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15 Apr 2026, 17:24

Switzerland leads Europe’s crypto funding race with $728M raised in 2025

Swiss companies have attracted almost half of the venture capital invested in Europe’s crypto sector, according to a new report tracking funding in Crypto Valley. The data featured in the recently released study clearly cements the leading position of Switzerland’s blockchain ecosystem on the Old Continent, well ahead of the competition. Switzerland secures 47% of European venture capital in crypto Nestled in the heart of Europe, Switzerland remains its most attractive destination for investors looking to support businesses in the digital assets space. Some 47% of all European venture capital investments in the industry last year went to the country’s Crypto Valley, centered in the Canton of Zug. More than 1,760 blockchain firms are currently operating out of the region, including a few dozen registered in Liechtenstein. The Swiss canton’s capital, Zug, is home to about 40% of them, and the country’s main financial center, Zurich, hosts another 15%, accounting together for close to 1,000 entities. The number of the valley’s residents has increased by 134% since 2020, and Zug is by far the largest contributor, with almost half of the new ones established in the past year. No less than 10 blockchain unicorns are based in Switzerland , including two private blockchain companies and eight blockchain platforms with publicly traded tokens. The combined valuation of the top 50 companies now stands at an estimated $467 billion, a record high for the crypto-focused ecosystem. The findings come from the latest edition of the CV VC Top 50 Report , which covers data for the whole of 2025 and was published in April 2026, the German crypto news outlet BTC Echo informed on Wednesday. CV VC, or Crypto Valley Venture Capital, is an early-stage venture capital firm focused on startups developing global solutions that leverage blockchain technology. TON secures the largest single deal at $400 million Swiss-based crypto companies raised a total of $728 million, which is 37% more than the previous year, the authors of the study also emphasized. While the number of rounds decreased, the size of individual investments increased significantly, the researchers noted, highlighting a shift towards larger funding rounds. The largest single deal, for $400 million, was sealed by TON, followed by Sygnum Bank with $58 million and M^0 with $40 million. The high numbers in each of these cases suggest investors are becoming more selective in their decisions while orienting towards well-positioned, scalable projects. A similar trend was observed in Germany last year, when Berlin accounted for over 70% of the country’s $45 million in blockchain investments, signaling that quality over quantity is the new sentiment. Focus shifts from finance to technology Another trend worth noting is the ongoing shift from financial products and services toward solutions that enable broader blockchain adoption. Among funded business models, infrastructure developers now account for 19%, compared with 18% for financial services providers and 17% for consulting and technology services firms. This affirms the status of crypto-linked technology as fundamental to the entire digital economy, not just its cryptocurrency segment. Other sources of validation are the growing integration with artificial intelligence and expanding academic research in the blockchain field. The latter allows the Crypto Valley to maintain its lead in this area. The push is supported by Swiss authorities, and Zug is investing over $50 million in such initiatives. Against this backdrop, Europe’s share of the global venture funding dropped to 13% in 2025, from 16% in 2024, the report also revealed. The region secured $67 billion across nearly 6,600 deals during the studied period, registering a modest increase in funding, again from fewer deals. Your keys, your card. Spend without giving up custody and earn 8%+ yield on your balance with Ether.fi Cash.

