Project Eleven builds quantum recovery tool for Bitcoin wallets, excludes Satoshi's coins

Project Eleven has developed a proof-of-concept tool designed to help Bitcoin wallet owners recover access if quantum computers become capable of forging cryptographic signatures. The solution uses a wallet's own key-derivation path as a form of ownership verification, bypassing the need for traditional signatures. The tool is notably lightweight, running in just 243 milliseconds on a standard laptop. However, the recovery mechanism does not apply to Satoshi Nakamoto's estimated 1.1 million coins, which lack the necessary derivation path data. The development highlights growing efforts within the crypto community to address quantum computing threats to blockchain security.