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Over 1.7 Million Bitcoin Could Be Lost Under New Quantum Proposal

· CoinCentral

Over 1.7 Million Bitcoin Could Be Lost Under New Quantum Proposal

Charles Hoskinson warns that Bitcoin's proposed quantum defense, BIP-361, could cause the loss of 1.7 million Bitcoin by requiring users to migrate addresses. The proposal involves freezing quantum-vulnerable addresses, risking significant asset loss if owners do not act. This highlights potential security issues in Bitcoin's future quantum resistance plans.

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