Coinbase, which holds 5% of all bitcoin, wants the quantum fix started now
Source: CoinDesk ·
From the source
Coinbase says bitcoin should start preparing for quantum computers now, with flexible addresses, a backup quantum-proof key and a separate debate over lost coins. What if someone builds a quantum computer fast enough to crack your bitcoin wallet's security and siphon off your coins? That's on everyone's mind, since some projections suggest that such a quantum machine, though it doesn't exist today, could arrive within a few years. Nasdaq-listed crypto exchange Coinbase COIN $181.88 · Market Closed , which holds about 5% of all bitcoin in existence today for its clients, including banks, asset managers and hedge funds, has shared its thoughts on that question in a new blog post , laying out what it believes bitcoin needs to do to stay secure against a "potential future" quantum threat. Its first point is to start preparing now, not wait for the risk to arrive, and handle the question of lost coins separately. To follow the exchange's suggestions, it helps to know how Bitcoin's locks…