According to Foresight News, Ava Labs founder Emin Gün Sirer has commented on the recent advancements in quantum computing, stating that while these developments are impressive, they do not currently pose a threat to the security of cryptocurrencies. Sirer emphasized that, at least for now, the security of digital currencies remains intact despite the progress in quantum technology.
He addressed concerns regarding the potential quantum threat to Satoshi Nakamoto's one million bitcoins, which utilize an older pay-to-public-key (P2PK) format. This format reveals the public key, potentially giving attackers an opportunity. Sirer suggested that as quantum computing becomes more of a threat, the Bitcoin community might consider freezing Satoshi's tokens. More broadly, he proposed setting a shutdown date to freeze all tokens on P2PK UTXOs, ensuring the security of these assets against future quantum threats.
