Coinbase launches expert board to assess quantum computing threat

Coinbase launches expert board to assess quantum computing threat

Bitcoin is one of the world’s most battle-tested pieces of software. Launched in early 2009, the network has run continuously without being hacked, and today feels more secure than ever. There is, however, a threat on the medium-term horizon that threatens not only Bitcoin but every other type of software that relies on current encryption technology. That threat is quantum computing and, on Wednesday, Coinbase announced it has created a board of…

A Wall Street analyst warns that quantum computing could eventually crack the cryptography of bitcoin

A longtime crypto bull is ditching bitcoin for gold. Christopher Wood, the global head of equity strategy at Jefferies, said he just cut bitcoin out of his firm’s long-term model portfolio, where the token has accounted for around 5%-10% of the portfolio’s allocation for the last five years. That’s because the price of the crypto has likely peaked, but also because there’s an existential threat he sees jeopardizing the bitcoin ecosystem: quantum…

Alex Pruden: Quantum computing threatens Bitcoin's cryptographic security, 30-40% of Bitcoin is exposed to risks, and the urgent need for post-quantum cryptography

Quantum computing presents a significant future threat to Bitcoin due to its slow governance processes. Quantum computing operates on principles that allow it to perform tasks classical computers cannot, posing a threat to cryptographic algorithms. Experts predict a wide range of timelines for wh... The post Alex Pruden: Quantum computing threatens Bitcoin’s cryptographic security, 30-40% of Bitcoin is exposed to risks, and the urgent need for p…