El Salvador’s Quantum-Resistant Bitcoin Strategy: A Model for Global Crypto Security
As quantum computing gets closer, El Salvador is stepping up to protect its Bitcoin stash. They’re spreading their holdings across multiple wallets to lessen the chance of being hacked. Let’s see how this not only safeguards their money but could also be a lesson for everyone else.
Why is El Salvador Moving Bitcoin?
El Salvador’s Bitcoin office has been sounding the alarm about quantum computers possibly breaking the cryptography that keeps Bitcoin and other digital systems safe. When Bitcoin is spent, the public key gets revealed, making it an easy target for quantum attacks. To deal with this, the country is dividing its reserves into many addresses, each holding a maximum of 500 BTC. This way, if quantum technology does advance and…
