Satoshi

Satoshi Nakamoto

Bitcoin

Quantum

Read

<p><strong>Key Points</strong>:</p>  
<ul class="wp-block-list">
 <li><em>Satoshi’s Bitcoin, stored in P2PK format, is at risk from quantum computing, raising concerns about its security.</em></li>  
 <li><em>Freezing P2PK UTXOs could mitigate the quantum threat, ensuring future cryptocurrency resilience.</em></li> 
</ul>  
<h5 class="wp-block-heading">Satoshi’s Bitcoin stash faces quantum threats due to the old P2PK format. Experts suggest freezing P2PK coins to safeguard against future quantum risks.</h5>  
<figure class="wp-block-image size-large"><img src="https://coincu.com/wp-content/uploads/2024/12/image-126-19-1024x576.jpg" alt="" class="wp-image-296222">
</figure>  
<h2 class="wp-block-heading" id="quantum-threats-to-satoshi-s-bitcoin">Quantum Threats to Satoshi’s Bitcoin</h2>  
<p>Satoshi Nakamoto’s early Bitcoin holdings, stored in the outdated Pay-To-Public-Key (P2PK) format, are now flagged as vulnerable to quantum computing threats. Unlike modern Bitcoin addresses, P2PK reveals public keys, giving potential attackers time to exploit them using future quantum advances. Experts like <a href="https://x.com/el33th4xor/status/1866235573503230357" target="_blank" rel="noopener noreferrer nofollow">Emin Gün Sirer</a> - Ava Labs founder believe this represents a major cryptographic risk.</p>  
<p>To counter these risks, the Bitcoin community may need to consider freezing Satoshi’s coins or implementing a sunset date for P2PK <a href="https://coincu.com/182899-trezor-puts-privacy-refusing-coinjoin-utxos/" target="_blank" rel="noopener noreferrer nofollow">UTXOs</a>. This measure could safeguard these early coins while preventing attackers from leveraging future quantum breakthroughs for financial gain. Discussions on quantum resistance are gaining traction as blockchain security evolves.</p>  
<p class="has-background" style="background-color:#222222"><strong>Read more: <a href="https://coincu.com/289108-new-satoshi-nakamoto-statue-unveiled/" target="_blank" rel="noopener noreferrer nofollow">New Satoshi Nakamoto Statue Unveiled at 3rd Annual Plan ₿ Forum</a></strong></p>  
<h2 class="wp-block-heading" id="freezing-bitcoin-to-combat-quantum-risks">Freezing Bitcoin to Combat Quantum Risks</h2>  
<p>Quantum computing advancements are raising alarms about Bitcoin security, particularly for coins stored using outdated cryptographic formats like P2PK. Emin Gün Sirer suggests that Satoshi’s 1 million Bitcoin, held in P2PK addresses, might need protective measures such as freezing or adding expiration dates to mitigate potential quantum exploits.</p>  
<p>Quantum computing advancements are raising alarms about Bitcoin security, particularly for coins stored using outdated cryptographic formats like P2PK. Emin Gün Sirer suggests that Satoshi’s 1 million Bitcoin, held in P2PK addresses, might need protective measures such as freezing or adding expiration dates to mitigate potential quantum exploits.</p>  
<figure class="wp-block-table">
 <table class="has-luminous-vivid-orange-color has-text-color has-link-color">
  <tbody>
   <tr>
    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
   </tr>
  </tbody>
 </table>
</figure>  <a href="https://coincu.com/?p=296221" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Satoshi Bitcoin Quantum Threat Raises Concerns Over P2PK Coins

Table of Contents

Coincu

Other articles published on Dec 10, 2024

Captain Faibik Predicts a $10K Ethereum Price, Dogecoin Indicators Signal Bullish Momentum As Int...

CryptoAutos Announces TGE for $AUTOS Token Following Sold-Out Public Sale

KuCoin Lists Ponchiqs (PONCH): Enriching Blockchain Entertainment with Meta-Universe

MicroStrategy Acquires 21,550 BTC in December, Cementing Its Position as the Largest Corporate Bi...

XRP Surges to All-Time High, Becomes the Third Largest Cryptocurrency by Market Cap

Dogecoin and Shiba Inu Lead Meme Coin Growth As Investors Buy Into Lunex Network

Join our free newsletter for daily crypto updates!