Future of Bitcoin encryption and security in a QC era
How will the advancement of quantum computing impact the security of Bitcoin, and what steps are necessary to protect the network from this emerging threat? What role could lattice-based encryption play in safeguarding Bitcoin, and which of the current algorithms are best suited for this purpose?
How would the implementation of such encryption technology be integrated into the existing Bitcoin infrastructure, and what challenges might arise during this process?
What happens to existing addresses that rely on elliptic curve cryptography? Is there a way to seamlessly transition old addresses to the new system, or would users need to actively transfer their funds to new, more secure addresses?
How could such a transition be designed to ensure user security while maintaining trust in the network?
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