Anchorage Proposes Bitcoin Migration Protocol for Post-Quantum Security
- Quantum Security Migration: Anchorage Digital has published a protocol aimed at migrating approximately 13.5 million Bitcoins to a post-quantum security framework without exposing users' private keys, thereby enhancing Bitcoin's overall security.
- One-Way Mechanism Design: The protocol employs a one-way mechanism called a 'turnstile' that utilizes STARK zero-knowledge proofs, allowing users to prove they hold the private key while deterministically deriving a new post-quantum key from the old one, ensuring account safety.
- Coverage and Efficiency: The mechanism is estimated to cover about two-thirds of circulating Bitcoin, leaving approximately 6.51 million BTC with exposed public keys, with proof generation taking 5 to 30 seconds and proof sizes ranging from 2 to 10 MB, making it suitable for consumer hardware.
- Developer Disagreement: The paper has sparked intense discussions among Bitcoin developers regarding how aggressively to prepare for quantum attacks, with Blockstream CEO Adam Back advocating for optional upgrades, contrasting with BIP-361's proposal to phase out vulnerable addresses, highlighting differing views on quantum security within the industry.
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Technical Analysis for Q
Technical Sentiment Analysis for Quack AI (Q). As of , Quack AI (Q) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 1 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for Q stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, Q is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Quack AI (Q) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00266 | 0.00497 | 0.00723 | 0.00953 | 0.0118 | 0.0141 | 0.0164 |
| Fibonacci | 0.00497 | 0.00671 | 0.00779 | 0.00953 | 0.0113 | 0.0124 | 0.0141 |
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