The $1.3 Trillion Bitcoin Security Challenge: Initiatives to Safeguard Against Quantum Computing Threats
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. Developers are considering multiple proposals to mitigate this threat, including BIP 360, which removes public keys from the blockchain, and hash-based post-quantum signature schemes like SPHINCS+ and SLH-DSA. Other initiatives, …