Proposal for PACTs Addresses Bitcoin's Quantum Threat
- Overview of PACT System: On May 1, Paradigm's partner Dan Robinson proposed the Provable Address-Control Timestamps (PACT) system, which allows dormant Bitcoin holders to privately timestamp proof of key ownership before quantum computers arrive, creating a potential rescue path for Satoshi Nakamoto's estimated 1.1 million BTC.
- Three-Step Verification Mechanism: The PACT system implements a three-step process involving a secret salt, a BIP-322 ownership proof, and an OpenTimestamps commitment anchored on-chain, all without any public on-chain transactions, thereby protecting user privacy and reducing theft risks.
- Response Strategy for Quantum Soft Fork: Should Bitcoin implement a quantum sunset soft fork, PACT holders can submit a STARK zero-knowledge proof to reclaim their coins without exposing their keys, providing a new possibility for Bitcoin's future adaptation to quantum threats.
- Market Impact and Risk Warning: Robinson highlighted that if quantum computers arrive before Bitcoin adapts, approximately 1.7 million BTC, particularly those linked to Satoshi, valued at around $75 billion, would be at risk of theft, which could severely undermine market trust.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SATS
Technical Sentiment Analysis for SATS (Ordinals) (SATS). As of , SATS (Ordinals) (SATS) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SATS 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, SATS 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 $-.
SATS (Ordinals) (SATS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000000909 | 0.0000000111 | 0.0000000127 | 0.0000000147 | 0.0000000164 | 0.0000000184 | 0.00000002 |
| Fibonacci | 0.0000000111 | 0.0000000125 | 0.0000000134 | 0.0000000147 | 0.0000000161 | 0.000000017 | 0.0000000184 |
About SATS
About the author
