Bitcoin Developer Wants to Fight Quantum Computing Threat—Before It's a Problem
Agustin Cruz, a Bitcoin developer, is advocating for proactive measures to protect Bitcoin from the looming threat of quantum computers that could potentially break current cryptographic standards. He has proposed a Quantum-Resistant Address Migration Protocol (QRAMP) that mandates users to migrate their funds from traditional ECDSA addresses to new quantum-resistant ones. This protocol aims to hide public keys until transactions are made, minimizing vulnerabilities during potential quantum attacks. Cruz emphasizes that even if quantum computers are still years away, the systemic risks associated with a successful attack on Bitcoin warrant immediate action. His proposal includes collaborative updates to Bitcoin code and user-friendly migration tools to facilitate the transition. Other blockchain networks, such as Ethereum and Solana, have also initiated discussions and solutions to combat quantum threats, highlighting a growing consensus on the importance of addressing this issue now instead of waiting for a crisis. As developers across various platforms work on quantum-resistant technologies, keeping Bitcoin secure for the future remains a critical concern as technological advancements continue to unfold.
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