DeFi· ★★★· neutral·

Bitcoin community debates freezing coins vulnerable to quantum attacks

  • At least 2.6 million BTC are at risk, including about 1.7 million in old P2PK outputs
  • ECDSA and Schnorr signatures are vulnerable to a sufficiently powerful quantum computer
  • BIP-361: first quantum-resistant addresses, then a ban on spending from vulnerable ones
  • Opponents of a freeze see it as a restriction of property rights
Why it matters: The decision will determine how bitcoin protects millions of coins and owners' rights when a quantum threat emerges.
Source: Digital Today