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Crypto & Bitcoin

Coinbase Prepares Bitcoin Ecosystem for Post-Quantum Security Threat

Reported by Guido Battigelli, Crypto Economy

Image: Crypto Economy

Coinbase presented its proposals to prepare the Bitcoin network for threats posed by quantum computing , a technology that could compromise the cryptographic systems currently used to secure transactions. The exchange, which custodies approximately 5% of all existing BTC , explained that it is already adapting its own systems and collaborating with Bitcoin developers and researchers. It also participates in the Bitcoin Security Consortium and supports open-source projects. The company warned that transitioning to post-quantum security mechanisms will take several years , making it necessary to begin preparations before quantum computers capable of breaking current cryptographic systems become available.

This is an excerpt. The reporting belongs to Crypto Economy.

Read the full report on crypto-economy.com
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