Summary
- Paradigm researcher Dan Robinson unveiled PACT, a model designed to protect long-dormant Bitcoin (BTC) from the threat of quantum computing.
- The PACT model is designed to let Bitcoin holders prove ownership of their assets before quantum computing can be used to infer private keys, using the blockchain’s timestamp function.
- Markets are watching how security technologies developed to counter threats from advances in quantum computing could affect crypto infrastructure, as well as whether the technology can be implemented and adopted.
Forecast Trend Report by Period
Paradigm has proposed a model to protect long-dormant Bitcoin (BTC) from the threat posed by quantum computing, outlining what could become a shift in crypto security.
The Block reported on May 1 that Paradigm researcher Dan Robinson unveiled a model called Provable Address Control Timestamp, or PACT.
The model is designed to let Bitcoin holders prove ownership of their assets before quantum computing can be used to infer private keys.
It uses the blockchain’s timestamp function to create a record that shows a holder controlled a wallet.
Robinson said the approach could help ease ownership disputes and security concerns tied to addresses that have remained dormant for years, including wallets associated with Satoshi Nakamoto.
Markets are watching how security technologies developed to counter threats from advances in quantum computing could affect crypto infrastructure. A key question is whether the technology can be implemented and adopted.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
