines a phased approach to encourage users to migrate to newer, more secure wallet types, with strict cut-offs to prevent the use of old signature styles. ➤ This proactive measure addresses concerns about potential undetected attacks and aims to enhance network resilience and long-term security, with some institutions already exploring post-quantum cryptography.