New wallet offers way to tackle Bitcoin’s quantum risk without a fork
The Postquant Labs project uses Arch Network to deliver post-quantum signature protection without a Bitcoin soft fork, sidestepping both Jameson Lopp’s freeze proposal and Paul Sztorc’s hard fork.
What to know:
- Postquant Labs is launching Quip Network’s post-quantum bitcoin wallet, which uses the Arch Network smart contract layer to add WOTS+ signatures without changing Bitcoin’s base protocol.
- The product debuts amid contentious proposals to harden Bitcoin against quantum attacks, including BIP-361’s plan to phase out vulnerable addresses and Paul Sztorc’s eCash hard fork that would reassign some Satoshi-linked coins.
- Quip’s backers argue their Layer 2 approach can immediately narrow the window for quantum attacks without a soft fork or consensus change, though the Bitcoin deployment, infrastructure and third-party audit are still new and incomplete.
Quip uses that infrastructure to add a post-quantum signature scheme called WOTS+, short for Winternitz One-Time Signature, on top of Bitcoin’s existing security. WOTS+ is a tested cryptographic technique that does not rely on the elliptic curve math a quantum computer could break.
By using a “Layer 2” — shorthand for a separate network built on top of Bitcoin that processes transactions and settles back to the main chain—developers can add features without changing Bitcoin’s base layer.
“The Bitcoin community has delayed a fix for years, despite Satoshi himself discussing the quantum problem,” Postquant Labs CEO Colton Dillion said in a statement to CoinDesk. “Developers say any protocol upgrade could take 5 to 10 years, but with Quip’s approach, we provide similar protection immediately.”
