BlockBeats News, February 13 — Senior analysts James Van Straten from Bullish and CoinDesk commented on the BIP-360 proposal, stating that after Bitcoin’s price reached $60,000, the entire industry has finally begun to take this threat seriously, which is a reassuring development.
Straten mentioned that once consensus is reached, the market could see a dramatic 50-100% revaluation within a few weeks. However, he also expressed concerns about the disposal of Bitcoin held by Satoshi Nakamoto and other long-dormant Bitcoins.
Earlier reports indicate that Bitcoin Improvement Proposal 360 (BIP-360) has been added to the official code repository. The proposal introduces the Pay-to-Merkle-Root (P2MR) output type, aimed at enhancing Bitcoin’s defenses against quantum computing threats through a soft fork.
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