Bitcoin’s New Quantum Defenses, 18.9M SOL Cancelled: Hodler’s Digest

StarkWare’s Quantum Safe Bitcoin (QSB) Scheme

StarkWare researcher Avihu Levy tested an experimental quantum-resistant transaction on the Bitcoin mainnet. The scheme combines hash-based one-time signatures with computational searches to bind an authorization to a specific transaction. While effective, it is more of a last resort due to the high cost and time required for each transaction.

Blockstream’s SHRINCS Signature Scheme

Blockstream researchers published a Bitcoin Improvement Proposal to upgrade Bitcoin with the SHRINCS signature scheme. The signature is significantly smaller than existing signatures, but still larger than Bitcoin’s current signatures. The proposal aims to address the quantum threat by providing a practical solution.

Solana Inflation Reduction Proposal

Solana validators have approved a proposal to reduce the annual disinflation rate from 15% to 30%. This will result in a 18.9 million SOL reduction over the next six years, bringing the terminal inflation rate to 1.5% in about 2.8 years. The proposal received strong support, with 60.7% of eligible stake participating and 67% in favor.

Revolut’s Euro Stablecoin

Revolut has launched a euro-pegged stablecoin called EURR, which will be integrated into its retail app and supported on the Ethereum network. The phased rollout is expected to expand to other European Economic Area (EEA) markets later this year.