Quantum Computing Threat ‘Mostly a Coordination Issue’ for Bitcoin: Fireblocks CEO
The post Quantum Computing Threat ‘Mostly a Coordination Issue’ for Bitcoin: Fireblocks CEO appeared on BitcoinEthereumNews.com. In brief Fireblocks CEO Michael Shaulov argued that migrating to post-quantum signature schemes is “mostly a coordination issue” for Bitcoin, rather than a technical challenge. Shaulov flagged North Korean hacking attacks as a roadblock to institutional adoption of crypto. Crypto privacy is “the most important and unresolved issue” for Fortune 500 companies seeking to adopt crypto, he said. The threat posed by quantum computing to the cryptographic signature schemes employed by Bitcoin and other cryptocurrencies is “not actually a threat as people make it out to be,” according to Michael Shaulov, CEO of crypto infrastructure provider Fireblocks. Speaking at the Financial Times Digital Asset Summit, Shaulov argued that “the entire internet industry needs to basically leapfrog and start using post-quantum encryption,” adding that, “generally speaking, we have t