@VitalikButerin: El Salvador's multi-address Bitcoin strategy is quantum-smart
AI summary of the linked articleVitalik Buterin argues that El Salvador's approach of spreading its Bitcoin across multiple unused addresses is smarter than critics on CT assume, though he states low confidence in the guess. His reasoning is that addresses already used to spend coins expose the ECDSA public key and are therefore vulnerable to quantum attack, while unused addresses secured by hashes are quantum-resistant. He says splitting funds into multiple unused accounts is mainly a convenience, since it allows spending from one account without leaking the public key of the others. He notes that deterministic wallets with fresh change addresses are the standard approach, but that generating addresses from a master public key lets an attacker recover child private keys once one is known, and cold-storage generation makes onchain accounting hard, so pre-generating a fixed set of addresses is simpler. |
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