Bitcoin's $1.3 trillion security race: Key initiatives aimed at quantum-proofing the world's largest blockchain
CoinDesk
Bitcoin developers are actively exploring cryptographic upgrades to protect the network against the future threat of powerful quantum computers.Summary
As quantum computing advances, developers are addressing the vulnerability of Bitcoin's elliptic curve cryptography, which could potentially be compromised by future machines. With billions of dollars at risk, several initiatives are under consideration to secure the network. These include BIP 360 to remove on-chain public keys, the adoption of hash-based signature schemes like SPHINCS+ (SLH-DSA), Tadge Dryja's commit/reveal scheme for mempool protection, and the Hourglass V2 proposal to mitigate risks for older, exposed addresses. While these solutions face challenges regarding transaction size and network governance, they represent a proactive effort to ensure Bitcoin's long-term resilience.
(Source：CoinDesk)