Bitcoin Completes First Experimental Quantum-Safe Transaction, Starkware Says

by shayaan
Decrypt logo

In brief

  • StarkWare says the first quantum-safe Bitcoin transaction has been mined on Bitcoin mainnet.
  • The method uses hash-based security without changing Bitcoin’s consensus rules.
  • StarkWare still favors a soft fork as a long-term defense against quantum computers.

Starkware, the blockchain infrastructure company behind Ethereum layer-2 network Starknet, says the first quantum-safe Bitcoin transaction has been mined on the Bitcoin mainnet, testing a way to protect funds from future quantum attacks without changing the network’s consensus rules.

In a blog post on Wednesday, Starkware said the transaction used Quantum-Safe Bitcoin, or QSB, a method developed by Starkware researcher Avihu Levy. Levy published the research in April, and Starkware engineer Tomer Giladi later helped turn the proposal into a working mainnet transaction.

Myriad: How high will Bitcoin go? Click to make your prediction.

“A quantum-safe transaction was mined on the Bitcoin mainnet today that holds up against an adversary running a working quantum computer,” Starkware wrote. “Bitcoin holders now have a way to move coins into storage a quantum computer cannot open.”

Bitcoin uses elliptic-curve cryptography to secure transactions, which a sufficiently powerful quantum computer running Shor’s algorithm could theoretically break to derive private keys and steal funds. Protecting the network could eventually require either a hard fork, which introduces rules incompatible with older software and can split the network, or a soft fork, which can introduce new rules while remaining compatible with older nodes.

Starkware said a soft fork remains the preferred long-term solution, while QSB provides a way to protect individual holdings without waiting for a network upgrade.

“I still want Bitcoin to choose to do a soft fork and I expect we will get one,” Starkware CEO Eli Ben-Sasson said. “What today’s successful transaction offers Bitcoin is a reassurance that holdings can be protected before that happens.”

See also  Charles Schwab Planning to Roll Out S&P 500 Prediction Markets With Cboe: WSJ

The issue has drawn growing attention as researchers assess which Bitcoin holdings could be most exposed to future quantum attacks.

In June, Coinbase’s quantum advisory council estimated that roughly 7 million Bitcoin could be vulnerable because of exposed public keys and address reuse.

Quantum-Safe Bitcoin, Starkware said, adds a second, quantum-resistant lock based on hash functions rather than elliptic curves. It uses “signature grinding,” which performs computational work off-chain to find a transaction hash that Bitcoin will accept as a validly formatted signature.

Myriad: What will the Fed do in September? Click to make your prediction.
Myriad: What will the Fed do in September? Click to make your prediction.

Starkware acknowledged that QSB does not make Bitcoin quantum-safe, but protects specific transactions using hash-based security. It cannot protect addresses with already-exposed public keys and currently requires transactions to be sent directly to miners.

“This amazing feat should not be viewed as a message saying ‘Bitcoin is prepared for the quantum threat.’ Far from it,” Ben-Sasson wrote on X.

“I hope whatever attention this brilliant work gets will also help folks hear loud and clear our message: Huston, we’ve got a problem, and the way to fix it should be to get serious about serious soft forks for [Bitcoin],” he said. “That’s how catastrophe can be avoided, and we still have time.”

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

You may also like

Latest News

Copyright © Sovereign Wealth Signals