Crypto exchange Coinbase’s Quantum Advisory Council has released a report calling for the Bitcoin community to start work now on quantum-proofing the world’s largest cryptocurrency. It found that approximately seven million bitcoins are at risk of quantum theft, which could happen when quantum computers become powerful enough to break Bitcoin’s encryption. How far off that is remains a matter of debate, with some experts saying it’s at least a decade off. Others disagree. Google has set a 2029 deadline for quantum-proofing all of its encryption, citing the accelerating speed of advancements in the field. While those seven million bitcoins include some 1.7 million produced in the early days of the…
Blockchain and Cryptocurrency: People, Culture and Tech