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Coinbase, which holds 5% of all bitcoin, wants the quantum fix started now

Coinbase, which holds 5% of all bitcoin, wants the quantum fix started now
Photo: CoinDesk

BTC when published $83,671Now $80,617 ▼ −3.65% since it was published

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…

First reported by CoinDesk. This page is a short excerpt; the full text is theirs.

Read the full story at CoinDesk (opens in a new tab)

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