Bitcoin Developers Sound Alarm on Quantum Threat

Fears over the looming power of quantum computing have sparked a bold proposal from Casa CTO Jameson Lopp and a team of developers: introduce a quantum-resilient security layer for Bitcoin before it’s too late.

The proposal, unveiled in San Francisco, outlines a multi-step plan to shield the Bitcoin network from potential quantum hacks capable of cracking cryptographic keys. Among its most striking ideas is a move to freeze Satoshi Nakamoto’s long-dormant wallet holdings—estimated at 1 million BTC—to prevent their potential theft in a future where quantum decryption becomes reality.

Quantum algorithms like Shor’s pose a serious risk, and recent studies suggest up to 25% of all Bitcoin could be compromised within the next decade. If exploited, this could trigger widespread losses and destabilize the market.

Lopp’s plan includes banning deposits to legacy addresses, locking coins untouched for five years, and enabling recovery via quantum-proof digital signatures. He isn’t alone in this effort—alternative solutions like BIP 360 have also proposed layered post-quantum safeguards with varying levels of complexity and tradeoffs.

Still, upgrading Bitcoin’s infrastructure for quantum resistance would require significant changes. Larger signature sizes mean bulkier transactions and increased block space usage, raising concerns for miners and wallet providers alike.

Lopp warns the threat is approaching faster than many expect. “We can’t wait until it’s urgent,” he said. “We need to prepare now—before quantum goes from theoretical to destructive.”

Author

Alexander Stefanov

Reporter at Coindoo

Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.

Next article