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Bitcoin’s quantum migration plan forces the network to choose between frozen and stolen coins

CryptoSlate
Bitcoin Improvement Proposal 361 introduces a controversial phased migration to quantum-resistant signatures that risks freezing non-migrated coins to prevent quantum-based theft.

Summary

Bitcoin Improvement Proposal (BIP) 361 outlines a three-phase plan to transition the Bitcoin network to quantum-resistant cryptography by phasing out current signature formats. By forcing users to migrate or face having their assets frozen at the consensus layer, the proposal aims to protect the network against future quantum computing threats, specifically Shor's algorithm. However, this coercive approach has triggered significant debate among developers regarding the potential for preemptively destroying coins and the governance challenges of enforcing such deadlines on a decentralized network. The strategy contrasts sharply with Ethereum’s more gradual, layered migration and Tron's executive-led, fast-paced initiative.

(Source:CryptoSlate)