$BTC #bip360 #BitcoinNews

This new type of output protects transactions sent to the mempool and helps preserve the free market, avoiding the need for private transactions off the mempool.”

In January of this year, Torpey Kyle wrote in an article for Cointelgraph Magazine that “according to a 2022 study by Universal Quantum, which is a spin-off company associated with the University of Sussex, a quantum computer with 13 million qubits would take a day to decrypt a private key associated with a vulnerable Bitcoin address." Nvidia's CEO, Jensen Huang, has stated that “very useful quantum computers” are likely still twenty years away, implying that their real-world applications will be limited for some time. In a recent episode of ARK Investments' Bitcoin Brainstorm podcast, Blockstream co-founder and CEO Adam Back also dismissed those who claim that the quantum threat to Bitcoin is imminent.

The truth is that, apparently, the implementation of BIP360 represents a significant advance in protecting Bitcoin against the threat of quantum computing. By introducing quantum-resistant addresses (P2QRH) and allowing users to opt for post-quantum signature schemes, it is believed that transactions will be secure, even in a future where ECDSA cryptography may be compromised.

$UNI

$LINK