"Olaoluwa Osuntokun has built a working system that could allow users to recover funds from vulnerable wallets. The tool comes as developers continue to debate how bitcoin should respond to future advances in quantum computing."
"Bitcoin's security relies on cryptographic signatures. In theory, powerful quantum machines could break these signatures and expose private keys. To prepare, developers have proposed upgrades such as BIP-360, which introduces quantum-resistant wallet structures."
"Osuntokun's prototype addresses this gap. Instead of relying on signatures, the system allows users to prove ownership using their wallet's original seed phrase."
"Such a move could secure the network but also leave many users locked out of their own wallets."
Olaoluwa Osuntokun, CTO of Lightning Labs, developed a prototype to protect bitcoin wallets from quantum computing threats. This tool allows users to recover funds without relying on cryptographic signatures, which could be compromised by quantum machines. The system uses the original seed phrase for ownership proof, addressing risks associated with emergency upgrades like BIP-360. As the quantum threat debate intensifies, the urgency for adopting such solutions increases, potentially leading to widespread implementation in the coming years.
Read at news.bitcoin.com
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