Bitcoin Core Developer Outlines Three Quantum-Theft Deterrents

Bitcoin Core developer Cory Fields has outlined three conceptual ways to deter quantum-enabled theft of Bitcoin (BTC), including cryptographic proofs, burning vulnerable coins and competition for an attacker’s collateral. The mechanisms are called Quantum Landmines, Staked Auction and Sats Auction. Quantum Landmines would use cryptographic proofs to protect funds, while Staked Auction would burn vulnerable BTC to reduce risk. Sats Auction would let third parties compete for attackers’ collateral. The proposed collateral requirements could apply when legacy BTC is spent after an attack. Fields previously outlined a design requiring equal collateral before vulnerable coins could be moved . The three ideas remain conceptual and need more development before implementation. Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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