{ }
Very Negative
Negative
Neutral
Positive
Very Positive
2025-01-062025-01-061111100
Download SVG
Download PNG
Download CSV
Somewhat Relevant
Moderately Relevant
Very Relevant
Highly Relevant
2025-01-062025-01-061111100
Download SVG
Download PNG
Download CSV
Solana has introduced the Winternitz Vault, a quantum-resistant security feature designed to protect user funds from potential threats posed by quantum computing. Utilizing hash-based signature technology, this optional vault generates new cryptographic keys for each transaction, enhancing security against coordinated quantum attacks. As the cryptocurrency industry grapples with the implications of quantum advancements, Solana's proactive approach may set a benchmark for future blockchain security measures.
The Wall Street Journal has raised concerns about the potential threat of quantum computing to Bitcoin, labeling it a "time bomb" that could compromise its security within a decade. A study suggests that a quantum hack could lead to over $3 trillion in losses across financial markets, with 1.72 million BTC at risk due to exposed public keys. While experts acknowledge the looming threat, they emphasize that there is still time to develop quantum-resistant cryptography to safeguard the crypto industry.
Avalanche Foundation has secured $250 million in a funding round led by Galaxy Digital, Dragonfly, and ParaFi Capital, marking one of the largest fundraising efforts in the crypto sector since 2022. This investment will support the upcoming "Avalanche9000" upgrade, which aims to lower blockchain deployment costs through a subscription model. The platform continues to gain traction in gaming and finance, with significant expansions from major funds like BlackRock's USD Institutional Digital Liquidity Fund.
The crypto market is buzzing with activity as Solana aims for a $420 valuation following its latest upgrade, enhancing transaction efficiency and scalability. Avalanche is also gaining traction, with expectations for AVAX to rise to $62.72 amid positive market sentiment and strategic discussions. Meanwhile, BlockDAG's X1 Miner app has attracted over 270,000 users, revolutionizing mobile mining and showcasing significant profit potential, positioning it as a top trending crypto to watch in 2024.
Emin Gün Sirer, founder of Avalanche, has proposed freezing 1 million Bitcoins, believed to be linked to Satoshi Nakamoto, due to potential vulnerabilities posed by quantum computing. These early coins, using the outdated Pay-to-Public-Key format, could be at risk if quantum technology advances. While some support the idea as a precautionary measure, critics argue it undermines Bitcoin's core principles of decentralization and ownership.
Ava Labs founder Emin Gün Sirer has raised concerns about the security of Satoshi Nakamoto's one million Bitcoin, which are at risk due to the outdated Pay-to-Public-Key (P2PK) format. This method exposes public keys, making them vulnerable to quantum computing attacks. Sirer suggests that the Bitcoin community should either freeze these coins or sunset all P2PK unspent transaction outputs to mitigate potential threats as quantum technology advances.
Google's new quantum chip, Willow, boasts 105 qubits and significantly reduced error rates, raising concerns in the crypto community about Bitcoin's security. Early Bitcoin transactions, using a vulnerable public key format, could be at risk if quantum computing advances further. However, experts believe Bitcoin remains secure for now, as current quantum capabilities are insufficient to crack its cryptography faster than transaction confirmation times.
Google's Willow quantum chip, introduced by CEO Sundar Pichai, marks a significant advancement in quantum computing with 105 qubits and error reduction capabilities. This breakthrough has sparked discussions in the crypto community regarding Bitcoin's cryptographic security, highlighting the urgent need for post-quantum encryption within the next decade. Experts assert that while Bitcoin remains secure for now, proactive measures are necessary, especially for early-minted coins using the vulnerable Pay-to-Public-Key format.
Ava Labs co-founder Emin Gün Sirer has raised concerns about the vulnerability of early Bitcoin holdings to quantum computing attacks, particularly those stored in Pay-to-Public-Key format. While current quantum capabilities do not pose an immediate threat, advancements like Google's Willow chip could eventually undermine Bitcoin's encryption, potentially putting trillions in cryptocurrency assets at risk. Sirer suggests freezing Satoshi's coins or setting a sunset date for P2PK transactions as possible mitigations.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.