PANews July 16 news, according to Decrypt, Casa CTO Jameson Lopp, along with five developers, has proposed a Bitcoin Improvement Proposal (BIP) aiming to phase out quantum-vulnerable address types in response to the unprecedented threat that quantum computers pose to the security of Bitcoin private keys. The proposal will prohibit transfers to high-risk addresses and prevent such Bitcoins from being spent over the next five years, affecting about 25% of existing Bitcoins, including the 1 million owned by Satoshi Nakamoto. The proposal also suggests future recovery of frozen assets through new BIPs. Research shows that if a quantum attack is successful, the entire Bitcoin ecosystem could face significant economic impact.
