In a landmark announcement at the World Government Summit in Dubai, cryptocurrency visionary David Chaum has unveiled a revolutionary solution to safeguard Bitcoin against emerging quantum computing threats. The American cryptographer, widely regarded as the founding father of digital currency, demonstrated what he describes as the first practical method to quantum-proof Bitcoin without requiring fundamental changes to its underlying blockchain architecture.
Chaum’s breakthrough centers on modifying wallet software rather than altering the core blockchain protocol. “This can be implemented without modifying the chain itself, simply by updating the software in users’ digital wallets,” Chaum explained to Khaleej Times. “The solution is immediately deployable and addresses a critical vulnerability that could otherwise compromise Bitcoin’s security infrastructure.”
The timing coincides with the UAE’s accelerating emergence as a global cryptocurrency hub. Chaum praised the nation’s balanced approach to regulation and innovation, noting: “The UAE is establishing itself as the genuine center of crypto technologies through rigorous standards combined with remarkable diversity across different emirates. The level of interest and energy here is unprecedented.”
Chaum, who previously attended the summit, expressed particular admiration for UAE leadership’s forward-thinking approach. The event itself, themed ‘Shaping Future Governments,’ brings together international organizations, thought leaders, and private sector representatives to explore technological solutions to global challenges.
Beyond cryptocurrency security, Chaum addressed broader technological transformations, highlighting artificial intelligence’s growing influence on governance structures. “The fundamental question humanity must confront is how we can leverage AI to enhance self-governance without ceding control to autonomous systems,” he stated, acknowledging the UAE’s rapid integration of AI into government operations.
Chaum identified privacy as an increasingly critical concern in the AI era, noting that “privacy has evolved from a niche interest to a pivotal issue” as artificial intelligence systems develop unprecedented knowledge about individuals.
Looking toward the coming decade, Chaum characterized the current period as a historical inflection point: “We’re at a phase change in human history—potentially moving toward either a constrained world or one of greater openness and abundance. My work is dedicated to steering us toward the more positive trajectory.”