The $1.3 Trillion Bitcoin Security Challenge: Quantum-Proofing Initiatives
The emergence of quantum computers poses a significant threat to Bitcoin's security, with approximately 6.5 million tokens worth hundreds of billions of dollars at risk. To mitigate this threat, several initiatives are under consideration, including BIP 360, which removes public keys from the blockchain, and post-quantum signature schemes like SPHINCS+ and SLH-DSA. Other proposals, such as Tadge …