Adam Back Advocates Optional Quantum Resistance Upgrade, Opposing BIP-361 Forced Freeze Plan

GateNews
BTC0,02%

Gate News message, April 16 — Blockstream CEO Adam Back expressed support for an optional approach to Bitcoin’s quantum resistance upgrade at Paris Blockchain Week, opposing the BIP-361 proposal that would force-freeze quantum-vulnerable addresses. Back emphasized that “preparing in advance is far safer than scrambling during a crisis” and highlighted the Bitcoin community’s ability to coordinate rapid responses to critical vulnerabilities.

The BIP-361 proposal, put forward by developer Jameson Lopp and five others and titled “Post-Quantum Migration and Legacy Signature Sunset,” advocates for the gradual elimination of quantum-vulnerable addresses over five years, ultimately freezing unmigrated coins—including approximately 1.7 million BTC held by Satoshi Nakamoto.

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

Bitcoin Transactions Face 70-Page Tax Filing Burden Annually

According to Nicholas Anthony of the Cato Institute's Center for Monetary and Financial Alternatives, spending Bitcoin on everyday purchases creates an unexpected tax compliance nightmare. The IRS treats Bitcoin as property, not currency, meaning every transaction—even a $5 coffee

CryptoFrontier23m ago

Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on April 16

Gate News message, according to the April 16 update, Bitcoin ETFs recorded a 1-day net inflow of +2,855 BTC (+$209.95M) and a 7-day net inflow of +11,849 BTC (+$871.52M). Ethereum ETFs showed a 1-day net inflow of +15,477 ETH (+$35.44M) and a 7-day net inflow of +90,366 ETH (+$206.94M). Solana ETFs

GateNews25m ago

Bitcoin Breaks Below $74K as 24-Hour Decline Reaches 0.02%

Gate News message, April 16 — Bitcoin fell below the $74,000 level, currently trading at $73,906 with a 24-hour decline of 0.02%.

GateNews1h ago

Newly Created Wallet Withdraws 1,470 BTC Worth $109M from Major CEX

Gate News message, April 16 — According to Onchain Lens, a newly created wallet withdrew 1,470 BTC, valued at approximately $109 million, from a major CEX.

GateNews1h ago

BTC falls below 74000 USDT

Gate News bot message, Gate quotes show that BTC has fallen below 74000 USDT, with the current price at 73988.8 USDT.

CryptoRadar1h ago

Charles Schwab Launches Schwab Crypto Spot Trading for Bitcoin and Ethereum

Charles Schwab launched Schwab Crypto on April 16, a spot cryptocurrency trading service for retail customers. It supports direct trading of Bitcoin and Ethereum and offers education and support, integrating with existing financial services.

GateNews1h ago
Comment
0/400
No comments