Bitcoin Developer Creates Quantum Threat Wallet Recovery Prototype
- Quantum Computing Threat: Google research indicates that quantum computers could potentially break Bitcoin's cryptography in as little as nine minutes, with approximately 6.9 million Taproot and P2PK wallets already having publicly exposed keys, making them vulnerable targets and prompting Bitcoin developers to seek solutions to protect user assets.
- Prototype Development: The zk-STARK prototype developed by Lightning Labs' CTO Osuntokun can generate wallet authorization in 50 seconds on a standard MacBook using GPU acceleration, addressing the issue of users potentially losing access to funds during quantum attacks and ensuring they can recover their assets in emergencies.
- Technical Innovation: This prototype demonstrates that a specific public key can be derived from a master seed without revealing sensitive information, thus mitigating the risk of funds being stranded due to the disabling of key path spend mechanisms, enhancing the overall security of the Bitcoin network against quantum threats.
- Industry Impact: This solution not only fills a gap in theoretical discussions but also provides the Bitcoin developer community with a practical response, highlighting that innovation and rapid response are crucial for protecting user assets in the face of emerging technological threats.
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Technical Analysis for Q
Technical Sentiment Analysis for Quack AI (Q). As of , Quack AI (Q) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 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 | 0.00152 | 0.00436 | 0.00632 | 0.00916 | 0.0111 | 0.014 | 0.0159 |
| Fibonacci | 0.00436 | 0.00619 | 0.00733 | 0.00916 | 0.011 | 0.0121 | 0.014 |
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