List of Flash News about Schnorr BIP340
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01:28 |
Bitcoin (BTC) Quantum-Resistant Upgrade Urgency by 2026: Charles Edwards Issues Warning for Traders
According to @caprioleio, Bitcoin must be upgraded to be quantum-proof by 2026, with a warning of severe consequences if no upgrade occurs. Source: https://twitter.com/caprioleio/status/1972473521730462153 The post sets a concrete 2026 timeline for quantum risk management around BTC’s signature schemes, signaling a near-term governance and security focus for market participants. Source: https://twitter.com/caprioleio/status/1972473521730462153 Bitcoin’s current signatures use ECDSA and Schnorr (BIP340) over secp256k1, both based on the discrete logarithm problem that Shor’s algorithm would break on a sufficiently large fault-tolerant quantum computer, underscoring why post-quantum migration is being standardized globally. Source: https://developer.bitcoin.org/devglossary.html#term-ecdsa https://github.com/bitcoin/bips/blob/master/bip-0340.mediawiki https://csrc.nist.gov/projects/post-quantum-cryptography |