AmericanFortress Unveils Quantum-Safe Crypto Wallet Protection Scheme

AmericanFortress has proposed a quantum-safe crypto wallet protection scheme that doesn't require users to migrate their funds or change wallet addresses.

The company's proposal, published in a technical paper on the Cryptography ePrint Archive, uses zero-knowledge proofs derived from a wallet's original seed phrase instead of replacing the elliptic curve cryptography underlying existing wallets.

This approach is compatible with seed-based hierarchical deterministic wallets used across Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other blockchain networks that rely on elliptic curve cryptography, according to AmericanFortress.

The company cited a recent Bloomberg analysis estimating that up to $470 billion in Bitcoin could be vulnerable to quantum attacks if sufficiently powerful quantum computers become available.