Coinbase Lays Out Post-Quantum Needs for Bitcoin Custody
🔒 Coinbase emphasizes the need for a new digital signature scheme for Bitcoin to ensure quantum resistance, while also considering the constraints of block space and usability for custodians and wallets.
🛠️ The exchange is proactively preparing its systems and collaborating with Bitcoin developers to explore potential solutions like P2MR and P2TRv2, which could facilitate future transitions to post-quantum signatures.
⚖️ Concerns about stateful post-quantum signatures and the implications for wallet migration are highlighted, with ongoing discussions about protocol-level freezes and alternative recovery methods for users who may be left behind.
🔒 Coinbase emphasizes the need for a new digital signature scheme for Bitcoin to ensure quantum resistance, while also considering the constraints of block space and usability for custodians and wallets.
🛠️ The exchange is proactively preparing its systems and collaborating with Bitcoin developers to explore potential solutions like P2MR and P2TRv2, which could facilitate future transitions to post-quantum signatures.
⚖️ Concerns about stateful post-quantum signatures and the implications for wallet migration are highlighted, with ongoing discussions about protocol-level freezes and alternative recovery methods for users who may be left behind.