Bitcoin Improvement Proposal Aims to Address Quantum Computing Threats

According to PANews, Casa's CTO Jameson Lopp, along with five developers, has introduced a Bitcoin Improvement Proposal (BIP) to phase out address types vulnerable to quantum computing attacks. This initiative seeks to address the unprecedented threat posed by quantum computers to Bitcoin private key security. The proposal includes measures to prohibit transactions to high-risk addresses and aims to prevent the spending of such Bitcoin within five years. This affects approximately 25% of existing Bitcoin, including the one million coins owned by Satoshi Nakamoto. Additionally, the proposal suggests future BIPs to securely recover frozen assets. Research indicates that a successful quantum attack could lead to significant economic disruption across the Bitcoin ecosystem.