Foresight News reports that Bitcoin developer Jameson Lopp has proposed a phased quantum-resistant migration plan, which outlines a phased approach to transitioning Bitcoin to a quantum-resistant format. This includes a first phase that starts three years after the implementation of BIP-360, prohibiting the sending of funds to traditional ECDSA/Schnorr addresses and encouraging users to adopt quantum-resistant address formats like P2QRH; the second phase, two years after the first phase, invalidates all legacy signatures on the consensus layer and freezes tokens on traditional addresses; an optional third phase introduces recovery pathways for frozen coins using zero-knowledge proofs. Researchers have warned that quantum computers capable of breaking Bitcoin encryption could emerge by 2027, posing a significant threat to the security of cryptocurrencies.

#BTC