BitMEX Proposes Quantum Canary to Avoid Bitcoin Freeze
Cointelegraph
BitMEX Research suggests a quantum-bounty canary fund as a less intrusive alternative to the controversial proposal of freezing quantum-vulnerable dormant Bitcoin.Summary
BitMEX Research has introduced a "canary approach" to address the risks posed by future quantum computing to dormant Bitcoin. Instead of the controversial BIP-361 proposal, which suggests a preemptive freeze of vulnerable coins, BitMEX proposes a soft fork that only activates if a quantum computer successfully spends funds from a "canary" address. This address, created with a "Nothing-Up-My-Sleeve Number," serves as a bounty; if accessed, it proves the quantum threat is real, triggering the protective freeze. This alternative aims to provide security against theft while avoiding the "authoritarian" measures criticized in previous proposals.
(Source：Cointelegraph)