Bitcoin Quantum Recovery Proposal Excludes Satoshi’s Estimated 1.1 Million BTC
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A new crypto recovery mechanism for BIP-361 uses zero-knowledge proofs to let eligible Bitcoin holders migrate vulnerable funds to quantum-resistant addresses without exposing private keys, potentially protecting many wallets but explicitly excluding Satoshi’s estimated 1.1 million BTC. The prototype is unaudited and requires future Bitcoin consensus changes, leaving adoption, security guarantees and market impact uncertain.
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- BIP-361 recovery could protect many Bitcoin wallets, but excludes Satoshi’s estimated 1.1M BTC.
- Zero-knowledge proofs let eligible users migrate funds without exposing private keys.
- The prototype remains unaudited and still requires future Bitcoin consensus changes.
Bitcoin’s ongoing preparations for future quantum computing risks have entered a new phase with the introduction of a recovery mechanism built to work alongside the proposed BIP-361 framework. The new system aims to enable eligible Bitcoin holders to move vulnerable funds to quantum-resistant addresses without exposing their private keys.
While the approach addresses a major concern surrounding the proposal by offering a path to recover many at-risk coins, it does not extend to every wallet. Most notably, the estimated 1.1 million BTC attributed to Bitcoin creator Satoshi Nakamoto would remain outside…
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