Bitcoin Could Avoid a Full Quantum Freeze Under New ‘Canary’ Proposal

Bitcoin Could Avoid a Full Quantum Freeze Under New ‘Canary’ Proposal

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News A new proposal suggests a mechanism that would trigger a freeze only on quantum-vulnerable coins if a computer of that type is proven to exist. BitMEX Research is proposing a “canary” system as an alternative to the quantum-safe recovery schemes. The new proposal aims to avoid an unnecessary full-scale Bitcoin freeze in response to future quantum computing threats. The ongoing debates around BIP-361 have left the community divided. It is important to note that BIP-361 was recently merged into the Bitcoin repository and pushes for a phased approach where sending funds to quantum-vulnerable addresses would first

Source: https://cryptopotato.com/bitcoin-could-avoid-a-full-quantum-freeze-under-new-canary-proposal/