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Bitcoin's quantum crisis 'solvable', says Coinbase CEO 🌌

Brian Armstrong argued that quantum computing will not "break the blockchain," pointing to ongoing work to upgrade to a "post-quantum world."

šŸ“ What you need to know

While ā€œQ-Dayā€ preys on Bitcoin fans’ 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 ā€œsolvableā€ in a recent interview, pointing to the exchange’s newly established quantum advisory board and its work with blockchains to ā€œupgrade 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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