The Coinbase Quantum Advisory Council has issued a statement declaring that Quantum poses no risk to Bitcoin, at least not now.
A paper compiled by researchers from various universities and crypto entities says not all crypto is at risk to Quantum. Specifically, Bitcoin’s “core infrastructure” is safe, and mining, hash functions, and historical information are not at risk.
The report states that wallet-level risk is a problem that quantum computing could eventually hack and pilfer your crypto.
While stating that Quantum doesn’t really exist today, it is coming, and now is the time to prepare by upgrading security measures across the entire crypto ecosphere.
The Council says different blockchains are addressing the issue in different ways:
- Bitcoin is exploring new address formats that better protect keys, though the community hasn’t committed to a full upgrade plan yet.
- Ethereum has published a detailed migration roadmap that could actually improve network scalability in the process.
- Solana, Algorand, and Aptos have each begun offering or planning quantum-resistant options for users.
- Layer 2 networks like Optimism have announced transition plans with specific deadlines.
As for Coinbase, they say they are adopting practices that simplify updates and improve resilience against cyber threats.
While threats may not be imminent, the future remains unknown. Google’s research sees potential risks emerging from 2029 to 2035.
