TechFlow News: On April 21, the Coinbase Quantum Computing and Blockchain Independent Advisory Committee released its first position paper, stating that sufficiently powerful quantum computers could, in the future, break the cryptographic mechanisms used by mainstream blockchains to secure digital assets. However, such devices do not yet exist, and crypto assets remain secure today. The industry should begin preparing for quantum-resistant upgrades now. The paper notes that Bitcoin mining, hash functions, and on-chain historical records currently face no material risk; the primary vulnerability lies at the wallet layer—in digital signatures. Ethereum has already proposed a relatively clear migration roadmap, while Solana, Algorand, and Aptos have either begun offering or are planning quantum-resistant solutions.
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