Coinbase, Holding 5% of All Bitcoin, Urges Immediate Action on Quantum Threat
Key Highlights Current Bitcoin cryptographic standards, specifically ECDSA and Schnorr, face future vulnerabilities from cryptographically relevant quantum computers (CRQCs). Google researchers indicate that quantum computers capable of reverse-engineering private keys from public keys could materialize as early as 2029. Cryptocurrency exchange Coinbase emphasizes that adopting post-quantum (PQ) cryptography requires resolving complex constraints, including block space ...