Bitcoin’s new quantum defenses, 18.9M SOL cancelled: Hodler’s Digest
Bitcoin embraces post quantum future Despite considerable skepticism among Bitcoiners about how close the quantum threat to Bitcoin actually is, two stories this week highlighted the progress being made toward upgrading the blockchain and protecting outputs from attack. StarkWare researcher Avihu Levy tested an experimental quantum-resistant transaction on the Bitcoin mainnet that protects it during the brief period when public keys are exposed in the mempool.
Why It Matters
This story touches on bitcoin, quantum, defenses — topics readers are actively tracking. Review and add editorial context before publishing.
Key Facts
- Fact 1: Onchain data shows that StarkWSare spent a 10,000-satoshi output protected by Levy’s Quantum Safe Bitcoin (QSB) scheme.
- Fact 2: While it works, it’s more of a last resort than a practical measure, as each transaction takes hours and costs between $150 to $200.
- Fact 3: On August 27, Blockstream researchers published a Bitcoin Improvement Proposal to upgrade Bitcoin with the SHRINCS signature scheme.
- Fact 4: The researchers slimmed down a huge, hash based post quantum signature by about 13.23 times — an impressive effort, but the SHRINCS signature is still at least nine times larger than Bitcoin’s existing signatures and comes with a bunch of trade offs.
Bitcoin embraces post quantum future Despite considerable skepticism among Bitcoiners about how close the quantum threat to Bitcoin actually is, two stories this week highlighted the progress being made toward upgrading the blockchain and protecting outputs from attack. StarkWare researcher Avihu Levy tested an experimental quantum-resistant transaction on the Bitcoin mainnet that protects it during the brief period when public keys are exposed in the mempool.
Onchain data shows that StarkWSare spent a 10,000-satoshi output protected by Levy’s Quantum Safe Bitcoin (QSB) scheme. It combines hash-based one-time signatures with computational searches that bind an authorization to a specific transaction. While it works, it’s more of a last resort than a practical measure, as each transaction takes hours and costs between $150 to $200.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
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Original source: Cointelegraph
Also reported by Cointelegraph — Bitcoin.