Coinbase Advisory Board Warns of Bitcoin Quantum Risk: No Community Consensus Yet, Urges Immediate Preparation for Quantum-Resistant Migration
TechFlame
2026-06-13 06:57
TechFlame2026-06-13 06:57
English
A cryptography expert advisory committee led by Coinbase has released a report stating that Bitcoin should immediately begin preparing for potential quantum computing attacks. However, it did not take a clear stance on whether to freeze the millions of Bitcoins that could potentially be stolen by quantum computers in the future.
According to reports, the committee includes top experts such as Ethereum Foundation researcher Justin Drake. They believe the current point of contention is not how to introduce quantum-resistant signature technology, but rather how to handle long-unmoved Bitcoin. One faction advocates setting a deadline, after which Bitcoin’s existing ECDSA and Schnorr signature schemes would no longer be supported, and unmoved assets would be frozen to prevent future quantum attackers from obtaining large amounts of BTC and disrupting the market. The other faction argues that this amounts to asset confiscation, violating Bitcoin’s core principles of immutability and full user control over assets, and could set a precedent for freezing assets under regulatory pressure in the future.
The Coinbase advisory committee noted that these approaches are not mutually exclusive and could be combined, but declined to take a position on whether to freeze legacy BTC. It stated that the ultimate decision should be left to Bitcoin’s community governance while emphasizing two points: first, technical development for quantum-resistant signature migration should begin immediately, without waiting for governance debates to conclude; second, clear risk information must be communicated to users to avoid long-term uncertainty affecting the Bitcoin ecosystem.