BIP-360
Coverage of BIP-360 in the Nexus archive.
- BlackRock Says Crypto Can Outrun the Quantum Threat — If It Moves Fast Enough
BlackRock, the world’s largest asset manager, argues that upgrading cryptocurrencies to quantum-resistant standards is technically feasible and easier than building quantum computers capable of breaking current cryptography. The firm highlights challenges in coordination for decentralized networks like Bitcoin but supports efforts like the Bitcoin Security Consortium to fund open-source development for quantum-resistant solutions.
- Coinbase Builds Post-Quantum Custody System, Funds Bitcoin’s Crypto Upgrade
Coinbase is developing a post-quantum custody system to prepare for potential future threats from quantum computers breaking Bitcoin's cryptography. The company has formed an advisory board and joined the Bitcoin Security Consortium to advance quantum-safe blockchain upgrades.
- Nearly 10% of Bitcoin supply is ‘structurally unsafe’ from quantum breakthrough: Glassnode
Analytics provider Glassnode found that nearly 10% of Bitcoin supply is structurally unsafe due to a potential quantum breakthrough. This highlights the need for a quantum-proof implementation like BIP-360. The vulnerability affects a significant portion of the Bitcoin supply.
- Bitcoin’s Quantum Problem Is Really a Governance Crisis in Disguise: UTXO
Bitcoin's vulnerability to quantum computing threats is framed as a governance challenge rather than a technical one. Proposals like BIP-360 and Hourglass aim to mitigate risks, but debates persist over migrating legacy addresses and handling non-migratable coins like Satoshi Nakamoto's holdings.