Coinbase Urges Immediate Action to Prepare Bitcoin Against Quantum Computing Threats
COIN Coinbase Global Inc
$181.79 +0.78%
View chart & analysis → - 1Coinbase stated that Bitcoin must prepare flexible addresses and backup quantum-resistant keys starting now to defend against quantum computing threats.
- 2Coinbase, which manages 5% of all existing Bitcoin, proposed separate discussions regarding the handling of dormant coins.
- 3Google researchers predict that quantum computers capable of decryption could exist by 2029.
So what's the key point?
Coinbase suggested preparing Bitcoin security in advance to guard against attacks from quantum computers. Because decryption could become possible by 2029, the way Coinbase manages its Bitcoin holdings has become important.
Source CoinDesk +1 · View original ↗
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