Researchers at Project Eleven have introduced a new zero-knowledge proof system designed to help recover Bitcoin that could become vulnerable to future quantum computing attacks.
The proposed solution works alongside the BIP-361proposal, allowing wallet owners to prove ownership of their funds without revealing private keys, even if quantum computers eventually break the cryptographic signatures securing today’s Bitcoin wallets.
The recovery method relies on modern wallet seed phrases and hash-based cryptography, which remain resistant to quantum attacks. However, the system would not be able to recover Satoshi Nakamoto’s estimated 1.1M BTC, as those early wallets do not meet the required technical conditions.
While the prototype has demonstrated significant performance improvements over previous approaches, it remains unaudited and would require major changes to Bitcoin’s consensus rules before it could be deployed on the live network.
Bitcoin Quantum Recovery Tool Cannot Save Satoshi Nakamoto Holdings
Project Eleven says it has developed a zero knowledge proof system that could help Bitcoin $BTC holders recover quantum vulnerable coins.
The tool supports the recovery approach proposed in BIP 361, which seeks… pic.twitter.com/ATet5BR8Ka
— BSCN (@BSCNews) July 20, 2026
Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV
You need to login in order to Like
Leave a comment