Willy Woo has shared an thought for retaining Bitcoin
$103,550.42
protected from doable future threats brought on by quantum computer systems.
His resolution is to maneuver Bitcoin into SegWit wallets and depart it there for about seven years.
In a publish on X, Woo described this as a short lived step. He defined that customers might switch their Bitcoin to a SegWit-compatible handle and maintain it there till a quantum-safe resolution is developed.
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SegWit, quick for Segregated Witness, is an improve to the Bitcoin community launched on August 23, 2017. One key characteristic of SegWit is that it hides a person’s public key till the Bitcoin is shipped.
He famous that newer handle sorts, resembling taproot, show the general public key within the handle, which makes them in danger as quantum computing advances. Woo stated:
Previously, it was about defending your PRIVATE KEY (your seed phrase). Within the age of massive scary quantum computer systems (BSQC) which are coming, you must defend your PUBLIC KEY additionally.
He additionally talked about that Bitcoin managed by exchange-traded funds (ETFs), firm treasuries, or skilled custodians might stay protected if these entities take correct precautions.
Based on Woo, most specialists agree that quantum computing won’t pose a severe danger to Bitcoin till after 2030. He added that researchers are already engaged on new requirements and updates to protect in opposition to these threats.
Just lately, Woo shared his view that Technique, led by Michael Saylor, is just not prone to promoting its Bitcoin holdings throughout the subsequent main market downturn. How? Learn the complete story.
