Bitcoiners push for quantum-resistant BIP-360 upgrade as debate heats up

cointelegraph2025-12-18 tarihinde yayınlandı2025-12-18 tarihinde güncellendi

Özet

A group of Bitcoin advocates and fund managers is urging the network to accelerate the adoption of quantum-resistant cryptography, citing BIP-360 as a potential solution. Proponents like Charles Edwards of Capriole warn that a significant portion of Bitcoin could be vulnerable to quantum attacks within years and argue for a migration deadline by 2028. However, critics including Adam Back of Blockstream dismiss these concerns as premature, stating quantum threats are “decades away” and emphasizing that Bitcoin doesn’t rely on encryption vulnerable to near-term quantum breaks. Debate continues as Taproot adoption declines, possibly reflecting user anxiety, while alternative quantum-resistant signature schemes like hash-based proposals from Blockstream Research gain attention.

A small but growing group of Bitcoin advocates and crypto fund managers is urging the network to accelerate work on quantum-resistant signatures, arguing that the perception of a future “quantum threat” could become a market risk long before it becomes a practical one.

Some supporters are pointing to a draft Bitcoin Improvement Proposal known as BIP-360, which would introduce a post-quantum signature option for Bitcoin addresses that could be vulnerable to future advances in quantum computing.

The implementation must be finalized and deployed in 2026, said Charles Edwards, the founder of quantitative Bitcoin (BTC) and digital asset fund Capriole.

However, the implementation of the new standard would require wider consensus among hardware wallet providers, node operators and cryptocurrency exchanges, added Capriole in a Thursday X post. Around “20-30% of Bitcoin will be taken by a quantum hacker in the next few years,” Edwards said. “I believe we should burn all coins that do not migrate to BIP-360 by 2028.”

Source: Charles Edwards

Related: Bitcoin treasuries stall in Q4, but largest holders keep stacking sats

However, other industry watchers see quantum computing as a short-term risk for Bitcoin’s price.

“Pro-tip for quantum FUD promoters. Bitcoin does not use encryption. Get your basics right, or it’s a tell,” wrote Adam Back, co-founder and CEO of Blockstream, and the inventor of Hashcash, in a Thursday X post, adding that the quantum computing threat is still “decades away.”

Samson Mow, the CEO of Bitcoin technology company Jan3, also mocked the idea of early quantum computing threatening the Bitcoin network.

“Quantum computing can’t even factor 21, yet people are panic selling because they think it will kill Bitcoin,” wrote Mow in a Wednesday X post.

Related: Bitcoin investor loses retirement fund in AI-fueled romance scam

Taproot questions and competing proposals

Bitcoin’s latest Taproot format, which is perceived as quantum vulnerable, is declining in usage, from 42% of transactions in 2024 to just 20%, signaling that users may be worried about Bitcoin's quantum threat.

Source: Willy Woo

“I’ve NEVER seen the latest format losing adoption before. Taproot is Quantum Vulnerable, while older SegWit and Legacy are not,” wrote Bitcoin analyst Willy Woo, in a Wednesday X post.

Bitcoin’s Taproot update is the most important upgrade the cryptocurrency has experienced since 2017, when Segregated Witness (SegWit) was activated. Taproot aimed to upgrade the privacy and efficiency of the Bitcoin network.

Meanwhile, Back, one of the leading cryptographers, proposed a new hash-based signature scheme as a promising post-quantum alternative for Bitcoin, where security would rely solely on hash function assumptions similar to the ones currently used in the Bitcoin network’s design.

Hash-based signature schemes for Bitcoin, research paper. Source: Blockstream Research

Hash-based signature schemes like ECDSA and Schnorr signatures “offer a promising path for securing Bitcoin in a post-quantum world,” according to the paper released by Back’s Blockstream Research on Dec. 5.

The Elliptic Curve Digital Signature Algorithm (ECDSA) uses elliptic-curve cryptography to verify the authenticity and integrity of a message. Schnorr signatures are another signature scheme praised for enhancing privacy and reducing data size, due to their ability to combine multiple signatures into one.

Magazine: Bitcoin vs. the quantum computer threat — Timeline and solutions (2025–2035)

Trend Kriptolar

İlgili Sorular

QWhat is the main purpose of the proposed BIP-360 upgrade for Bitcoin?

AThe main purpose of the proposed BIP-360 upgrade is to introduce a post-quantum signature option for Bitcoin addresses, making them resistant to potential future attacks from advanced quantum computers.

QAccording to Charles Edwards, by when must the quantum-resistant implementation be deployed, and what is his proposal for non-migrated coins?

