🚨 BIP-361 wants to lock 1.7M $BTC forever before quantum hackers can steal it tldr👇🏻 > BIP-361 proposes freezing roughly 1.7 million $BTC held in legacy P2PK addresses > Whose public keys are already exposed on-chain and vulnerable to a future quantum attack The 3-phase sunset: 1️⃣Phase A: Activation + 3 years - Restricted Sends Ban any new BTC from being sent to legacy addresses. 2️⃣ Phase B: Activation + 5 years - Signature Sunset Any BTC still sitting in vulnerable legacy addresses would be permanently frozen. 3️⃣ Phase C: Recovery Mechanism - TBD A future recovery system could let legitimate owners reclaim frozen coins using zero-knowledge proofs tied to their seed phrases.
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