The Protocol: Bitcoin proposal that could freeze quantum-related coins
Crypto

The Protocol: Bitcoin proposal that could freeze quantum-related coins

CoinDesk·1h ago·Fear

What Happened

Bitcoin developers, including Jameson Lopp, proposed BIP-361 to defend against future quantum computers that could compromise the blockchain. The proposal could force coin holders to migrate to quantum-resistant addresses or face permanent freezing of funds. Google's recent report suggested quantum computers could break Bitcoin's security faster than previously estimated, with 2029 cited as potential deadline.

Key Entities

BitcoinJameson LoppBIP-361GoogleQuantum computersCoW SwapDNS hijackingMcKinsey

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