Coinbase, which holds 5% of all bitcoin, wants the quantum fix started now
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.
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Summary
- Coinbase says Bitcoin should begin preparing now for quantum computers that could eventually derive private keys from public keys and drain vulnerable wallets.
- The exchange recommends flexible post-quantum signatures, staged adoption, reliable implementations and support for both individual users and institutions using multiparty security systems.
- Coinbase says the contentious question of how to handle dormant or late-migrating wallets should be addressed separately so it does not delay broader protections.
