Bitcoin's quantum crisis 'solvable', says Coinbase CEO đ
Brian Armstrong argued that quantum computing will not "break the blockchain," pointing to ongoing work to upgrade to a "post-quantum world."
đ What you need to know
While âQ-Dayâ preys on Bitcoin fansâ 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 âsolvableâ in a recent interview, pointing to the exchangeâs newly established quantum advisory board and its work with blockchains to âupgrade to a post-quantum cryptography world.â
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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