Bitcoin’s new quantum defenses, 18.9M SOL cancelled: Hodler’s Digest
Bitcoin moves toward a post quantum future, Solana validators agree to curb rampant inflation and the bull case from Bernstein is for Bitcoin to peak at $500K this cycle.
Bitcoin's researchers are taking steps to prepare for a post-quantum future. Solana validators adopted a proposal to double the annual disinflation rate, canceling 18.9 million SOL over six years. StarkWare's Avihu Levy tested a quantum-resistant transaction on the Bitcoin mainnet through a 10,000-satoshi output protected by his Quantum Safe Bitcoin scheme.
Blockstream researchers proposed a new signature scheme, SHRINCS, designed specifically for Bitcoin, though it is still larger than existing signatures. Solana processed a record number of transactions in July, with non-stop growth since December. A report states that US President Donald Trump's crypto assets have left investors underwater by an estimated $4.7 billion since 2022.
Bitcoin's recent rally has outpaced most AI-linked infrastructure stocks, with three mining companies seeing gains of 41% to 67%. The Bitcoin ETFs have minted over $3.3 billion in August. Revolut launched its first stablecoin, EURR, in Denmark, Poland and Portugal, and Bitcoin is currently up 1.1% to $78,420.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
