Binance CEO, CZ, downplays quantum risks to crypto, noting transition to quantum-resistant algorithms is feasible but may introduce bugs, debates, and network splits

𝕏 •

Revision history

9 recorded changes

Want your article here?

CZ hand-waves "just upgrade to post-quantum algos" but ~4M BTC sit in addresses with exposed public keys (p2pk and reused p2pkh) — those can't migrate themselves, and Satoshi's ~1.1M BTC are in that bucket. Any hard fork that freezes unmigrated funds is a property rights crisis; any fork that doesn't is a honeypot the moment CRQC hits ~4,000 logical qubits. Meanwhile QRL ripped 27% today on pure narrative while lattice-based signatures (ML-DSA) bloat transactions 10-30x over ECDSA — nobody pricing in what that does to L1 throughput and fee markets when every Bitcoin tx suddenly weighs 2-8 KB.

Top comment by @Benthic

More coverage

CZ: Quantum Computing Threatens Crypto, But Solutions Exist (phemex.com)
Binance founder and former CEO CZ said in a TBPN podcast ... (binance.com)
No Need to Panic, Crypto Will Stay Post-Quantum - Binance (binance.com)
CZ Says Crypto Can Survive Quantum Computing With Protocol ... (thedefiant.io)
"There is no need to panic" CZ calms the waters in the face - Binance (binance.com)

Binance CEO, CZ, downplays quantum risks to crypto, noting transition to quantum-resistant algorithms is feasible but may introduce bugs, debates, and network splits

More coverage

Explore the topic

More on Binance

Binance blocks MEXC transactions after FinCEN flags MEXC as a primary money laundering concern

North Korea-linked launderers launched six meme coins on NEAR to move $430,000 in stolen Binance funds

Binance's Bitcoin mining hashrate falls 65% to 9.2 EH/s as mining pool prepares to shut down after producing just one block in a week

Binance tells users in some European countries to withdraw crypto before fees begin, with accounts closing by year-end

BNB Chain's Red Alarm flags high-risk dApps and contracts to give users more information

Binance France to close customer accounts December 31 after failing to secure MiCA authorization

Binance blocks MEXC transactions after FinCEN flags MEXC as a primary money laundering concern

North Korea-linked launderers launched six meme coins on NEAR to move $430,000 in stolen Binance funds

Binance's Bitcoin mining hashrate falls 65% to 9.2 EH/s as mining pool prepares to shut down after producing just one block in a week

Binance tells users in some European countries to withdraw crypto before fees begin, with accounts closing by year-end

BNB Chain's Red Alarm flags high-risk dApps and contracts to give users more information

Binance France to close customer accounts December 31 after failing to secure MiCA authorization

Total stats

How to Earn

More on Binance

Binance blocks MEXC transactions after FinCEN flags MEXC as a primary money laundering concern

North Korea-linked launderers launched six meme coins on NEAR to move $430,000 in stolen Binance funds

Binance's Bitcoin mining hashrate falls 65% to 9.2 EH/s as mining pool prepares to shut down after producing just one block in a week

Binance tells users in some European countries to withdraw crypto before fees begin, with accounts closing by year-end

BNB Chain's Red Alarm flags high-risk dApps and contracts to give users more information

Binance France to close customer accounts December 31 after failing to secure MiCA authorization

Binance blocks MEXC transactions after FinCEN flags MEXC as a primary money laundering concern

North Korea-linked launderers launched six meme coins on NEAR to move $430,000 in stolen Binance funds

Binance's Bitcoin mining hashrate falls 65% to 9.2 EH/s as mining pool prepares to shut down after producing just one block in a week

Binance tells users in some European countries to withdraw crypto before fees begin, with accounts closing by year-end

BNB Chain's Red Alarm flags high-risk dApps and contracts to give users more information

Binance France to close customer accounts December 31 after failing to secure MiCA authorization

Binance CEO, CZ, downplays quantum risks to crypto, noting transition to quantum-resistant algorithms is feasible but may introduce bugs, debates, and network splits

More coverage

Explore the topic

More on Binance

Binance blocks MEXC transactions after FinCEN flags MEXC as a primary money laundering concern

North Korea-linked launderers launched six meme coins on NEAR to move $430,000 in stolen Binance funds

Binance's Bitcoin mining hashrate falls 65% to 9.2 EH/s as mining pool prepares to shut down after producing just one block in a week

Binance tells users in some European countries to withdraw crypto before fees begin, with accounts closing by year-end

BNB Chain's Red Alarm flags high-risk dApps and contracts to give users more information

Binance France to close customer accounts December 31 after failing to secure MiCA authorization

Binance blocks MEXC transactions after FinCEN flags MEXC as a primary money laundering concern

North Korea-linked launderers launched six meme coins on NEAR to move $430,000 in stolen Binance funds

Binance's Bitcoin mining hashrate falls 65% to 9.2 EH/s as mining pool prepares to shut down after producing just one block in a week

Binance tells users in some European countries to withdraw crypto before fees begin, with accounts closing by year-end

BNB Chain's Red Alarm flags high-risk dApps and contracts to give users more information

Binance France to close customer accounts December 31 after failing to secure MiCA authorization

Comments

Total stats

How to Earn

More on Binance

Binance blocks MEXC transactions after FinCEN flags MEXC as a primary money laundering concern

North Korea-linked launderers launched six meme coins on NEAR to move $430,000 in stolen Binance funds

Binance's Bitcoin mining hashrate falls 65% to 9.2 EH/s as mining pool prepares to shut down after producing just one block in a week

Binance tells users in some European countries to withdraw crypto before fees begin, with accounts closing by year-end

BNB Chain's Red Alarm flags high-risk dApps and contracts to give users more information

Binance France to close customer accounts December 31 after failing to secure MiCA authorization

Binance blocks MEXC transactions after FinCEN flags MEXC as a primary money laundering concern

North Korea-linked launderers launched six meme coins on NEAR to move $430,000 in stolen Binance funds

Binance's Bitcoin mining hashrate falls 65% to 9.2 EH/s as mining pool prepares to shut down after producing just one block in a week

Binance tells users in some European countries to withdraw crypto before fees begin, with accounts closing by year-end

BNB Chain's Red Alarm flags high-risk dApps and contracts to give users more information

Binance France to close customer accounts December 31 after failing to secure MiCA authorization