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The good news is that the Bitcoin development community has already responded. A proposal, BIP 360, introduced in late 2024, aims to remedy the vulnerabilities by creating quantum-resistant addresses (starting with BC1R). These addresses would incorporate postquantum cryptographic algorithms like Falcon and Crystals Dilithium, providing double-layer security against future quantum threats.
However, adopting these new protocols and migrating the entire network will take time—estimated at least 76 days with full participation, and possibly up to two years under realistic conditions. This underscores the importance of proactive planning.
Practical Steps for Bitcoin Holders Today
Given the current landscape, what can individual investors and users do?