Bitcoin Developers Propose BIP-360 for Quantum-Resistant Address System
The Bitcoin community is exploring BIP-360, a proposal for a new address format, Pay-to-Merkle-Root (P2MR), to protect against future quantum computing threats. While quantum computers currently cannot break Bitcoin's cryptography, BIP-360 aims to secure the network in anticipation of advancements in quantum technology.
Approximately 6.51 million BTC, about 33% of the total supply, is in older address formats vulnerable to potential quantum attacks. Discussions also include a proposal suggesting a migration deadline for users to move funds from older formats to quantum-secure addresses, fostering debate over control and security. Despite the theoretical nature of quantum risks at present, the Bitcoin community is focusing on long-term security planning.
