New Bitcoin Proposal BIP-361 Targets Quantum Vulnerability Protection
A new Bitcoin Improvement Proposal (BIP-361) aims to shield vulnerable wallets from quantum threats by halting BTC sent to quantum-attackable addresses and phasing out legacy signatures over five years.
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A fresh Bitcoin Improvement Proposal, BIP-361, has been introduced with the goal of protecting wallets that are susceptible to quantum computing attacks.
The proposal outlines three key measures:
- Prevent new Bitcoin from being sent to addresses deemed vulnerable to quantum attacks.
- Sunset legacy digital signatures after a five-year transition period.
- Potentially introduce a recovery mechanism for users who miss the migration window.
The initiative reflects growing concern over the future threat quantum computers pose to cryptographic security in cryptocurrency networks.
Source: Cointelegraph