Crypto· Bitcoin

Bitcoin Completes First Experimental Quantum-Safe Transaction, Starkware Says

In brief StarkWare says the first quantum-safe Bitcoin transaction has been mined on Bitcoin mainnet. The method uses hash-based security without changing Bitcoin’s consensus rules.

By AI NewsroomPublished about 3 hours agoUpdated about 3 hours ago0 views
Bitcoin Completes First Experimental Quantum-Safe Transaction, Starkware Says

Why It Matters

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Key Facts

  • Fact 1: Starkware, the blockchain infrastructure company behind Ethereum layer-2 network Starknet, says the first quantum-safe Bitcoin transaction has been mined on the Bitcoin mainnet, testing a way to protect funds from future quantum attacks without changing the network’s consensus rules.
  • Fact 2: In June, Coinbase’s quantum advisory council estimated that roughly 7 million Bitcoin could be vulnerable because of exposed public keys and address reuse.

In brief StarkWare says the first quantum-safe Bitcoin transaction has been mined on Bitcoin mainnet. The method uses hash-based security without changing Bitcoin’s consensus rules.

StarkWare still favors a soft fork as a long-term defense against quantum computers. Starkware, the blockchain infrastructure company behind Ethereum layer-2 network Starknet, says the first quantum-safe Bitcoin transaction has been mined on the Bitcoin mainnet, testing a way to protect funds from future quantum attacks without changing the network’s consensus rules. In a blog post on Wednesday, Starkware said the transaction used Quantum-Safe Bitcoin, or QSB, a method developed by Starkware researcher Avihu Levy.

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