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As developer Agustin Cruz suggests a bold solution to protect Bitcoin from the looming threat of quantum computing.
The proposal, titled “Quantum-Resistant Address Migration Protocol” (QRAMP), aims to safeguard Bitcoin by requiring users to migrate their funds to quantum-resistant wallets.
QRAMP Protects Bitcoin by Urging Users to Migrate to Quantum-Resistant Wallets
With quantum computers on the horizon, the security of current Bitcoin addresses could be at risk, potentially putting the entire network in jeopardy. As the saying goes, “better safe than sorry,” and this proposal offers a proactive approach to avoiding future problems.
Under QRAMP, users would be given a deadline to move their funds to wallets designed to withstand the power of quantum computers. If they fail to do so, the unspent transaction outputs (UTXOs) tied to their old addresses would be destroyed, effectively “burning” their coins. While this may sound extreme, it reflects the growing concern within the blockchain community about the potential risks posed by quantum technology.
NEW: A new Bitcoin Improvement Proposal (BIP) from developer Agustin Cruz suggests destroying unspent transaction outputs (UTXOs) to protect Bitcoin from potential
quantum computer attacks.
The proposal, “Quantum-Resistant Address Migration Protocol” (QRAMP), would require… pic.twitter.com/Awk6OY6vUV
— Bitcoin News (@BitcoinNewsCom) April 5, 2025
Quantum computers, which are capable of performing complex calculations much faster than traditional computers, have the potential to break the cryptographic algorithms that secure Bitcoin. If and when quantum computers become a reality, they could crack the encryption that protects user wallets, leaving Bitcoin vulnerable to theft and manipulation.
More About Crypto & Quantum
Cardano Founder Charles Hoskinson recently highlighted the impressive academic reach and depth of his project, stating, “We have one of the largest academic groups in the world.” With 168 scientists spanning institutions like Stanford and Tokyo Tech, Cardano has published 240 research papers.
JUST IN: #Cardano $ADA Founder Charles Hoskinson says “we have one of the largest academic groups in the world. 168 scientists work with us from Stanford to Tokyo Tech. We’ve written 240 papers. We have to work on industry-wide problems like how to mitigate a quantum adversary.” pic.twitter.com/0zjPrcOJwe
— Angry Crypto Show (@angrycryptoshow) February 26, 2025
Hoskinson emphasized that their work extends beyond just the Cardano ecosystem, focusing on industry-wide challenges, such as addressing the potential threats posed by quantum computing. His comments underline Cardano’s commitment to not only advancing blockchain technology but also tackling broader, future-facing issues in the tech space.
Disclaimer
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