New Quantum-Safe Bitcoin Transaction Proposal Emerges
- Quantum-Safe Transaction Proposal: StarkWare's CPO Avihu Levy has proposed a Quantum Safe Bitcoin (QSB) transaction scheme that claims to remain secure against large-scale quantum computers without requiring a soft fork, demonstrating feasibility within existing script constraints.
- High Costs and Complexity: The scheme incurs costs between $75 and $150 per transaction in GPU compute and is more complex than typical Bitcoin transactions, making it suitable primarily for securing large BTC transactions rather than everyday use, which limits its broader applicability.
- Community Divisions and Temporary Solution: The Bitcoin community is divided on how to address quantum threats, with the QSB proposal viewed as a temporary solution; while it offers a viable quantum-safe transaction method, a long-term approach is still needed to tackle potential quantum computing threats.
- Priority of Protocol Changes: Researchers emphasize that while the QSB scheme is effective, it should be treated as a last resort, and protocol-level changes remain the preferred long-term solution to ensure security for all users and use cases, particularly as the Lightning Network is not covered.
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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 7 technical signals, shows that 3 indicators are flashing buy, while 4 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 | 0.0488 | 0.0727 | 0.095 | 0.119 | 0.141 | 0.165 | 0.187 |
| Fibonacci | 0.0727 | 0.0904 | 0.101 | 0.119 | 0.137 | 0.147 | 0.165 |
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