New Quantum-Resistant Protocol Could Protect $400 Billion in Bitcoin
- AmericanFortress has developed a patent-pending post-quantum signature scheme to secure the crypto ecosystem.
- The protocol aims to protect Satoshi Nakamoto’s 1.1 million bitcoin and nearly 5 million BTC in dormant accounts, valued at approximately $400 billion.
- CEO Michal Pospieszalski stated that the protocol can freeze vulnerable funds until community governance decides their fate.
- Over $600 billion in crypto assets are currently susceptible to quantum attacks, including all Solana addresses.
- An $8 million seed funding round was co-led by SAVA Digital Asset Fund and others to support this initiative.
The AmericanFortress protocol utilizes zero-knowledge proofs and aims for minimal disruption during implementation, requiring only a software update for wallets and nodes. This approach contrasts with traditional methods that necessitate complete blockchain overhauls.
With the potential to safeguard significant assets like Satoshi’s bitcoin stash, this development represents a crucial step towards securing digital currencies against future quantum threats.(Source)
