BlockBeats News, February 13 — Senior analysts James Van Straten from Bullish and CoinDesk commented on the BIP-360 proposal, stating that after Bitcoin’s price reached $60,000, the entire industry has finally begun to take this threat seriously, which is a reassuring development.
Straten mentioned that once consensus is reached, the market could see a dramatic 50-100% revaluation within a few weeks. However, he also expressed concerns about the disposal of Bitcoin held by Satoshi Nakamoto and other long-dormant Bitcoins.
Earlier reports indicate that Bitcoin Improvement Proposal 360 (BIP-360) has been added to the official code repository. The proposal introduces the Pay-to-Merkle-Root (P2MR) output type, aimed at enhancing Bitcoin’s defenses against quantum computing threats through a soft fork.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The US-Israel conflict pushes up oil prices, and Bitcoin remains stable due to resistance in the US market
Despite the rise in oil prices to $100 per barrel due to the US-Israel-Iran conflict, Bitcoin remains stable around $67,000, which is related to its close correlation with the US stock market. The US has low dependence on Middle Eastern oil, and the stock market's resilient performance has accordingly supported Bitcoin's price stability.
GateNews5m ago
BTC breaks $68,000, up 1.16% in the last 24 hours
Gate News Report, March 9th, according to Gate market data, the BTC/USDT trading pair is currently quoted at $68,004.1, successfully breaking through the $68,000 threshold, with a 24-hour increase of 1.16%.
GateNews7m ago
Oil price shocks sweep the globe, but Bitcoin remains steady at $67,000: Wall Street correlation becomes a key variable
The Middle East geopolitical conflict has led to a rise in international oil prices, while Bitcoin prices remain relatively stable, staying around $67,000. The US stock market has shown resilience, with increased correlation to Bitcoin, while Asian markets are more affected. As institutional funds enter the crypto market, Bitcoin is increasingly viewed as a risk asset. Additionally, although the US has a high level of energy independence, rising oil prices may still impact inflation through consumer spending.
GateNews7m ago
Research indicates that the transition to post-quantum cryptography could render encryption exchange wallet architectures ineffective
Project Eleven's latest research indicates that under post-quantum cryptography, the current address generation methods used by encrypted exchanges may become invalid. The study shows that systems relying on hierarchical deterministic wallets cannot operate under the new standards, and exchanges will be unable to generate new addresses from public keys.
GateNews10m ago
Quantum computing impacts the security of encrypted wallets? Research suggests post-quantum cryptography may force trading platforms to rebuild wallet systems
With the development of quantum computing technology, blockchain security faces challenges. Currently, mainstream layered deterministic wallets may become ineffective in post-quantum cryptography, forcing custodial institutions to reconstruct their security models. Researchers have proposed new wallet architecture prototypes to adapt to the post-quantum environment, maintain private key security, and generate new public keys to ensure system stability.
GateNews15m ago
Oscar-Nominated Actor Says Bitcoin Is Going to Die - U.Today
Terrence Howard recently stated on the PDB podcast that he believes Bitcoin is doomed, criticizing its reliance on fiat currency and its volatility. His comments drew mockery from the crypto community, highlighting his controversial understanding of both Bitcoin and mathematical concepts. He joins other Hollywood figures in voicing skepticism about cryptocurrencies.
UToday18m ago
