Dormant Coins Targeted in Proposed Quantum-Resistant Bitcoin Fork
2025-04-0811818 Views
Bitcoin could be about to get a major
change. A new proposal suggests some coins might have to be destroyed to
protect the network from future quantum computer attacks.
The proposal
is called QRAMP, short for Quantum-Resistant Address Migration Protocol. It was
put forward by Bitcoin developer Agustin Cruz and has caused quite a stir in
the wider Bitcoin community.
The proposed Bitcoin QRAMP BIP sets a mandatory migration period
Bitcoin’s security is based on ECDSA
cryptographic system (Elliptic Curve Digital Signature Algorithm). That’s
strong against regular computers but might be broken by quantum computers in
the future.
Quantum computers use a new kind of
processing procedure based on the laws of quantum physics. Instead of working
with just ones and zeroes like regular computers, they use qubits which can
exist in multiple states at once. That means they can do specific complex
calculations much faster.
Cruz and other devs worry that one day a
powerful quantum machine could crack Bitcoin’s security and allow hackers to
steal coins from vulnerable wallets. Cruz said:
“Addresses that have exposed their
public keys may now be vulnerable if sufficiently powerful quantum computers
emerge.”
Cruz’s QRAMP proposal is a major update—a
hard fork—to the Bitcoin network. A hard fork is a big software change that
creates new rules for Bitcoin and essentially creates a new blockchain. Older
versions of the software would no longer be compatible.
If QRAMP is adopted, all Bitcoin users will
get a deadline. Before that deadline they would need to move their bitcoin from
old, vulnerable addresses to quantum-resistant ones.
If they don’t do this in time, their coins
will become unspendable.
The idea is to force users to secure their
funds before quantum computers become a real threat. “It provides rightful
owners with a clear, non-negotiable opportunity to secure their funds,”
Cruz wrote in an email to Bitcoin Dev mailing list.
But there’s a big catch: any coins that
remain in vulnerable wallets after the deadline would be effectively burned.
This means the total supply of bitcoin could shrink — possibly by millions of
coins.
The intense debate over this idea has
really brought out the passion in Bitcoin supporters. Some see it as a smart
way to safeguard the digital asset’s future.