Coinbase Warns Bitcoin Can’t Wait for Quantum Computers to Become a Threat

Coinbase warns Bitcoin cannot wait for quantum computers to become a threat, urging developers to prepare for cryptographic upgrades, wallet changes, and migration challenges. Coinbase is urging Bitcoin developers to begin preparing for quantum computing threats, warning that transitioning the network to quantum-resistant cryptography could require years of technical work and coordination. In a blog post published on October 13, the exchange outlined recommendations for strengthening Bitcoin against future quantum attacks, including upgrades involving wallet providers, exchanges, and institutional custodians. The concern centers on Bitcoin’s reliance on ECDSA and Schnorr digital signatures to authorize transactions.