Bitcoin Core developers: We'd rather freeze 5.6 million BTC than let them fall into the hands of quantum hackers.

This article is machine translated
Show original

According to Odaily Odaily, Bitcoin Core developer Jameson Lopp stated that he prefers to "freeze" approximately 5.6 million long-dormant Bitcoins from the network rather than allow them to be acquired by attackers, rather than risk a potential future quantum computing attack. These Bitcoins have not moved for over 10 years and may be permanently lost, valued at approximately $420 billion at current prices. If a future breakthrough in quantum computing leads to the cracking of the private keys of old addresses, these assets could be transferred again, causing severe market volatility and even a crisis of confidence. Although the community recently proposed BIP-361, this proposal is still in its early stages and is not a formally implemented solution, but rather a contingency plan to deal with "extreme risks." (CoinDesk)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments