Ava Labs founder suggests freezing Satoshi Nakamoto’s 1 million Bitcoins amid risk of quantum computing development

PANews December 10 news, Ava Labs founder and CEO said on the X platform that Satoshi Nakamoto's 1 million bitcoins may have quantum threat issues. Early Bitcoin used a very old Pay-To-Public-Key format, which leaks the public key and gives attackers time to delve into it, which is the source of all crypto bounties. Modern Bitcoin wallets or modern systems such as Avalanche do not use P2PK, but it did exist in the early stages of Bitcoin. Therefore, as the quantum threat intensifies, the Bitcoin community may need to consider freezing Satoshi Nakamoto's 1 million bitcoins, or more generally, providing a final date and freezing all bitcoins on P2PK UTXO.

Earlier today, Google announced progress in quantum computing, completing a calculation that would take a supercomputer 10 to the 25th power years in less than five minutes .

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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