El Salvador has overhauled how it stores the nation’s bitcoin, saying the change both strengthens security today and prepares for technological risks that could emerge in the future.
In an announcement on Friday, the Bitcoin Office said the country’s entire reserve has been moved out of a single wallet and spread across many new ones. Each wallet will hold no more than 500 BTC, a limit meant to reduce the potential damage if any one of them were ever compromised.
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Officials described the new setup as following established industry practices while also anticipating advances in quantum computing. Quantum machines, they noted, could one day break the cryptographic math that secures bitcoin, as well as everyday systems like banking, email and
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