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$BTC The quantum computing risks for Bitcoin (BTC) and cryptocurrencies have become one of the most debated topics recently, with statements from prominent figures in the sector continuing to emerge.
Finally, Coinbase CEO Brian Armstrong made important statements on the subject.
Brian Armstrong, CEO of Coinbase, the largest cryptocurrency exchange in the US, called for a collective effort to address the quantum risk in Bitcoin.
Armstrong said that making Bitcoin resilient to quantum transactions is an urgent problem that everyone needs to solve together.
Armstrong stated that he would personally investigate the issue of quantum resistance, adding that he believed it needed to be resolved as soon as possible.
These statements follow earlier remarks by Coinbase Chief Strategy Officer (CSO) Philip Martin, who indicated that it was time to begin addressing the quantum computing problem.
Martin stated that quantum transaction-resistant cryptography already exists, but Bitcoin’s implementation in this area needs to be accelerated.
Specifically, Martin stated that this issue needs to be addressed before a quantum computer capable of breaking Bitcoin’s encryption emerges, emphasizing the need for industry-wide consensus.
Martin stated that quantum risk cannot be solved by a single developer or company, requiring a collaborative, ecosystem-wide response.
$BTC Between threatening Iran’s power plants, saying the Iran War would last 2-3 more weeks, and calling out NATO, there was nothing new,” observed the Kobeissi Letter.
“Yet, the market is now trading like the Iran war is ramping up for another month-long escalation. Why? Because he didn’t explicitly de-escalate.”
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$ALGO Algorand is not currently quantum-resistant, but it has some features that could help it adapt in the future.
🔐 What “quantum resistance” means Quantum computers (using principles of Quantum Computing) could break today’s
common cryptography like:
ECDSA signatures (used in most blockchains)
Based on problems like Discrete Logarithm Problem
If powerful quantum machines arrive, wallets and transactions could be vulnerable.
⚙️ Algorand’s situation Algorand uses: Standard public-key cryptography (ECDSA-like) → ❌ not quantum-safe today But also has: Cryptographic agility → ability to upgrade algorithms Pure Proof-of-Stake (PPoS) design → flexible protocol upgrades
👉 This means: It is not quantum-resistant right now But it can potentially upgrade to quantum-safe cryptography later
🧠 Important nuance Quantum threat is still future risk, not immediate: Current quantum computers are too weak Experts estimate 10–20+ years for real danger
BASED, a super-app token integrating various financial services, has seen a 59.54% price increase in the last 24 hours, reaching $0.1196. Despite a mintable supply and high concentration among top holders