The Protocol: Bitcoin proposal that could freeze quantum-related coins
Summary
Bitcoin developers are considering a proposal, BIP-361, to defend against future quantum computers that could compromise the blockchain. This proposal, titled "Post Quantum Migration and Legacy Signature Sunset," could require Bitcoin holders to migrate their coins to new quantum-resistant addresses. Failure to do so may result in their coins being permanently frozen by the network, though they would technically still "own" them. This measure is being discussed following a Google report suggesting quantum machines might require less power than anticipated to break Bitcoin's security, with some experts citing 2029 as a potential quantum deadline.
(Source:CoinDesk)