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PACTs: Quantum-Proof Bitcoin Protection

PACTs: Quantum-Proof Bitcoin Protection

Published 3 weeks, 1 day ago
Description

Paradigms Dan Robinson introduces PACTs, a new proposal to protect Bitcoin holders from quantum computer attacks. PACTs allow users to prove ownership of old, vulnerable wallets without moving their coins, using private proofs and on-chain timestamps. This solution requires a soft fork and new plumbing, but it respects dormant rights and could save billions in old wallets from potential theft.

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