Coinbase emphasizes need for Bitcoin quantum-resistant signature schemes
COIN Coinbase Global Inc
$181.79 +0.78%
View chart & analysis → - 1Coinbase stated that preparations must begin long before the emergence of quantum computers capable of breaking cryptographic technology used by Bitcoin.
- 2Approximately 6.9 million BTC exists in public key exposure addresses according to estimates from the Coinbase Quantum Advisory Committee.
- 3Quantum risk is a major consideration considering the value of Bitcoin held by Coinbase exceeds $80 billion at current prices.
So what's the key point?
Quantum computers could break Bitcoin's cryptographic technology, so preparations must be made in advance. This is an important issue to protect the value of the more than $80 billion in Bitcoin held by Coinbase.
Source BeInCrypto +1 · View original ↗
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