15 Apr 2026, 16:45

TRON Network Deepens Role in Agentic AI Infrastructure as B.AI Launches

Geneva, Switzerland, April 15, 2026 — TRON DAO , the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), welcomes the launch of B.AI on the TRON network. B.AI is a financial infrastructure built for the AI agent era, designed to address the core challenges agents face in model access, payments, settlement, identity, and coordination. As demand grows for infrastructure supporting agent-driven payments and commerce, the launch reflects how TRON’s scale, stablecoin liquidity, and low transaction costs are being used as a foundation for these emerging use cases. B.AI combines AI infrastructure with blockchain-based identity and payment systems to deliver a comprehensive end-to-end service suite for AI agents. The system enables access to AI services, reducing reliance on traditional onboarding processes such as account registration, geographic restrictions, and credit card-based payments. The platform incorporates the 8004 protocol, an onchain identity framework that links blockchain addresses to verifiable reputations. Each agent is assigned a unique onchain identity that records activity, feedback, and credentials, enabling agents to verify one another and interact. B.AI also integrates the x402 payment standard, an open protocol based on HTTP 402, to enable automated, trustless value transfer between agents. The framework supports real-time settlement and high-frequency transactions, allowing agents to access compute resources, pay for APIs, and execute onchain transactions autonomously. “AI agents will participate in the global economy in ways humans cannot, executing transactions continuously and at machine speed,” said Justin Sun, Founder of TRON. “Supporting that activity requires financial infrastructure that is fast, reliable, and accessible at a global scale. The TRON infrastructure and its stablecoin ecosystem already process large volumes of real-world transactions, providing a strong foundation for the next generation of AI-driven financial systems.” B.AI is designed to support AI agents as independent economic participants, with the ability to manage assets, access services and execute transactions autonomously. B.AI is pioneering a structural shift in the AI landscape, providing the essential connectivity for intelligence, identity, and economic exchange that allows agents to thrive. The TRON network has become one of the most widely used blockchains for stablecoin settlement and everyday digital payments, supporting more than $22 billion in daily transaction volume. The network has a circulating supply of more than $86 billion in Tether (USDT) issued onchain, with annual transfer volume exceeding $7.9 trillion. This level of real-world adoption has established TRON as a key infrastructure for payments, remittances and peer-to-peer transfers, providing a foundation for emerging machine-to-machine financial activity at scale. As AI systems advance into practical use, agents are beginning to execute payments, access services and coordinate financial activity autonomously, increasing the volume of machine-driven transactions. That shift is expected to place new demands on payment infrastructure capable of processing continuous, everyday transfers at scale. The TRON network’s high throughput, deep liquidity, and low transaction costs provide the infrastructure for machine-to-machine financial interactions to achieve mainstream adoption. TRON is a Gold Member of the Agentic AI Foundation (AAIF), an open foundation driving the transparent and collaborative evolution of agentic AI. Under the Linux Foundation, the AAIF is designed to provide neutral stewardship for open, interoperable infrastructure as agentic AI systems move from experimentation into real-world production. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON blockchain has experienced significant growth since its MainNet launch in May 2018. Until recently, TRON hosted the largest circulating supply of USD Tether (USDT) stablecoin, which currently exceeds $86 billion. As of April 2026, the TRON blockchain has recorded over 375 million in total user accounts, more than 13 billion in total transactions, and over $27 billion in total value locked (TVL), based on TRONSCAN. Recognized as the global settlement layer for stablecoin transactions and everyday purchases with proven success, TRON is “Moving Trillions, Empowering Billions.” TRONNetwork | TRONDAO | X | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park [email protected] About B.AI B.AI is a financial infrastructure built for the AI Agent era, designed to address the core challenges agents face in model access, payments, settlement, identity, and coordination. Through a unified API and settlement network, B.AI enables AI Agents to connect more freely to leading global models and services, while using agent wallets to pay, get paid, and exchange value autonomously. At the same time, B.AI builds verifiable identity and credit primitives for agents through on-chain accounts, helping AI evolve from software tools into economic actors that can transact, collaborate, and operate continuously at scale. By lowering barriers to model access, enabling seamless value transfer, and establishing an economic framework for intelligent agents, B.AI aims to accelerate the maturation of the AI Agent ecosystem, advance the real-world development of AGI, and make the benefits of AI more accessible to a broader range of users and developers. Media Contact Elle [email protected]

