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- Bitcoin's quantum crisis 'solvable', says Coinbase CEO š
Bitcoin's quantum crisis 'solvable', says Coinbase CEO š
Brian Armstrong argued that quantum computing will not "break the blockchain," pointing to ongoing work to upgrade to a "post-quantum world."
š What you need to know
While āQ-Dayā preys on Bitcoin fansā minds, Coinbase CEO Brian Armstrong is sanguine about the threat posed by quantum computing to the encryption that underpins cryptocurrency.
He argued that the issue is āsolvableā in a recent interview, pointing to the exchangeās newly established quantum advisory board and its work with blockchains to āupgrade to a post-quantum cryptography world.ā
Blockchain projects around the world are taking preemptive action, with Bitcoin developers pushing the BIP 360 proposal, the Ethereum Foundation elevating post-quantum security to a top strategic priority, and the Solana Foundation trialling quantum-resistant digital signatures on a testnet.
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