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

By Sam Reynolds

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

BitMEX Research proposes a 'canary system' for Bitcoin that pays a bounty to the first quantum attacker and triggers a network-wide freeze. This serves as an alternative to a fixed five-year timeline for implementing quantum-resistant upgrades. Bitcoin developers are adopting a 'wait and react' strategy, betting that a quantum attacker would cooperate.

Not financial advice. Do your own research before making investment decisions.

Read full article on CryptoFlare