BitMEX Research proposed an alternative solution to the freezing of quantum-vulnerable Bitcoins. It advocates a wait and see approach, as well as a “canary fund” Instead, you can get a bounty of quantum.
BitMEX Research proposed A soft fork will take place on Thursday. This would activate the full freezing of coins that are vulnerable only if this is successful. “proven that a quantum computer capable of stealing Bitcoins actually exists.”
It is an a “canary approach,” Bitcoins can be used to create a unique Bitcoin.BTCUse a'” to address a specific person “Nothing-Up-My-Sleeve Number” (NUMS). The private key of this cryptographic prove is not known, but the address is valid and could theoretically have been spent by an advanced quantum computer.
The address is a bounty for any quantum-capable actors. “ring the alarm” By spending money from that address. This canary addresses is the only address that automatically triggers the freezing, since it shows the quantum threat It’s real.
This solution is an alternative to BIP-361, which was proposed on Tuesday and suggested that dormant Bitcoins be frozen to protect them from future theft by criminals.
BIP-361 has drawn significant interest community pushbackSome people have called it “the sneeze” “authoritarian” You can also find out more about the following: “confiscatory.”
Canary Watch State prevents Automatic Freeze
BitMEX proposes “canary watch state” It would be possible to spend old coins, as long malicious actors who are using quantum computers to steal do not try to steal. “canary fund.”
It explained to investors that they can use Multisignatures, and can withdraw BTCs from the fund at any moment.
The BIP-361 proposal also includes a window of safety whereby quantum-vulnerable transaction could be permitted after five years, with the outputs being locked up for a certain period.
Related: Bitcoiners propose freezing quantum-vulnerable coins in BIP-361
“While this approach adds complexity and risk, given how controversial any coin freeze is, mitigating the impact of the freeze using this type of system may be worth consideration.”
This is an idea of a basic contingency plan.
Jameson Lopp is the co-author of BIP-361. said His Bitcoin Improvement Proposal was More of A “rough idea for a contingency plan” The activation of something is more than just a ready-made proposal.
“I know folks don’t like it. I don’t like it myself. I wrote it because I like the alternative even less,” He wrote about X Wednesday.
Cointelegraph reported that he told them it was an a “rough sketch” How to tackle the problem of a “looming circulating supply shock” If quantum computing progresses to the point where a consensus is reached on a post-quantum signing scheme, it will be added to Bitcoin.
Magazine: Nobody knows if quantum-secure cryptography will even work
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Source: cointelegraph.com
