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Revolutionary Bitcoin Proposal Enables Satoshi Nakamoto to Verify Control Without Transferring Funds
The specter of quantum computing has long posed a challenge for Bitcoin, with a significant amount of the cryptocurrency, including approximately 1.1 million bitcoin linked to its pseudonymous creator Satoshi Nakamoto, valued at around $84 billion, potentially at risk due to exposed public keys in old wallets. A proposed soft fork, or upgrade to the existing network rules, could eventually render…
May 2, 2026, 6:24 a.m.
Tech
New Quantum Proposal Offers Solution for Bitcoin Holders to Prove Ownership Without Exposing Assets
Concerns surrounding Bitcoin's vulnerability to quantum computing have long been intertwined with the enigma of Satoshi Nakamoto. Millions of bitcoins, including the approximately 1.1 million attributed to the pseudonymous creator, worth around $84 billion, are stored in outdated wallets with exposed public keys, rendering them susceptible to theft by powerful quantum computers. The apparent solu…
May 2, 2026, 6:24 a.m.
Tech
New Bitcoin Quantum Proposal Enables Satoshi Nakamoto to Prove Ownership Without Transferring Funds
Concerns over quantum computing have long been a challenge for Bitcoin, particularly with regards to the vast amount of bitcoin held in older wallets with exposed public keys, including those attributed to the cryptocurrency's creator, Satoshi Nakamoto, valued at around $84 billion. A potential solution involves implementing a soft fork that would eventually prevent transactions from these legacy…
May 2, 2026, 6:24 a.m.
Tech
New Quantum Proposal Offers Solution for Bitcoin's Satoshi Conundrum
The Bitcoin network has long been concerned about the potential risks posed by quantum computing, particularly with regards to the vast amounts of bitcoin held in older wallets with exposed public keys. This includes the approximately 1.1 million bitcoin linked to the pseudonymous creator Satoshi Nakamoto, currently valued at around $84 billion. A potential solution involves implementing a soft f…
May 2, 2026, 6:24 a.m.
Tech
New Bitcoin Proposal Offers Solution for Proving Control Without Moving Funds
The issue of quantum computing has long been a concern for Bitcoin, with a significant problem being the potential theft of millions of bitcoins stored in outdated wallets with exposed public keys. This includes the approximately 1.1 million bitcoins attributed to Satoshi Nakamoto, valued at around $84 billion. A proposed solution involves implementing a soft fork to phase out vulnerable address …
May 2, 2026, 6:24 a.m.
Tech
New Bitcoin Proposal Offers Solution for Proving Ownership Without Revealing Identity
The concern over quantum computing has long been a challenge for Bitcoin, particularly for the millions of coins held in older wallets with exposed public keys, including those attributed to the cryptocurrency's creator, Satoshi Nakamoto. A recent proposal by prominent developer Jameson Lopp and others, known as BIP-361, suggests phasing out quantum-vulnerable addresses over a five-year period, w…
May 2, 2026, 6:24 a.m.
Tech
New Proposal Offers Satoshi Nakamoto a Way to Prove Bitcoin Control Without Revealing Identity
Concerns surrounding Bitcoin's vulnerability to quantum computing have long been tied to the issue of Satoshi Nakamoto's holdings. Approximately 1.1 million bitcoin, worth around $84 billion and attributed to the pseudonymous creator, are at risk of being stolen by powerful quantum computers due to exposed public keys in old wallets. The straightforward solution is a soft fork that phases out the…
May 2, 2026, 6:24 a.m.
Tech
New Quantum Proposal Offers Solution for Bitcoin's Satoshi Conundrum
Concerns over quantum computing have long plagued Bitcoin, with millions of coins in old wallets exposed to potential theft. A proposed soft fork could phase out vulnerable addresses, but this would require dormant holders like Satoshi to publicly move their assets or risk losing them. In response, Dan Robinson of Paradigm has introduced a concept called Provable Address-Control Timestamps, or PA…
May 2, 2026, 6:24 a.m.
Tech
A New Proposal Offers a Solution for Proving Control Over Bitcoin Without Moving Funds
Concerns over quantum computing have long plagued Bitcoin, with a significant problem being the potential theft of millions of bitcoin in old wallets with exposed public keys, including those attributed to Satoshi Nakamoto. A proposed soft fork, or upgrade to existing network rules, could stop allowing transactions from these legacy addresses, but this would force holders, including Satoshi, to p…
May 2, 2026, 6:24 a.m.
Tech
New Proposal Offers Bitcoin Holders a Way to Prove Control Over Funds Without Compromising Security
Concerns over quantum computing have long plagued Bitcoin, with millions of coins in old wallets vulnerable to theft if powerful quantum computers emerge. This includes the approximately 1.1 million bitcoin linked to Satoshi Nakamoto, worth around $84 billion. To mitigate this, a soft fork could be implemented to phase out legacy address types, forcing holders to move to quantum-safe formats. How…
May 2, 2026, 6:24 a.m.