15 Apr 2026, 16:44

Anthropic and OpenAI tighten security as AI models show advanced hacking ability

Artificial intelligence companies, Anthropic and OpenAI, are taking serious steps to address the growing risks associated with their products. Altman’s firm released models exclusively for experts to help defend vulnerable systems, while Anthropic is now requiring ID verification before users can access certain functions. When AI models were initially released to the public, they were used to turn text into Ghibli-style art and write shopping lists, but artificial intelligence has quickly become a national security concern. Why is Anthropic asking for my driver’s license? Hackers are already using AI to bypass defense systems, forcing Anthropic to roll out a mandatory identity verification process. Users now need a physical government ID (passport or driver’s license) and a live selfie to use specific functions. Their partner, Persona, handles the data. Anthropic has clarified that it will not use users’ identity data to train its AI models. The company also clarified that verification is necessary to “prevent abuse, enforce our usage policies, and comply with legal obligations.” If a user fails the test or tries to use the system from an unsupported location, their account can be banned. The sudden crackdown is due to Anthropic’s admission that their new model, Claude Mythos Preview, is terrifyingly good at hacking. In a blog post released alongside the verification news, the company stated that Mythos Preview is “capable of identifying and then exploiting zero-day vulnerabilities in every major operating system and every major web browser when directed by a user to do so.” Engineers at Anthropic, with no formal security training, asked Mythos to find remote code execution vulnerabilities overnight. According to the company, they “woke up the following morning to a complete, working exploit.” Are the new AI models actually dangerous? The UK’s AI Security Institute (AISI) published an evaluation confirming that Mythos represents a “step up” in cyber capabilities. Anthropic’s internal blog post provides the most alarming details about the model’s capabilities. Mythos, after receiving the initial prompt, found a 27-year-old bug in OpenBSD, an operating system known for being secure. Mythos also found a 16-year-old bug in FFmpeg, a video tool used by almost every major service. The tool has been tested by millions of random inputs in a technique called fuzzing, yet Mythos found a vulnerability in the H.264 codec that dates back to a 2003 commit. Beyond that, Mythos found a 17-year-old vulnerability in FreeBSD’s NFS server and wrote an exploit that allows any unauthenticated user on the internet to gain full root access to the server. The company confirmed that Mythos Preview “fully autonomously identified and then exploited this vulnerability.” The entire process cost under $2,000 at API pricing and took less than a day. Mythos found vulnerabilities in every major web browser. In one case, it wrote a browser exploit that chained together four vulnerabilities, including a JIT heap spray, to escape both the browser’s renderer sandbox and the operating system’s sandbox. Anthropic has found “thousands of additional high- and critical-severity vulnerabilities” across open source and closed source software. Over 99% of these bugs have not yet been patched. OpenAI’s approach to security risks Despite these problems, OpenAI has announced the release of GPT-5.4-Cyber , which, unlike standard models that refuse to help with hacking for safety reasons, “lowers the refusal boundary for legitimate cybersecurity work.” GPT-5.4-Cyber can analyze compiled software without access to the source code to detect malware and vulnerabilities, but access is limited to OpenAI’s “Trusted Access for Cyber” (TAC) program. Only vetted cybersecurity experts, researchers, and organizations defending critical systems can use it. Anthropic’s Project Glasswing also gives limited access to defenders at companies like Amazon ($AMZN), Apple ($AAPL), and Google ($GOOGL) to fix critical infrastructure before attackers can exploit it. In the meantime, Anthropic suggests installing security updates immediately, rather than on a monthly schedule. Your keys, your card. Spend without giving up custody and earn 8%+ yield on your balance with Ether.fi Cash.

15 Apr 2026, 16:25

Drift Protocol Hack: Shocking North Korean Propaganda NFT Targets Circle CEO in Blockchain Security Breach

