El Salvador has redistributed Bitcoin Reserve handles to 14 new purse addresses in keeping against potential volume computing threats.
“By splitting funds into smaller amounts, the impact of a potential volume attack is reduced,” El Salvador’s Bitcoin’s office Says In an X post Friday, added that every Bitcoin (Btc) The address holds up to 500 BTC.
Bitcoin’s office explained that once funds are spent from a Bitcoin address, its public keys are expressed and vulnerable – making it target for Quantum computers to cracked – if the technology develops into a significant future threat.
More than 6 million Bitcoin – costs nearly $ 650 billion – may be at risk If the quantity computers have become strong enough to cack the elliptic curve cryptography (ECC) key, Quantum Research Company Eleven projects said in April.
Onchain transfers are made
El Salvador had previously performed 6,274 Bitcoin Stash (worth $ 678 million) at a single address, but Blockchain data shows those funds moved to 14 new addresses on Friday.
The quantity is not a concern, so far
While El Salvador’s move was praised by the industry’s foundits, Project Eleven noted that the quantity of computing was still far from being able to hack bitcoin. A Bitcoin private key Contains 256-bits, and no computer running on the shor algorithm has managed to even crack a 3-bit key.
Michael Saylor, the architect behind the Strategy’s Bitcoin Playbook, said Quantum Computing’s threat to Bitcoin is just hype In June, adding that if this became a serious issue, the main protocol developers and hardware manufacturers would implement organizations.
“The answer is: Upgrading Bitcoin Network Hardware, upgrading Bitcoin Network software, such as (How) Microsoft, Google, the US government upgrading.”
El Salvador is still interrupting the IMF drama
El Salvador’s bitcoin Buyys was talked about after a funding report on international funds in July claimed that the Central American country did not do anything Bitcoin’s new purchase Since February.
Related: El Salvador’s Buklele reacted as $ 1B Bitcoin Holdings Bet rising in Milance
The country’s Bitcoin office did not directly address the claims and continued to post about its Bitcoin purchases at X.
El Salvador That -secure a $ 1.4 billion deal in funding From the IMF in December 2024 in exchange for the scale of Bitcoin initiatives, among other conditions – even terms appear to be under contention between the two parties.
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