🚀 Arkham Platform Now Supports Bitcoin's P2PK Script Addresses
#Arkham #Bitcoin #P2PK #blockchain #cryptocurrency #SatoshiNakamoto #BTC
According to Odaily, Arkham announced on X that its platform now supports Bitcoin's P2PK script addresses. This update enables the display of the earliest transactions on the Bitcoin blockchain. Notably, the first-ever Bitcoin transaction was the mining of the genesis block by Satoshi Nakamoto.#Arkham #Bitcoin #P2PK #blockchain #cryptocurrency #SatoshiNakamoto #BTC
🚀 Quantum Computing's Impact on Cryptocurrency Security
#QuantumComputing #Cryptocurrency #Security #AvaLabs #EminGünSirer #Bitcoin #SatoshiNakamoto #P2PK #UTXOs #CryptoThreats #BTC
According to Foresight News, Ava Labs founder Emin Gün Sirer has commented on the recent advancements in quantum computing, stating that while these developments are impressive, they do not currently pose a threat to the security of cryptocurrencies. Sirer emphasized that, at least for now, the security of digital currencies remains intact despite the progress in quantum technology.
He addressed concerns regarding the potential quantum threat to Satoshi Nakamoto's one million bitcoins, which utilize an older pay-to-public-key (P2PK) format. This format reveals the public key, potentially giving attackers an opportunity. Sirer suggested that as quantum computing becomes more of a threat, the Bitcoin community might consider freezing Satoshi's tokens. More broadly, he proposed setting a shutdown date to freeze all tokens on P2PK UTXOs, ensuring the security of these assets against future quantum threats.#QuantumComputing #Cryptocurrency #Security #AvaLabs #EminGünSirer #Bitcoin #SatoshiNakamoto #P2PK #UTXOs #CryptoThreats #BTC
🚀 Bitcoin's Quantum Threat Misunderstood, Says OneKey Founder
#Bitcoin #QuantumComputing #OneKey #Yishi #P2PK #ECDSA #QuantumThreat #PostQuantumCryptography #BTC
OneKey founder Yishi recently addressed misconceptions regarding the so-called 'Google 2029 deadline' for quantum computing. According to PANews, Yishi clarified that this internal migration target is unrelated to when Bitcoin might be compromised by quantum computing, and linking the two is misleading.
Yishi refuted claims that 6.26 million BTC are at risk, explaining that only early P2PK addresses with long-exposed public keys are vulnerable. Standard addresses, if not reused, do not expose public keys, making the risk assessment exaggerated.
He further emphasized that Bitcoin relies on signatures rather than encryption, eliminating the possibility of a 'store now, break later' attack. Current quantum devices possess only a few thousand noisy qubits, whereas breaking ECDSA would require millions of stable qubits.
Yishi acknowledged the reality of the quantum threat but noted it is not imminent. The Bitcoin community is already advancing post-quantum cryptography solutions, and there is no need for panic.#Bitcoin #QuantumComputing #OneKey #Yishi #P2PK #ECDSA #QuantumThreat #PostQuantumCryptography #BTC