BitcoinWorld Drift Protocol Hack: Shocking North Korean Propaganda NFT Targets Circle CEO in Blockchain Security Breach In a startling blockchain security incident that has sent shockwaves through the cryptocurrency industry, an address linked to the recent Drift Protocol hack has minted a North Korean propaganda-themed NFT directly to Circle CEO Jeremy Allaire’s public wallet. This unprecedented Drift Protocol hack-related development, first identified by renowned on-chain analyst ZachXBT, reveals sophisticated new tactics in blockchain-based harassment and highlights critical vulnerabilities in public address systems. The incident occurred on Circle’s Layer 1 chain Arc, where the dprk.arc address executed the unauthorized NFT transfer to Allaire’s jerallaire.arc address, demonstrating how blockchain’s permissionless nature enables unwanted digital asset assignments without recipient consent. Drift Protocol Hack Connection and On-Chain Evidence Blockchain investigators have established clear connections between this propaganda NFT incident and the earlier Drift Protocol security breach. The dprk.arc address previously received approximately $80 million in USDC through a bridge transaction originating from the confirmed Drift Protocol attacker’s wallet. This financial trail provides compelling evidence linking the two events. Furthermore, on-chain analysis reveals the propaganda NFT was specifically designed with North Korean political imagery and messaging, creating what security experts describe as a hybrid financial-political attack vector. The blockchain’s immutable nature preserves every transaction detail, offering investigators complete transparency while simultaneously enabling the harassment. This incident represents a significant escalation in blockchain-based attacks, moving beyond pure financial theft to include political messaging and corporate targeting. The Drift Protocol hack itself involved sophisticated smart contract exploitation on the Solana blockchain, resulting in substantial financial losses. Now, the same threat actors appear to be leveraging their ill-gotten gains and blockchain access to conduct targeted harassment against industry leaders. Security analysts note this pattern mirrors traditional cyberattack escalation but within the unique constraints and opportunities of blockchain technology. Technical Analysis of the NFT Transfer Mechanism Blockchain technology fundamentally enables anyone to send digital assets to any public address without requiring recipient approval. This feature, while essential for permissionless transactions, creates inherent vulnerabilities for public figures and corporations. The propaganda NFT transfer utilized standard ERC-721 token minting and transfer functions on the Arc blockchain. Key technical aspects include: Permissionless Minting: The attacker created the NFT without requiring platform approval Direct Address Targeting: Using Allaire’s publicly known Arc address enabled precise targeting Immutable Record: Blockchain permanence ensures the transaction cannot be erased Cross-Chain Implications: The incident bridges Solana and Arc blockchain ecosystems Blockchain Security Implications for 2025 The targeting of Circle’s CEO carries particularly significant implications given the company’s central role in the cryptocurrency ecosystem. As the issuer of USDC, the second-largest stablecoin by market capitalization, Circle represents critical infrastructure for decentralized finance. This incident raises urgent questions about executive security, corporate vulnerability, and regulatory responses in an increasingly interconnected blockchain environment. Security experts emphasize that while blockchain transactions are transparent, preventing unwanted asset transfers remains technically challenging without compromising core blockchain principles. Industry analysts identify several concerning trends emerging from this incident. First, the combination of financial theft and political messaging suggests increasingly sophisticated threat actor motivations. Second, the targeting of specific individuals rather than anonymous addresses indicates improved adversary intelligence capabilities. Third, the use of NFTs as harassment tools represents a novel attack vector that existing security measures may not adequately address. These developments necessitate urgent security protocol reviews across the cryptocurrency industry. Timeline of Related Security Incidents Date Event Blockchain Impact Early 2024 Drift Protocol Exploit Solana $80M+ in losses Mid-2024 Funds Bridged to Arc Cross-chain Asset movement detected Recent Propaganda NFT Creation Arc Harassment campaign begins Current CEO Wallet Targeting Arc Corporate security concerns Regulatory and Compliance Considerations This incident occurs amid increasing global regulatory scrutiny of cryptocurrency activities, particularly those with potential national security implications. The North Korean propaganda element introduces additional complexity, potentially triggering sanctions-related investigations. Regulatory experts note that while blockchain technology transcends traditional borders, national security concerns do not. The incident may accelerate regulatory efforts to establish clearer guidelines for blockchain-based communications and asset transfers, particularly those involving politically sensitive content. Compliance professionals highlight several regulatory challenges presented by this case. First, determining jurisdiction for cross-chain activities remains legally ambiguous. Second, classifying unwanted NFTs as harassment versus free speech involves complex legal interpretations. Third, applying existing financial regulations to novel blockchain-based behaviors requires regulatory adaptation. These challenges underscore the growing tension between blockchain innovation and traditional regulatory frameworks. Industry Response and Security Recommendations The cryptocurrency industry has responded with heightened security awareness following this incident. Major exchanges, wallet providers, and blockchain platforms are reviewing their security protocols, particularly regarding public figure protection. Security experts recommend several immediate measures: Enhanced Address Privacy: Limiting public exposure of executive wallet addresses Advanced Filtering Systems: Implementing AI-driven transaction screening Industry Collaboration: Establishing shared threat intelligence networks User Education: Increasing awareness about blockchain address vulnerabilities Technical solutions under development include smart contract-based filtering mechanisms that can reject unwanted assets before they reach destination wallets. However, these solutions must balance security with blockchain’s fundamental permissionless nature. The industry faces the complex challenge of preventing harassment while preserving blockchain’s core innovation of trustless transactions. Conclusion The Drift Protocol hack-related propaganda NFT targeting Circle CEO Jeremy Allaire represents a significant escalation in blockchain security threats, combining financial crime with political messaging and corporate harassment. This incident highlights critical vulnerabilities in public address systems while demonstrating threat actors’ increasing sophistication. As blockchain technology continues evolving, security protocols must adapt to address these novel attack vectors. The cryptocurrency industry faces urgent challenges in balancing blockchain’s permissionless nature with necessary security measures, particularly for public figures and corporate entities. This Drift Protocol hack-related development will likely accelerate security innovation and regulatory attention throughout 2025. FAQs Q1: How did the attacker obtain Circle CEO Jeremy Allaire’s wallet address? The address was publicly available on the Arc blockchain, as many executive addresses are publicly known for transparency or business purposes in the cryptocurrency industry. Q2: Can the unwanted NFT be removed from the CEO’s wallet? Blockchain immutability means the transaction record cannot be erased, though some wallet interfaces may allow hiding unwanted assets from view. Q3: Does this incident affect USDC stability or security? Security experts confirm this represents a harassment incident rather than a technical vulnerability in USDC’s smart contracts or reserves. Q4: What legal recourse exists for blockchain-based harassment? Legal frameworks are still developing, but existing harassment, cybercrime, and potentially sanctions laws may apply depending on jurisdiction. Q5: How can individuals protect their wallets from similar attacks? Security recommendations include using multiple addresses, limiting public address sharing, and employing wallet software with filtering capabilities. This post Drift Protocol Hack: Shocking North Korean Propaganda NFT Targets Circle CEO in Blockchain Security Breach first appeared on BitcoinWorld .

