Proposal for Provable Address-Control Timestamps to Protect Bitcoin Ownership
- Introduction of PACTs: Dan Robinson's proposal for Provable Address-Control Timestamps (PACTs) allows Bitcoin holders to privately record proof of wallet ownership without moving coins, thus providing protection against potential future quantum threats.
- Implementation Steps Explained: PACTs involve generating a 256-bit secret salt, signing a message, and submitting the hash to OpenTimestamps, completing the timestamping process without on-chain transactions, which enhances user privacy by avoiding on-chain fees.
- Quantum Threat Response: Should Bitcoin activate a soft fork that freezes quantum-vulnerable coins, PACTs offer a rescue path allowing holders to submit a STARK proof to ensure their commitment was made before quantum computers emerged, thereby safeguarding their assets.
- Comparison with BIP-361: Unlike BIP-361's proposed five-year timeline for freezing quantum-vulnerable addresses, PACTs do not require Bitcoin to decide on a sunset immediately, instead providing holders a no-on-chain-cost method to preserve evidence that may be needed in the future.
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
