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Bitcoin Marches Toward Post-Quantum Future with BIP 360 Proposal

BIP 360 has been merged into the official Bitcoin Improvement Proposal repository.
Bitcoin Marches Toward Post-Quantum Future with BIP 360 Proposal
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In preparation for a post-quantum future, the Bitcoin Bitcoin community has merged BIP 360 – a proposal that would make Bitcoin more resistant to quantum computing threats – into the official BIP GitHub repository.

What's the Scoop?

  • New Protosal: According to Bitcoin Magazine, Bitcoin Improvement Proposal (BIP) 360 introduces a new Bitcoin output type called Pay-to-Merkle-Root (P2MR), which is designed to support quantum-resistant script tree functionality while maintaining compatibility with existing Tapscript infrastructure.
  • Looming Threat: Advances in quantum computing pose a long-term risk to Bitcoin’s current cryptographic schemes, which could theoretically be broken by sufficiently powerful quantum machines. Taproot address and Pay-to-Public-Key (P2PK) outputs are considered more the most at-risk formats.
  • Refreshed Model: BIP 360's proposed P2MR output type reduces the surface area for potential attacks and would lay the foundations for later upgrades, like post-quantum signature schemes.

Jack Inabinet

Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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