Post #11044

Addressing Quantum Threats: Developers Propose Freezing Legacy BTC Wallets A significant concern regarding quantum computing's potential to compromise Bitcoin's older cryptography (affecting 25% of all BTC, including Satoshi's estimated 1 million coins) has led to a radical proposal at the Quantum Bitcoin summit. The solution put forth aims to "freeze" these vulnerable coins. Authored as a BIP by Jameson Lopp of Casa, the plan includes: > Prohibiting transfers to older ECDSA/Schnorr addresses immediately. > Implementing a complete withdrawal block from these addresses after a five-year grace period. > Offering an optional recovery method for owners who can prove seed phrase ownership, ensuring no inflationary impact.