CoinDesk·5 min read·hard
Bitcoin’s quantum problem gets a recovery tool, but not for Satoshi’s 1.1 million coins
S
Shaurya Malwa
✦AI Summary
Project Eleven has developed a zero-knowledge proof tool designed to protect Bitcoin holdings from potential future quantum computing threats. This technology aims to provide a recovery path for assets that might otherwise be compromised by Shor's algorithm.
BIP-361 , published in April by Jameson Lopp and five co-authors, would block new deposits to vulnerable addresses after three years and freeze whatever remained after five, stranding coins in more than a third of bitcoin's supply, including the roughly 1.1 million BTC attributed to pseudonymous creator Satoshi Nakamoto.
technologycryptoscience
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