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Coinbase Releases Bitcoin Post-Quantum Upgrade Proposal: Calls for Early Planning of a Multi-Year Migration Path

PANews October 13 reports that Coinbase has published a technical discussion article on Bitcoin post-quantum readiness, stating that Bitcoin will need to prepare in advance for cryptographic risks that quantum computing may pose in the future and recommending that the community begin relevant migration preparations as early as possible. Coinbase believes that a post-quantum upgrade for Bitcoin involves not only selecting new post-quantum signature algorithms, but also comprehensively considering block-space constraints, full-node verification capacity, institutional custody needs, ordinary wallet compatibility, and solutions for funds that cannot be migrated. Bitcoin should consider introducing output structures that support post-quantum signatures and explore hybrid approaches, such as enabling the same funds to have both traditional ECDSA/Schnorr signature and post-quantum signature authorization paths to achieve a smooth transition. In addition, Coinbase emphasized that post-quantum migration requires...https://www.panewslab.com/zh/articles/01a135cf-5ad5-7173-8f47-326cf8e78270