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Coinbase urges preparations for quantum attacks on bitcoin
Coinbase is calling on the cryptocurrency industry to prepare for potential quantum computing attacks that could threaten bitcoin's cryptographic security. The exchange's warning highlights growing concern that future quantum machines could break the encryption protecting bitcoin wallets and transactions, prompting calls for quantum-resistant upgrades before the threat materialises.
Why now: Quantum computing's rapid progress has raised fresh fears that it could eventually break the cryptography securing bitcoin.
Evidence
- Coinbase urges preparations for quantum attacks on bitcoin · Yahoo Finance
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