TechFlow news — On December 12, according to DL News, Blockstream researchers Mikhail Kudinov and Jonas Nick proposed in a revised paper released on December 5 that hash-based signature technology could be the key solution to protect the $1.8 trillion Bitcoin blockchain from threats posed by quantum computers.
The researchers argue that hash-based signatures are a compelling post-quantum solution because their security relies entirely on mechanisms similar to the hash function assumptions already present in Bitcoin's design. This approach has undergone extensive cryptanalysis during the U.S. National Institute of Standards and Technology (NIST)'s post-quantum standardization process, enhancing confidence in its robustness.
It is estimated that older Pay-To-Public-Key Bitcoin wallets created before 2012—including Satoshi Nakamoto's holdings worth $98 billion—contain approximately $600 billion worth of Bitcoin and would be the first to face risks from quantum computing.
