“At a high level, all crypto has to do is upgrade to quantum-resistant algorithms. So, no need to panic,” said CZ on X on Tuesday.
His comments followed the release of a research paper from Google on Monday, warning that quantum computers need far less power than originally thought to break Bitcoin and Ethereum cryptography.
CZ said that it was hard to organize upgrades in a decentralized world, and that there will likely be many debates over which algorithms to use, leading to some forks.
“Some dead projects may not upgrade at all,” he said, adding that it might be good to “cleanse out those projects anyway.”
“Fundamentally, it’s always easier to encrypt than decrypt, more computing power is always good, [and] crypto will stay, post quantum.”
Satoshi’s Coins Could be a Problem
CZ questioned Satoshi’s stash of Bitcoins, an estimated 1 million BTC.
“If those coins move, then it means he/she is still around, which is interesting to know,” he said. However, if
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