cryptoknowmics.com
In a forward-thinking move to safeguard its national Bitcoin reserve, El Salvador's National Bitcoin Office (ONBTC) has begun to protect its holdings against the potential future risk of quantum computing. The country has initiated a strategic relocation of its Bitcoin, moving the entire reserve from a single, transparent address into multiple, new wallets. This action is a direct response to the theoretical threat posed by quantum computers and algorithms like Shor’s, which could one day be capable of breaking the public-private key cryptography that secures the Bitcoin network.
A Shift from Transparency to Enhanced Security
[embed]https://twitter.com/mononautical/status/1961575881501221171?ref_src=twsrc%5Etfw[/embed] Previously, El Salvador’s single, highly transparent Bitcoin address exposed its public keys, making it theoretically vulnerable to future quantum attacks. The country's new approach provides a solution that balances transparency with enhanced security. While the new system eliminates the risk of address reuse, it maintains public accountability through a dashboard that shows the total balance of the reserve. The move involves dividing the holdings into 14 new wallets, each holding a maximum of 500 BTC. This proactive measure demonstrates El Salvador’s commitment to securing its digital assets, acknowledging that while a quantum threat is not immediate, preparing for it is a crucial step for the long-term security of its reserve.