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Satoshi’s 1.1M bitcoin and millions more can be saved from quantum attack, says expert

CoinDesk
AmericanFortress has developed a post-quantum signature scheme designed to protect dormant and active Bitcoin holdings from future quantum computing threats.

Summary

AmericanFortress researchers have introduced a patent-pending post-quantum signature scheme that protects cryptocurrency assets, including Satoshi Nakamoto’s 1.1 million BTC, from potential quantum attacks. By utilizing zero-knowledge proofs and a backward-compatible soft fork, the protocol allows for a defensive freeze of vulnerable, dormant wallets without requiring mass fund migrations. CEO Michal Pospieszalski states that the solution, which avoids the performance degradation seen in other trials, will be formally presented in Paris on June 2, potentially securing over $600 billion in vulnerable digital assets across various blockchains.

(Source:CoinDesk)