15 Apr 2026, 15:17

Why Morgan Stanley's CFO thinks tokenization is the next big step for its multi-trillion wealth business

Morgan Stanley CFO Sharon Yeshaya says the bank is eyeing a "tokenized world" where blockchain technology allows client assets and liabilities to move more efficiently across its wealth management platform.

15 Apr 2026, 13:45

Bitcoin’s Quantum Defense: BIP-361 Proposal Unveils Critical Plan to Secure the Network

BitcoinWorld Bitcoin’s Quantum Defense: BIP-361 Proposal Unveils Critical Plan to Secure the Network In a pivotal move for global digital finance, a new technical proposal aims to fortify the Bitcoin network against a looming technological frontier. The BIP-361 proposal, introduced to the Bitcoin developer community, outlines a strategic defense against the potential threat of quantum computing. This initiative calls for the gradual phasing out of current cryptographic signature methods, marking a significant evolution in the protocol’s foundational security. The transition plan, reportedly scheduled to begin around 2029, represents one of the most forward-looking upgrades in Bitcoin’s history. Understanding the BIP-361 Quantum Defense Proposal The Bitcoin Improvement Proposal (BIP) 361 directly addresses a vulnerability that cryptographers have monitored for years. Currently, Bitcoin relies on the Elliptic Curve Digital Signature Algorithm (ECDSA) and its more recent counterpart, Schnorr signatures. These algorithms secure every transaction by proving ownership of private keys. However, theoretical advances in quantum computing suggest that sufficiently powerful machines could one day break these cryptographic schemes. Consequently, the BIP-361 proposal initiates a carefully planned migration to quantum-resistant algorithms. This process would not be an abrupt change. Instead, the plan involves an initial restriction on new transactions sent to vulnerable, non-upgraded addresses. Following this restriction, the network would implement a multi-year grace period. This grace period allows users ample time to move their assets from old addresses to new, quantum-secure ones. Ultimately, assets remaining in vulnerable addresses after the grace period would become invalid. This staged approach prioritizes network security while minimizing disruption for users. The Cryptographic Foundation: ECDSA and the Quantum Threat To appreciate the necessity of BIP-361, one must understand the technology it seeks to replace. ECDSA is the cryptographic workhorse for both Bitcoin and Ethereum. It creates a digital signature using a private key, which anyone can verify with a corresponding public key without revealing the secret. The security of ECDSA rests on the extreme mathematical difficulty of deriving the private key from the public key, a problem known as the elliptic curve discrete logarithm problem. Quantum computers, however, leverage principles of quantum mechanics to solve specific mathematical problems exponentially faster than classical computers. Shor’s algorithm, a famous quantum algorithm, could theoretically solve the discrete logarithm problem that secures ECDSA. While a quantum computer capable of this feat does not exist today, its potential development drives proactive security measures. The goal of BIP-361 is to transition the network before such a machine becomes operational, thereby protecting trillions of dollars in value. Expert Perspectives on the Quantum Timeline Cryptography experts consistently emphasize the distinction between theoretical risk and immediate danger. Most researchers estimate that a quantum computer powerful enough to threaten ECDSA is likely a decade or more away. This timeline provides a crucial window for preparation. The proposed 2029 start date for BIP-361’s activation aligns with conservative estimates within the academic community. Furthermore, the multi-year grace period embedded in the proposal accounts for the slow pace of user adoption and the complexity of upgrading global financial infrastructure. Industry analysts note that this proactive stance offers Bitcoin a significant advantage. Unlike traditional financial systems with centralized upgrade paths, Bitcoin’s decentralized nature requires broad consensus for such a fundamental change. Starting the discussion and planning now ensures that when a quantum threat materializes, the network will be prepared. This forward-thinking approach enhances Bitcoin’s long-term credibility as a robust store of value. Comparative Analysis: Bitcoin’s Path Versus Other Networks Bitcoin is not the only blockchain considering quantum resistance. Several newer projects have built quantum-resistant algorithms into their foundation from the start. However, Bitcoin’s challenge is unique due to its massive, established user base and immutable transaction history. The BIP-361 proposal must safeguard existing funds while enabling a secure future. This requires a