Innovative Cryptographic Breakthrough Enhances Bitcoin’s Future
- Quantum Safe Bitcoin: Avihu Levy from StarkWare introduced the Quantum Safe Bitcoin (QSB) concept, which aims to enhance transaction quantum resistance without altering Bitcoin's protocol, although its transaction costs could reach up to $200, limiting its routine applicability.
- Security Enhancement: QSB replaces the traditional signature security model with advanced hash-based proofs, eliminating the weaknesses of digital signatures and thereby strengthening the security framework of Bitcoin transactions, even though the current ECDSA signature method is secure against traditional computing but may be vulnerable to quantum computers.
- Computational Complexity: QSB transactions require intricate GPU computations, significantly increasing transaction costs far beyond the current average fee of $0.33, and these transactions must engage directly with miners willing to handle such requests, complicating implementation.
- Future Outlook: While QSB is not a definitive solution, it serves as a fallback option in the face of imminent quantum risks, and experts predict that quantum computers capable of threatening Bitcoin are unlikely to appear soon, highlighting the industry's proactive efforts to future-proof blockchain security.
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Technical Analysis for SAFE
Technical Sentiment Analysis for Safe (SAFE). As of , Safe (SAFE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SAFE 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, SAFE 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 $-.
Safe (SAFE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0437 | 0.0705 | 0.0958 | 0.123 | 0.148 | 0.175 | 0.2 |
| Fibonacci | 0.0705 | 0.0904 | 0.103 | 0.123 | 0.143 | 0.155 | 0.175 |
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