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Ava Labs founder: Satoshi Nakamoto's 1 million Bitcoins may have quantum threat issues

Ava Labs founder: Satoshi Nakamoto's 1 million Bitcoins may have quantum threat issues

CointimeCointime2024/12/10 02:44
By:Cointime

According to a report, Ava Labs founder Emin Gün Sirer tweeted that Satoshi Nakamoto's 1 million bitcoins may be vulnerable to quantum threats. Early bitcoins used the very old Pay-To-Public-Key format, which leaked the public key and gave attackers time to study it, making it the source of all cryptographic bounties. Modern bitcoin wallets or modern systems like Avalanche do not use P2PK, but it did exist in the early stages of bitcoin. Therefore, as quantum threats intensify, the bitcoin community may need to consider freezing Satoshi Nakamoto's 1 million bitcoins, or more generally, providing a final date and freezing all bitcoins on P2PK UTXO.

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