Quantum-Safe Bitcoin Transactions Introduced by StarkWare Researcher
- Quantum-Safe Transaction Method: Avihu Levy from StarkWare has introduced a quantum-safe Bitcoin transaction method that replaces traditional digital signatures with hash-based cryptographic proofs, marking a significant advancement in Bitcoin's defense against quantum computing threats.
- Cost Analysis: Processing a QSB transaction incurs costs between $75 and $200, which is substantially higher than the approximately $0.33 for standard Bitcoin transactions, thus limiting its practical application to high-value transfers.
- Emergency Solution: While QSB offers immediate quantum resistance, it is regarded as an emergency measure, with the team emphasizing that protocol-level modifications remain the preferred long-term protection strategy, with BIP-360 as a potential comprehensive solution whose implementation timeline is still undefined.
- Industry Response and Challenges: StarkWare's CEO described the proposal as “huge,” yet Bitcoin ESG expert Daniel Batten highlighted that the research fails to address the security of publicly visible keys and inactive wallet addresses, potentially jeopardizing the security of approximately 1.7 million Bitcoins.
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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 6 technical signals, shows that 3 indicators are flashing buy, while 3 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 | 0.0609 | 0.0847 | 0.11 | 0.134 | 0.159 | 0.183 | 0.208 |
| Fibonacci | 0.0847 | 0.103 | 0.115 | 0.134 | 0.153 | 0.164 | 0.183 |
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