AmericanFortress, a privacy-focused blockchain startup, has proposed a soft fork to protect dormant Bitcoin, including Satoshi Nakamoto's 1.1 million BTC, from potential quantum computer attacks. The proposal aims to freeze these early coins, which are vulnerable due to their pay-to-public-key (p2pk) format, preventing them from being stolen by quantum decryption. This approach would not alter Bitcoin's supply but would require community consensus to implement.
The soft fork would tighten existing rules, rejecting transactions from legacy addresses unless they adopt a quantum-resistant scheme. While the immediate impact on Bitcoin's price is minimal, the proposal addresses the psychological concern of a potential $40 billion overhang. However, the plan faces challenges, including defining "dormant" coins and securing broad support from miners and nodes. The proposal highlights the ongoing debate between maintaining Bitcoin's immutability and adapting to emerging quantum threats.
AmericanFortress Proposes Soft Fork to Protect Satoshi's Bitcoin from Quantum Threats
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