Bitcoin researchers propose quantum-risk mitigation plan

Bitcoin researchers have introduced BIP-361, a draft proposal designed to address potential quantum computing threats to the network's security. The plan outlines a phased approach to phase out legacy signature schemes, encouraging users to migrate to post-quantum wallets. If implemented, this transition could eventually make funds secured by quantum-vulnerable signatures unspendable, prompting users to upgrade their security measures. A significant portion of Bitcoin's circulating supply, over one-third, reportedly uses public keys that could be exposed, creating a substantial risk if quantum computing capabilities advance.