BIP-360 Added to Bitcoin Codebase – Proposal Targets Quantum Resistance
The newly added proposal introduces Pay-to-Merkle-Root outputs to strengthen the network against quantum computing threats via a soft fork.
BTC
Summary
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Terms & Concepts
- BIP-360: A Bitcoin Improvement Proposal designated as number 360, specifically introducing new cryptographic structures for quantum resistance.
- Pay-to-Merkle-Root (P2MR): A new transaction output type proposed to secure Bitcoin funds against potential attacks from future quantum computers.
- Soft Fork: A backward-compatible update to the blockchain protocol that allows old nodes to process new blocks.