New Bitcoin Proposal Aims to Protect Against Quantum Computing Threats

Recent news highlights a significant proposal in the Bitcoin community to defend against potential quantum computing threats. The proposed Bitcoin Improvement Proposal (BIP)-361, also known as "Post Quantum Migration and Legacy Signature Sunset," aims to migrate coins to quantum-resistant addresses to prevent potential theft. If implemented, holders who do not migrate their coins may face having them frozen by the network. This development comes as a recent Google report suggests that a powerful quantum computer could compromise the Bitcoin blockchain with less firepower than initially estimated, prompting some to speculate about a 2029 deadline for bitcoin's quantum readiness. Meanwhile, research warns that the infrastructure supporting AI agents handling crypto payments may not be secure, posing risks to users. In other news, CoW Swap, a decentralized trading interface, temporarily halted services due to a DNS hijacking incident, and the XRP Ledger has integrated zero-knowledge proofs to enable private transactions on the public blockchain, addressing a key barrier to institutional adoption.