| | Many blockchains assume a future upgrade to post quantum security will simply protect everyone. That assumption breaks down for coins in wallets that can no longer sign anything. Lost keys. Abandoned wallets. People who have died. Early miner rewards. Any address type that has already revealed its public key. These holdings cannot upgrade and they cannot defend themselves. Bitcoin is a prime example. Some of the earliest coins use P2PK address formats where the public key is already visible on chain. If a quantum computer becomes capable of breaking ECDSA, those coins are immediate targets. Taproot becomes exposed as soon as it receives funds. Legacy and SegWit have time based protection only because their public key is revealed when spending. Here is a summary of current situation: If practical quantum computers appear before a coordinated migration, dormant and unmaintained coins are the first in line to be drained. They are easy to identify and impossible to secure. Key questions for long term holders and protocol developers: • What happens when keys cannot be rotated? This is not a fringe scenario. It is a structural risk and it deserves serious attention. [link] [comments] |
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments