Bitcoin Upgrade: BIP-360 Proposal Implemented
The Bitcoin core development team recently approved and integrated BIP-360, marking a significant step in strengthening the network against quantum computing threats. The proposal introduces Pay-to-Merkle-Root (P2MR), enhancing both flexibility and security in transaction outputs.
Soft Fork Mechanism Boosts Network Defense
Using a soft fork ensures backward compatibility, minimizing disruption during the upgrade. P2MR makes Bitcoin address structures more complex, significantly raising the bar for potential quantum attacks.
- Increases long-term network security
- Optimizes transaction design for future expansion
- Mitigates risks from high-powered computing attacks
This update not only addresses current concerns but also prepares Bitcoin for potential threats from future advancements in computing power.