The National Institute of Standards and Technology (NIST) has announced that the Elliptic Curve Digital Signature Algorithm (ECDSA), which underpins Bitcoin's digital signatures, will be deprecated by the government after 2030. This decision has reignited the debate on making Bitcoin quantum-proof, as quantum computers can render certain cryptographic algorithms useless. Some Bitcoin enthusiasts are urging the community to take action, while others believe the government's move is defensive and that it will take decades for quantum computers to compromise Bitcoin wallets. There is also mention of the more efficient Schnorr signatures, which are part of Bitcoin's Taproot upgrade and provide an alternative to ECDSA.
- Content Editor ( news.bitcoin.com )
- 2025-01-01
Bitcoin Quantum Computing Debate Reignites After Government Alert