Bitcoin expert Willy Woo has proposed using SegWit wallets as a temporary measure to protect Bitcoin from potential quantum computing threats. Woo suggests holding Bitcoin in SegWit-compatible addresses for about seven years until a quantum-safe protocol is developed. SegWit, implemented in 2017, conceals public keys until transactions are logged, potentially safeguarding them from quantum computers capable of breaking encryption.
While Woo acknowledges that Bitcoin held by ETFs and in cold storage could be quantum-resistant if custodians act, he also notes that quantum threats may not materialize until 2030 or later. However, Charles Edwards of Capriole argues that SegWit is not a sufficient protection model and stresses the need for immediate network upgrades to address potential vulnerabilities. Critics, including Michael Saylor, believe concerns over quantum computing are exaggerated, citing the technology's current limitations.
Willy Woo Proposes SegWit as Interim Solution to Quantum Bitcoin Threat
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