TechFlow News: On April 16, BitMEX Research published an article proposing an alternative soft fork to BIP-361. The proposal suggests freezing dormant bitcoins vulnerable to quantum attacks only after confirmation that a quantum computer capable of stealing bitcoins exists. The plan introduces a “canary fund” mechanism—a special Bitcoin address whose private key is unknown but theoretically crackable by a sufficiently powerful quantum computer—into which users may donate BTC as a bounty. If funds are spent from this address, it signals that the quantum threat has been confirmed, automatically triggering the freeze mechanism. BitMEX Research states that this proposal offers an alternative path to the more controversial BIP-361 proposal.
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