Bitcoin devs bet a quantum attacker will play nice with a ‘wait and react’ plan

Image via CoinDesk

BitMEX Research proposes a canary system that pays a bounty to the first quantum attacker and activates a network-wide freeze, offering an alternative to a fixed five-year timeline.

Read Full Report at CoinDesk

AI Executive Brief

/ BitMEX Research suggests a 'canary system' to detect and mitigate quantum attacks on Bitcoin.
/ The system would pay a bounty to the first attacker and freeze the network to prevent further damage.
/ This approach offers an alternative to predefined timelines for upgrading cryptographic algorithms.

AI-generated summary for informational purposes. Verify with original source.

Bitcoin devs bet a quantum attacker will play nice with a ‘wait and react’ plan

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