Avalanche Founder Suggests Freezing Satoshi’s BTC Holdings To Protect Against Quantum Attack

The founder of Avalanche is controversially calling for Bitcoin developers to freeze the roughly 1.1 million BTC held by Satoshi Nakamoto, Bitcoin’s pseudonymous creator. On Dec. 9, Emin Gün Sirer, the founder and CEO of Ava Labs, the development team behind Avalanche, warned that Satoshi’s Bitcoin stash may be especially vulnerable to a quantum computing attack in the future. Sirer noted that Satoshi’s BTC were mined using the outdated Pay-To-Public-Key (P2PK) format, which “reveals the public key and gives the attacker time to grind.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant