
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.
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
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