New Bitcoin Proposal Aims to Safeguard Against Quantum Computing Threats

A significant proposal has been put forth in the Bitcoin community to protect against potential quantum computing threats. The plan, known as Bitcoin Improvement Proposal (BIP)-361, could lead to the freezing of coins in wallets that are not quantum-resistant. This move is a response to warnings that sufficiently powerful quantum computers could compromise the Bitcoin blockchain, potentially allowing for the theft of coins. In other news, research has highlighted the vulnerabilities of AI-powered payment systems, and a security breach was reported by CoW Swap, a decentralized trading interface. Additionally, the XRP Ledger has integrated zero-knowledge proofs, enabling private transactions on the public blockchain while meeting regulatory requirements.