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

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

CoinDesk summarizes Coinbase's recommendations for making Bitcoin quantum-resistant before a cryptographically relevant quantum computer (CRQC) can derive private keys from public keys. The proposals are: a transaction format that can carry new signature types (P2MR/BIP-360, P2TRv2), staged hybrid "1-of-2" spends with ECDSA/Schnorr or a post-quantum key, and stateless options alongside stateful schemes to avoid key-reuse forgery. They also ask that evaluation favor constant-time, RNG-failure-safe implementations, require MPC compatibility, and handle dormant or late-migrating coins as a separate debate. It is a useful overview of the defensive migration design space, but it is secondary reporting and not the primary Coinbase paper.

TL;DR Coinbase urges Bitcoin to start post-quantum signature migration now: flexible address formats, hybrid 1-of-2 spends, stateless options, MPC-friendly schemes, and a separate debate on lost coins.

Organisations named here

  • CRQC
  • P2MR
  • P2TRv2
  • Schnorr

Technologies named here

  • P2MR
  • P2TRv2
  • Post-quantum cryptography
  • Long-dormant Bitcoin wallets and wallets that migrate late
  • Multi-party computation
  • Bitcoin
  • ECDSA
  • Coinbase
  • BIP-360

Techniques named here

  • Quantum attack
  • Stateful post-quantum signature misuse