Project Eleven Launches Bitcoin Quantum Vulnerability Recovery Tool

Project Eleven has introduced a new zero-knowledge proof system that provides a recovery method for quantum-vulnerable Bitcoin proposed under BIP-361, covering the Bitcoin held by Satoshi Nakamoto. This solution leverages the ability of quantum computers to break elliptic curve signatures, but it cannot break the one-way hash used in modern wallet key derivation, allowing the true owners with seed material to prove their control. Benchmark tests show that the Project Eleven prototype is significantly faster than previous solutions; however, the prototype has not yet been audited and is incomplete. Controversial modifications to blockchain rules are needed to protect existing Bitcoin on-chain.

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