ACharles Edwards stated that the implementation must be finalized and deployed by 2026, and he proposed that all coins not migrated to BIP-360 by 2028 should be burned.

QWhy is Bitcoin's Taproot format considered a decline in usage significant, as noted by Willy Woo?

AThe decline in Taproot usage, from 42% of transactions in 2024 to just 20%, is significant because it is the first time a newer Bitcoin format has lost adoption. This signals that users may be concerned about Taproot's vulnerability to quantum threats, unlike older SegWit and Legacy formats.

QWhat alternative post-quantum solution did Adam Back and Blockstream Research propose for Bitcoin?

AAdam Back and Blockstream Research proposed a new hash-based signature scheme as a post-quantum alternative. This scheme's security relies solely on hash function assumptions, similar to those already used in Bitcoin's design, with ECDSA and Schnorr signatures being highlighted as promising paths.

QWhat are the differing views on the immediacy of the quantum computing threat to Bitcoin, as presented in the article?

AThe article presents differing views: Charles Edwards and others see it as a near-term market risk, urging immediate action. In contrast, Adam Back and Samson Mow consider the quantum threat to be decades away or currently insignificant, with Mow mocking the idea that quantum computing, which 'can't even factor 21,' is a reason for panic selling.

İlgili Okumalar

STRC Major De-pegging's First Financial Report, How Will Strategy Repair Its Capital Flywheel?

Bitcoin treasury company Strategy released its Q2 2026 earnings report on July 31. Despite a 6.9% year-over-year revenue increase to $122 million, the company recorded a net loss of $8.22 billion, largely due to $8.32 billion in unrealized losses from Bitcoin price fluctuations. As of quarter-end, Strategy holds 843,775 BTC with an average cost of $75,000 per coin, and Bitcoin per share increased. The report highlights a critical shift in Strategy's capital model following the de-pegging of its key financing tool, STRC (Strategic Coin), which fell below its $100 target. Management's top priority is restoring STRC to its target value, aiming for a recovery by September 8. They rule out discounted STRC issuances and plan to maintain its dividend yield at 12%, instead focusing on bolstering its $3.75 billion cash reserve. Strategy has moved from a one-way "buy-and-hold" Bitcoin strategy to active capital management. This new approach, part of its "Digital Credit Capital Framework," involves flexibly managing its balance sheet across four elements: BTC, USD cash, common stock (MSTR), and digital credit securities like STRC. This allows for BTC monetization (having sold $218.4 million in BTC so far), strategic repurchases of discounted securities, and debt optimization, as seen with a $1.5 billion convertible bond buyback. The company's future hinges on two key tests: successfully re-pegging STRC to restore market confidence in its digital credit system, and a long-term recovery in Bitcoin's price to ultimately support its growth thesis.

marsbit33 dk önce

STRC Major De-pegging's First Financial Report, How Will Strategy Repair Its Capital Flywheel?

marsbit33 dk önce

STRC's First Financial Report Post-Depegging, How is Strategy Restoring the Capital Flywheel?

On July 31, 2026, Bitcoin treasury company Strategy released its Q2 financial report. Despite a 6.9% year-over-year increase in revenue to $122 million, the company recorded a substantial net loss of $8.22 billion, primarily due to $8.32 billion in unrealized losses from Bitcoin holdings. While Strategy's core Bitcoin strategy remains intact—its holdings grew 11% to 843,775 BTC—the company is undergoing a fundamental shift in its capital model. Following the de-pegging of its key financing tool, the STRCoin (STRC), from its $100 target in May, Strategy has pivoted from a one-directional "raise funds, buy Bitcoin" cycle to a more dynamic, multi-asset capital management approach. A key part of this new framework is the "Monetization Program," through which Strategy has sold approximately $218.4 million worth of BTC to bolster liquidity. The company's top priority is repairing STRC's peg, committing not to issue discounted shares until it returns to its target range. It has initiated a $1 billion buyback program for discounted digital credit securities, having repurchased $28.9 million face value of STRC so far. Management aims to restore the peg around September 8, 2026. Strategy now actively manages a matrix of assets: Bitcoin (for accumulation or strategic sales), USD cash reserves (now at $3.75 billion), common stock (MSTR), and digital credit securities like STRC. This allows for tactical moves like repurchasing discounted debt or equity to capture value. The future success of Strategy's "capital flywheel" hinges on two factors: the short-term ability to successfully re-peg STRC to restore market confidence in its digital credit system, and the long-term price trajectory of Bitcoin, upon which its entire investment thesis ultimately depends.

