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Start Preparing Now, Don’t Wait for Consensus

Start Preparing Now, Don’t Wait for Consensus

  • Coinbase’s Independent Advisory Board on Quantum Computing and Blockchain urged developers to start migrating Bitcoin and Ethereum to quantum-safe cryptography immediately.
  • The council estimated that roughly 7 million Bitcoins sit in addresses with exposed public keys, including coins linked to Satoshi Nakamoto and lost-key wallets.
  • Its report flagged an unresolved debate over what to do with crypto in addresses whose owners never migrate, outlining three competing approaches.

Coinbase’s Independent Advisory Board on Quantum Computing and Blockchain urged the crypto industry on June 11 to begin migrating Bitcoin, Ethereum, and other networks to quantum-safe cryptography immediately, arguing that uncertain…

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