CoinVoice has recently learned that, according to DL News, Blockstream researchers Mikhail Kudinov and Jonas Nick proposed in a revised paper published on December 5 that hash-based signature technology could be the key solution to protect the $1.8 trillion Bitcoin blockchain from threats posed by quantum computers.
Researchers believe that hash-based signatures are a compelling post-quantum solution, as their security relies entirely on mechanisms similar to the assumptions of hash functions already present in Bitcoin's design. This scheme has undergone extensive cryptanalysis during the post-quantum standardization process at the National Institute of Standards and Technology (NIST), enhancing the credibility of its robustness.
It is estimated that older Pay-To-Public-Key Bitcoin wallets created before 2012 (including Satoshi Nakamoto's holdings worth $98 billion) contain about $600 billion worth of Bitcoin, and these wallets will be the first to face the threat of quantum computers.[Original link]
