Coinbase Warns Bitcoin Must Prepare For Quantum Computing Before It’s Too Late
TL;DR: Coinbase is encouraging the Bitcoin ecosystem to begin planning for quantum-resistant security well before practical attacks become possible. Network upgrades could require years of development and consensus. Bitcoin does not face an imminent quantum-computing emergency, but Coinbase believes waiting for one would be a dangerous mistake. The exchange has been encouraging researchers, wallet developers […]
Key Takeaways
- TL;DR: Coinbase is encouraging the Bitcoin ecosystem to begin planning for quantum-resistant security well before practical attacks become possible.
- Network upgrades could require years of development and consensus.
- Bitcoin does not face an imminent quantum-computing emergency, but Coinbase believes waiting for one would be a dangerous mistake.
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Banks could slow stablecoin growth by paying savers more, BIS paper finds
A BIS working paper found a 1 basis point rise in U.S. bank deposit rates predicted slower stablecoin growth, cutting ten-week growth from 15% to 12%.
Circle Targets 40 New Markets As USDC Push Moves Beyond Crypto Trading
TL;DR: Circle plans to expand USDC infrastructure into approximately 40 developing and emerging markets. The company is targeting international payments and access to digital dollars rather than relying solely on cryptocurrency exchange demand. Circle is…
Arthur Hayes Says OpenAI and Anthropic Are Worthless and Bitcoin Wins
Bitmex co-founder Arthur Hayes says the artificial intelligence boom is burning cash on a government backstop, and that the bigger it gets, the higher bitcoin goes. The Arguments Put Forth by Hayes Hayes laid out the convictions on the Convergence podcast…