backward-compatible transition strategy, which is far more complex than building a new system from scratch. The table below outlines key differences between the current state and the post-transition goal: Feature Current System (Pre-BIP-361) Target System (Post-Transition) Primary Signature Algorithm ECDSA / Schnorr Quantum-Resistant Algorithm (TBD) Quantum Attack Vulnerability Theoretically Vulnerable Designed to Be Resistant Address Format Legacy (e.g., 1…), SegWit (bc1q…) New, Quantum-Secure Format User Action Required None Move funds to new address type Activation Timeline N/A Proposed start ~2029 This transition highlights Bitcoin’s evolutionary capacity. The network has successfully navigated major upgrades before, such as the adoption of Segregated Witness (SegWit). Each upgrade required extensive technical debate and community coordination. The BIP-361 proposal follows this established tradition of rigorous, consensus-driven development. The Implementation Roadmap and Potential Impacts The reported roadmap for BIP-361 involves several clear phases. First, developers must agree on and standardize a new quantum-resistant signature algorithm. Candidates include lattice-based, hash-based, or multivariate cryptography. Next, the Bitcoin Core software and other node implementations would need to support the new standard through a soft fork, ensuring network consensus. Finally, wallet providers, exchanges, and custody services must update their software to generate and recognize the new address types. The impacts of this upgrade will be widespread: For Users: Individuals will need to move their Bitcoin from old addresses to new, quantum-resistant addresses during the grace period. This action will be similar to past upgrades. For Businesses: Exchanges, payment processors, and financial services must update their systems to handle new transaction types and educate their customers. For the Network: Successfully navigating this transition would represent a monumental achievement in decentralized governance and long-term planning, potentially increasing institutional confidence. For Security: The upgrade would neutralize a major future threat, securing Bitcoin’s position for the coming decades. Critically, the proposal aims to make this transition as seamless as possible. The long lead time and grace period are central to this goal. Developers understand that user experience and security are equally important for a network that serves as global digital infrastructure. Conclusion The BIP-361 proposal marks a critical juncture in Bitcoin’s development, shifting focus from present-day challenges to future-proof security. By proactively addressing the quantum computing threat, the Bitcoin community demonstrates its commitment to preserving the network’s integrity as a decentralized financial system. This planned, gradual transition from ECDSA to quantum-resistant cryptography underscores the sophisticated and resilient nature of Bitcoin’s open-source development model. While the technical work and community consensus-building will be substantial, the successful implementation of this quantum defense plan would secure Bitcoin’s foundational value proposition for generations to come. FAQs Q1: What is the main goal of the BIP-361 proposal? The primary goal of BIP-361 is to protect the Bitcoin network from the future threat of quantum computing by phasing out the currently used ECDSA and Schnorr signature algorithms and replacing them with quantum-resistant cryptographic standards. Q2: Do I need to do anything with my Bitcoin right now because of this proposal? No, immediate action is not required. The proposal outlines a transition starting around 2029, followed by a grace period of several years. Users will have ample time to move their funds to new, secure addresses when wallet software supports the upgrade. Q3: Is quantum computing an immediate threat to Bitcoin today? No, it is not an immediate threat. Experts consensus suggests a capable quantum computer is likely years or decades away. BIP-361 is a proactive, preventative measure to ensure Bitcoin’s security long before such technology becomes a reality. Q4: How does this proposal affect other cryptocurrencies like Ethereum? Ethereum also uses ECDSA and faces the same theoretical quantum threat. While BIP-361 is specific to Bitcoin, its discussion and potential implementation will likely influence research and planning across the entire cryptocurrency industry. Q5: What happens to Bitcoin in old addresses after the grace period? According to the proposal’s reported details, Bitcoin held in addresses that use the old, vulnerable signature scheme after the multi-year grace period would become invalid and unspendable. This mechanism incentivizes users to migrate to the new, secure system. This post Bitcoin’s Quantum Defense: BIP-361 Proposal Unveils Critical Plan to Secure the Network first appeared on BitcoinWorld .