A new Ethereum Research proposal is putting post-quantum wallet security back in focus, outlining a practical way to verify quantum-resistant signatures on the EVM without requiring a full protocol-level upgrade. The proposal, published by Ethereum researcher nicocsgy, explores an EVM-optimized version of the SPHINCS+ stateless post-quantum signature scheme. The design aims to make quantum-resistant verification…
TL;DR Coinbase’s Quantum Advisory Council published a report on post-quantum migration and abandoned coins. The report estimates that millions of Bitcoin may eventually be exposed through legacy address formats and address reuse. The risk is future-oriented; the report does not say quantum computers can break Bitcoin today. Coinbase Flags Long-Term Quantum Exposure Coinbase’s Quantum Advisory…
TL;DR Coinbase’s Quantum Advisory Council says post-quantum migration planning should begin before quantum attacks become practical. The report estimates about 7 million BTC are quantum-vulnerable because public keys are exposed through legacy formats or address reuse. About 1.7 million BTC are said to sit in legacy Pay-to-Public-Key addresses, including early mined and potentially abandoned coins.…
The developers of Monero (XMR) recently discovered a bug capable of exposing transactions of its users. Even though the team is working to fix it, they have announced that users’ privacy is at risk as long as the bug remains. The Monero team made this announcement through their official Twitter account. They called it a…
A sure sign of growing adoption and institutional interest in cryptocurrencies is when major banks start to look at them more closely. The second largest bank in the US, Bank of America, was recently awarded a patent for secure crypto key storage indicating that its interests in the industry are still fully intact despite the…
Here at NewsBTC we believe that education and knowledge is fundamental to the wider adoption of cryptocurrencies and growth of the blockchain industry. We will be expanding our education section by delving deeper into some of the machinations and technology behind the blocks. Our weekly articles aim to provide a greater understanding of how things…