A new Bitcoin draft proposal wants to do what’s long been unthinkable: Freeze coins secured by legacy cryptography — including those in Satoshi Nakamoto’s wallets — before quantum computers can crack them.

That’s according to a new draft proposal co-authored by Jameson Lopp and other crypto security researchers, which introduces a phased soft fork that turns quantum migration into a ticking clock. Fail to upgrade, and your coins become unspendable.

That includes the roughly 1.1 million BTC tied to early pay-to-pubkey addresses, like those of Satoshi’s and other early miners.

“This proposal is radically different from any in Bitcoin’s history just as the threat posed by quantum computing is radically different from any other threat in Bitcoin’s history,” the authors explained as a motivation for the proposal. “Never before has Bitcoin faced an existential threat to its cryptographic primitives.”

“A successful quantum attack on Bitcoin would result in significant economic disruption and damage across the entire ecosystem. Beyond its impact on price, the ability of miners to provide network security may be significantly impacted,” they added.

The draft BIP outlined three phases:

Phase A: Banning sending funds to legacy ECDSA/Schnorr addresses, nudging users toward quantum-resistant formats like P2QRH. (Starts 3 years after BIP-360 implementation)

Phase B: Make all legacy signatures invalid at the consensus layer. Coins in quantum-vulnerable addresses become permanently frozen. (Kicks in 2 years after Phase A)

Phase C (optional): Introduce a recovery path for stuck coins using zero-knowledge proof of BIP-39 seed possession. This could be a hard or soft fork.

But Why Now?

Bitcoin’s cryptography has never faced an existential threat and still doesn’t, except pre-emptive ones that can possibly target early wallets. Researchers say quantum computers capable of breaking ECDSA may arrive as soon as 2027.

A May report by CoinDesk flagged a new study suggesting that breaking RSA encryption with quantum computers may require 20 times fewer resources than previously thought.

Although Bitcoin uses elliptic curve cryptography, it remains vulnerable to quantum attacks similar to those threatening RSA. Current quantum computers are not yet capable of breaking these encryption methods, but research is rapidly advancing.

Earlier in July, eight legacy Bitcoin wallets moved over $8.5 billion worth of ‘Satoshi-era’ bitcoin after 15 years of dormancy — sparking speculation, among some, about moving to wallets with improved security as

That’s the red line for Lopp and the team.

Around 25% of all bitcoin have exposed their public keys, meaning they’re vulnerable to a “Q-day” style attack. If attackers are patient, they could use quantum tools to quietly drain dormant wallets over time without tripping alarms.

“Quantum attackers could compute the private key for known public keys then transfer all funds weeks or months later, in a covert bleed to not alert chain watchers,” the draft proposal stated. “Q-Day may be only known much later if the attack withholds broadcasting transactions in order to postpone revealing their capabilities.”

The proposal is still in draft stage and has no BIP number yet. And it may be the only way Bitcoin survives a quantum future.

Read more: Is Crypto Ready for Q-Day?

Eclipse, the layer 2 that combines technology from the Ethereum and Solana blockchains has gone live with an airdorp of its $ES token.

The team behind the network shared that the initial distribution will occur over the next 30 days.

According to a press release shared with CoinDesk, a total of 1 billion $ES tokens have been minted. Of the supply, 15% is allocated to an airdrop and liquidity provisions for core community members and developers who have supported the network from the start. 35% will support ecosystem growth and research and development, aimed to help scale the network.

Contributors will receive 19% of the supply, including team members,with a four year vesting period and three year lockup schedule. The remaining 31% is for early supporters and investors, who are subject to a three year lockup schedule in order to commit with Eclipse’s roadmap long-term.

The team also said that the $ES token serves several purposes on the network. It acts as the gas token for the Eclipse chain, and it also enables decentralized governance. Token holders will be able to vote on key protocol upgrades and fee structures, such as Maximal Extractable Value (MEV) redistribution rates. The team also emphasized that the token’s utility may evolve over time with its decentralized governance.

The eclipse network went live in November 2024, but not without some controversy. Neel Somani, Eclipse Labs’ co-founder and former CEO, was ousted from the company in May 2024 after he received some sexual misconduct allegations against him on X. Further controversy came in July when a CoinDesk investigation revealed that Somani had secretly allocated an outsize share of the $ES supply to a partner at Polychain. That deal with the Polychain partner no longer exists, a spokesperson at Eclipse previously told CoinDesk.

Read more: VC Darling Eclipse Finally Debuts Its Solana-Ethereum Blockchain Hybrid

Ripple has expanded its institutional custody services into the Middle East, partnering with UAE-based tokenization platform Ctrl Alt to support Dubai’s government-led real estate digitization initiative.

The deal, announced on Tuesday, will see Ctrl Alt use Ripple’s custody infrastructure to store tokenized property title deeds issued by the Dubai Land Department (DLD) on the XRP Ledger (XRPL).

Ripple’s technology will underpin the secure storage and lifecycle management of fractionalized real estate titles, which forms a key component of Ctrl Alt’s end-to-end infrastructure for asset tokenization.

Ctrl Alt recently became the first VASP in Dubai authorized to offer issuer-related services under the Virtual Assets Regulatory Authority (VARA), tying token issuance directly to on-chain custody.

The move comes amid growing momentum for cryptocurrencies in Dubai. Ripple was granted a license by the Dubai Financial Services Authority (DFSA) earlier this year and has since launched partnerships with Zand Bank and Mamo, and secured approval for its RLUSD stablecoin within the Dubai International Financial Centre (DIFC).