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New Proposal Allows Satoshi Nakamoto to Prove Control Over Bitcoin Without Transferring Funds
Concerns over quantum computing have long been intertwined with the issue of Satoshi Nakamoto's dormant bitcoin holdings. Approximately 1.1 million bitcoin, valued at around $84 billion and attributed to the pseudonymous creator, remain vulnerable to theft should sufficiently powerful quantum computers emerge. This vulnerability also applies to millions of other bitcoin stored in older wallets wi…
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 Bitcoin Quantum Proposal Offers Solution for Proving Control Without Moving Funds
Quantum computing concerns have long posed a challenge for Bitcoin, particularly with regards to the vast amounts of bitcoin held in older wallets with exposed public keys, including those attributed to Satoshi Nakamoto, worth around $84 billion. To address this, a proposed soft fork, or upgrade to existing network rules, would eventually stop allowing transactions from these legacy address typ…
May 2, 2026, 6:24 a.m.
Tech
New Quantum Proposal Provides Satoshi Nakamoto with a Secure Way to Verify Control Over Bitcoin Without Transferring Funds
Concerns surrounding the impact of quantum computing on Bitcoin have long been intertwined with the enigma of Satoshi Nakamoto. Millions of bitcoins, including approximately 1.1 million attributed to Satoshi, currently valued at around $84 billion, are stored in old wallets with exposed public keys, rendering them susceptible to theft by sufficiently powerful quantum computers. The obvious soluti…
May 2, 2026, 6:24 a.m.
Tech
New Bitcoin Proposal Offers Alternative to Prove Control Over Vulnerable Keys
The threat of quantum computing to Bitcoin has long been intertwined with the enigma of Satoshi Nakamoto. Millions of bitcoins, including those attributed to Nakamoto, are at risk due to exposed public keys. A proposed soft fork, BIP-361, aims to phase out legacy addresses, but this would require dormant holders like Satoshi to publicly move their assets or risk losing them. Dan Robinson of Parad…
May 2, 2026, 6:24 a.m.
Tech
New Bitcoin Proposal Offers a Solution for Proving Control Without Moving Funds
Concerns over quantum computing have long plagued Bitcoin, with millions of coins in old wallets with exposed public keys at risk of theft if powerful quantum computers emerge. This includes the approximately 1.1 million bitcoin attributed to Satoshi Nakamoto, currently valued at around $84 billion. A proposed solution involves a soft fork that would phase out vulnerable address types, forcing ho…
May 2, 2026, 6:24 a.m.
Tech
New Quantum Proposal Offers Satoshi a Way to Prove Control Over Bitcoin Without Transferring Funds
Concerns over quantum computing have long plagued Bitcoin, with a particular issue at its core. Millions of bitcoins, including the approximately 1.1 million attributed to Satoshi Nakamoto, currently valued at around $84 billion, are stored in old wallets with exposed public keys, making them susceptible to theft by powerful quantum computers. The obvious solution is a soft fork that would eventu…
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 Solution for Bitcoin Holders to Prove Control Without Exposing Assets
Concerns surrounding the impact of quantum computing on bitcoin have long been intertwined with the issue of Satoshi Nakamoto's holdings. Approximately 1.1 million bitcoins, valued at around $84 billion and attributed to the cryptocurrency's pseudonymous creator, remain vulnerable to potential theft by powerful quantum computers due to their storage in outdated wallets with exposed public keys. T…
May 2, 2026, 6:24 a.m.
Tech
New Proposal Enables Bitcoin Holders to Prove Control Without Transferring Funds
Concerns over quantum computing have long plagued Bitcoin, with a significant issue being the potential theft of millions of bitcoin stored in old wallets with exposed public keys. This includes the approximately 1.1 million bitcoin attributed to Satoshi Nakamoto, valued at around $84 billion. One proposed solution is a soft fork that would phase out legacy address types, forcing holders to move …
May 2, 2026, 6:24 a.m.