Project Eleven Launches Bitcoin Quantum Vulnerable Coin Recovery Tool, Prototype Unaudited

Comparing news, Project Eleven launched a new zero-knowledge proof system to provide recovery methods for quantum vulnerable bitcoins proposed to be frozen by BIP-361, including bitcoins held by Satoshi Nakamoto.

The scheme uses quantum computers to crack elliptic curve signatures, but cannot crack the characteristics of unidirectional hashes used to derive modern wallet keys, so that the real owner holding the seed material can prove control. Benchmarks showed that the Project Eleven prototype was significantly faster than the previous plan, but the prototype is still unaudited and unfinished, and requires controversial changes to blockchain rules to protect existing bitcoins on the chain.

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