Odaily星球日报38 dk önce

STRC's First Financial Report Post-Depegging, How is Strategy Restoring the Capital Flywheel?

Odaily星球日报38 dk önce

With Two Consecutive Quarters of Losses, Coinbase Must Rely on Paths Beyond Trading

Coinbase posted its second consecutive quarterly net loss of $359 million on $1.22 billion in revenue for Q2, highlighting its vulnerability to crypto market cycles where weaker prices and lower volatility reduce user trading. However, the report also reveals a strategic shift in its business model. Despite a 25% quarter-over-quarter decline in global spot trading volume, Coinbase increased its market share to a company-record 10.3%. This suggests its position as a compliant U.S. on-ramp is strengthening even in a cooler market. A key development is the diversification of revenue streams. Transaction revenue fell to $599 million, nearly equaling subscription and services revenue of $555 million. Stablecoin services, generating $292 million, are becoming a crucial revenue "floor." This income, derived from interest on the $20 billion average USDC balance held on its platform, is less tied to daily trading activity. Furthermore, while spot trading volume dropped significantly, derivatives volume held steady at $1.03 trillion. Coinbase is pushing to integrate spot, stablecoin, and derivatives liquidity to create a more interconnected and sticky ecosystem for users. The GAAP net loss includes non-cash expenses like stock-based compensation and crypto asset valuation changes. Its adjusted EBITDA remained positive at $208 million for the 14th straight quarter, indicating core operations can cover ongoing costs. The company is also reducing expenses to manage the downturn. The central question moving forward is whether Coinbase's growing market share, stablecoin revenues, and expanding product integration can sufficiently offset the inherent cyclicality of its core trading business during future market contractions.

marsbit53 dk önce

With Two Consecutive Quarters of Losses, Coinbase Must Rely on Paths Beyond Trading

marsbit53 dk önce

İşlemler

Spot

Popüler Makaleler

PUSH Nasıl Satın Alınır

HTX.com’a hoş geldiniz! Push Protocol (PUSH) satın alma işlemlerini basit ve kullanışlı bir hâle getirdik. Adım adım açıkladığımız rehberimizi takip ederek kripto yolculuğunuza başlayın. 1. Adım: HTX Hesabınızı OluşturunHTX'te ücretsiz bir hesap açmak için e-posta adresinizi veya telefon numaranızı kullanın. Sorunsuzca kaydolun ve tüm özelliklerin kilidini açın. Hesabımı Aç2. Adım: Kripto Satın Al Bölümüne Gidin ve Ödeme Yönteminizi SeçinKredi/Banka Kartı: Visa veya Mastercard'ınızı kullanarak anında Push Protocol (PUSH) satın alın.Bakiye: Sorunsuz bir şekilde işlem yapmak için HTX hesap bakiyenizdeki fonları kullanın.Üçüncü Taraflar: Kullanımı kolaylaştırmak için Google Pay ve Apple Pay gibi popüler ödeme yöntemlerini ekledik.P2P: HTX'teki diğer kullanıcılarla doğrudan işlem yapın.Borsa Dışı (OTC): Yatırımcılar için kişiye özel hizmetler ve rekabetçi döviz kurları sunuyoruz.3. Adım: Push Protocol (PUSH) Varlıklarınızı SaklayınPush Protocol (PUSH) satın aldıktan sonra HTX hesabınızda saklayın. Alternatif olarak, blok zinciri transferi yoluyla başka bir yere gönderebilir veya diğer kripto para birimlerini takas etmek için kullanabilirsiniz.4. Adım: Push Protocol (PUSH) Varlıklarınızla İşlem YapınHTX'in spot piyasasında Push Protocol (PUSH) ile kolayca işlemler yapın.Hesabınıza erişin, işlem çiftinizi seçin, işlemlerinizi gerçekleştirin ve gerçek zamanlı olarak izleyin. Hem yeni başlayanlar hem de deneyimli yatırımcılar için kullanıcı dostu bir deneyim sunuyoruz.

712 Toplam GörüntülenmeYayınlanma 2024.12.13Güncellenme 2026.06.02

PUSH Nasıl Satın Alınır

Tartışmalar

HTX Topluluğuna hoş geldiniz. Burada, en son platform gelişmeleri hakkında bilgi sahibi olabilir ve profesyonel piyasa görüşlerine erişebilirsiniz. Kullanıcıların PUSH (PUSH) fiyatı hakkındaki görüşleri aşağıda sunulmaktadır.

活动图片