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Bitcoiners push for quantum-resistant BIP-360 upgrade as debate heats up

Cointelegraph
A growing faction of Bitcoin advocates is urging the network to adopt the quantum-resistant BIP-360 upgrade soon, citing potential future market risks.

Summary

A growing segment of Bitcoin proponents, including fund manager Charles Edwards of Capriole, is advocating for the swift implementation of BIP-360, a proposed upgrade that introduces post-quantum signature options for Bitcoin addresses. Edwards suggests a 2026 deployment deadline, warning that a perceived quantum threat could cause significant market risk, even suggesting burning coins that don't migrate by 2028. However, this view is contested by other industry figures like Adam Back of Blockstream and Samson Mow of Jan3, who argue that practical quantum threats are still decades away and that Bitcoin's security fundamentals (relying on hashing, not just encryption) are often misunderstood by those promoting "quantum FUD." The debate is complicated by the declining adoption of Taproot—Bitcoin's latest format perceived as quantum vulnerable—while older SegWit and Legacy formats are not. Back has proposed hash-based signature schemes as a viable post-quantum alternative, relying on hash function assumptions similar to the network's current design.

(Source:Cointelegraph)