October 14th 2026, 12:00 PM
Coinbase Urges Bitcoin to Prepare for Quantum Computing Threat
Key Summary
Coinbase is urging Bitcoin to prepare for the potential threat of quantum computing, which could compromise the cryptocurrency's security. The exchange believes that the post-quantum migration should start now in a phased approach to allow adaptation without full network upgrades. This comes as researchers predict that a stable and functional quantum computer could be feasible by 2029, while the US government wants all tech systems to be quantum-proof by 2035.
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Introduction
Coinbase has issued a warning about the potential threat of quantum computing to Bitcoin's security.Technical Background
Bitcoin's security is based on elliptic curve cryptography (ECC) or ECDSA, which could be cracked by a quantum computer.Proposed Solution
Coinbase proposes allowing one or more post-quantum (PQ) signature systems via proposed P2MR or P2TRv2 address systems.Hybrid Configuration
The exchange also recommends a hybrid configuration that allows one to spend using classical keys or PQ keys for a smooth migration.Addressing Dormant or 'Lost' Bitcoin
Coinbase suggests addressing dormant or 'lost' Bitcoin separately to avoid delaying the migration process.Conclusion
Coinbase is taking proactive steps to prepare Bitcoin for the potential threat of quantum computing.Coinbase, Bitcoin, US government, Google researchers
Regulatory Enforcement
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A close-up photo of a Bitcoin transaction being processed on a high-performance computer, with a subtle background of quantum computing elements, such as quantum processors or quantum-resistant algorithms, to represent the threat of quantum computing to Bitcoin's security.
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