Emin Gun Sirer (Emin Gun Sirer) said that wallets associated with the creator of Bitcoin used an early format P2P.K. and public key. Attackers can discover the key using brute force methods and steal the entire cryptocurrency, about a million BTC:
“As quantum computers become an increasingly credible threat, the Bitcoin community may consider freezing Satoshi coins or, more generally, setting a shutdown date for the format and freezing all assets on P2PK.”
Modern wallet addresses use the format P2PKN and have better security, since they publish only the hash of the key, and not the key itself, unlike wallets from the times of Satoshi Nakamoto (Satochi Nakamoto). If the huge cryptocurrency reserve of the blockchain creator is stolen by scammers, this could cause irreparable damage to the market and collapse the quotes of the first cryptocurrency, the businessman believes.
Earlier, Bloomberg Intelligence senior analyst Eric Balchunas said that there are now more coins under the management of companies providing spot Bitcoin ETFs than the creator of the first cryptocurrency, the anonymous Nakamoto.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
