Tag Archives: BIP-361

Coinbase Quantum Report Warns Millions Of Bitcoin Could Face Future Security Risks

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TL;DR Coinbase’s Quantum Advisory Council published a report on post-quantum migration and abandoned coins. The report estimates that millions of Bitcoin may eventually be exposed through legacy address formats and address reuse. The risk is future-oriented; the report does not say quantum computers can break Bitcoin today. Coinbase Flags Long-Term Quantum Exposure Coinbase’s Quantum Advisory… Continue reading Coinbase Quantum Report Warns Millions Of Bitcoin Could Face Future Security Risks→

Coinbase Council Warns 7 Million Bitcoin May Face Future Quantum Risk

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TL;DR Coinbase’s Quantum Advisory Council says post-quantum migration planning should begin before quantum attacks become practical. The report estimates about 7 million BTC are quantum-vulnerable because public keys are exposed through legacy formats or address reuse. About 1.7 million BTC are said to sit in legacy Pay-to-Public-Key addresses, including early mined and potentially abandoned coins.… Continue reading Coinbase Council Warns 7 Million Bitcoin May Face Future Quantum Risk→