According to Lopp, now attackers can calculate closed keys for public addresses, and then slowly transfer funds so as not to attract the attention of the crypto community.
“The essence of the initiative is to translate bitcoin users to quantum-resistant addresses, and all the old ones are blocked. Frozen funds can be restored. For this, it will be necessary to create a separate suggestion of blockchain updating (BIP), ”the developers explained.
They referred to a proposal for the introduction of post -scan cryptography into the Bitcoin network (BIP360), developed by the senior engineer of the Anduro Protocol Hunter Beast.
Experts noted that the cryptographic foundations of bitcoin have never faced such an existential threat. A successful quantum attack on the network will lead to significant economic shocks and damage to the entire ecosystem. Therefore, it is necessary to combine the efforts of all developers to confront this threat.
Earlier, the Project Eleven team launched the Q-Day Prize contest to check how real the theoretical risks of quantum attacks on bitcoin cryptography, as well as how close modern quantum technologies have taken to break the protection of the first cryptocurrency ecosystem.
Source: Bits
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