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Bitcoin’s roadmap to address potential threats from quantum computing is taking shape around Pay to Merkle Root (P2MR) and SHRINCS, according to Woo Blockchain.
BIP-360, which is currently in draft form, aims to introduce Pay to Merkle Root (P2MR) to reduce the risk of public keys remaining exposed for long periods. It also provides a foundation for a future shift to signature methods that can respond to quantum computing threats. Blockstream Research’s SHRINCS is a SHA-256-based hash signature scheme designed to work alongside that upgrade path. The goal is to allow users to move funds before quantum computers capable of posing a practical threat to cryptographic systems emerge.