BTC Devs Float proposal will freeze addresses with quantity-even Satoshi Nakamoto’s
A new one Bitcoin Draft proposal Want to do what has long been unimaginable: Freeze coins that are secured by legacy cryptography -including those in the satoshi Nakamoto purse -before the computers can be cracked volume.
That is according to a new draft proposal written by Jameson Lopp and other crypto security researchers, which introduces a phased soft fork that turns the moving volume into a ticking clock. Failed to upgrade, and your coins will not be noticed.
This includes approximately 1.1 million BTCs tied to early pay-to-pubkey addresses, such as Satoshi and other early miners.
“This proposal is radically different from any of the history of Bitcoin as the threat obtained by Quantum Computing is radically different from any other threat to Bitcoin history,” those with -set explained as a motivation for the proposal. “Bitcoin has never faced an existing threat to its cryptographic primitives.”
“A successful volume attack on Bitcoin will result in significant economic disruption and damage to the entire ecosystem. Beyond its impact on price, miners’ ability to provide network security can be significantly affected,” they added.
The draft BIP outlines three stages:
Phase A: Prohibition of sending funds to the Legacy ECDSA/Schnorr address, nudging users towards formats that are in total such as P2QRH. (Starts 3 years after BIP-360 implementation)
Phase B: Make all legacy signatures in the consensus layer. Coins in volume-vulnerable addresses become permanent frost. (Kick within 2 years after phase A)
Phase c (Optional): Introduce a recovery path for stuck coins using zero-knowledge proof of BIP-39 seed properties. It can be a hard or soft fork.
But why now?
Bitcoin’s cryptography has never faced an existing threat and still not, except for pre-emptives that can target early wallets. Researchers have said that computers who have the ability to break the ECDSA may come as soon as 2027.
A CoinDesk can be surprised That a new study suggests that breaking RSA’s destruction on computers volume may require 20 times fewer resources than before thought.
Although Bitcoin uses elliptic curve cryptography, it remains vulnerable to volume attacks similar to RSA threatenings. Current quantities computer are not yet capable of damaging these scientific procedures, but research is rapidly moving forward.
Earlier in July, Eight legacy bitcoin wallets moved More than $ 8.5 billion worth of ‘Satoshi-era’ Bitcoin after 15 years of dormancy-sparking
That’s the red line for the LOPP and the team.
Around 25% of all Bitcoin exposed their public keys, they mean vulnerable to a “Q-Day” style attack. If the attacks are patient, they can use volume tools to silently drain the dormant wallets over time without trampling the alarms.
“Attackers can calculate the private key for well -known public keys after transferring all funds a week or month later, with a covert bleed so that the chain observers do not alert,” the draft proposal is stated. “The Q-day may be known only later if the attack prevents broadcast transactions to postpone the disclosure of their capabilities.”
The proposal is still in the draft stage and no BIP number yet. And it could be the only way Bitcoin survived a future volume.
Read more: Is crypto ready for Q-day?
