This Bitcoin Developer’s Idea Would Make Quantum Attacks a Losing Bet
Summary
Bitcoin developer Cory Fields has proposed a new security concept to protect vulnerable wallets from future quantum computing attacks. Under this system, potential attackers would need to post collateral before attempting to access old addresses, allowing legitimate owners a chance to recover their funds and claim a financial penalty.
Cory Fields wants future quantum attackers to post Bitcoin as collateral before touching vulnerable wallets, giving prepared owners a chance to recover their coins and collect a potentially costly penalty.
Source: Read the full story at Decrypt
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