Following new Google research highlighting an accelerating quantum-computing threat to crypto, former Binance CEO Changpeng Zhao (CZ) weighed in with a pragmatic — if brisk — prescription: upgrade cryptography.
In a social media post on X (previously Twitter), the founder of the crypto exchange sought to ease concerns while acknowledging the technical and governance challenges ahead.
A Complex Task For The Crypto IndustryCoordination problems, disputes over which algorithms to adopt, and the inevitable forks that may follow are likely. Some projects may never migrate, and CZ suggested that failing or dormant projects might be better off disappearing than becoming easier targets.
CZ raised an additional point about Satoshi’s coins. If those long‑dormant addresses move, it would strongly suggest that their owner is active; if they remain untouched for long enough, he proposed locking or effectively burning them to prevent them from becoming targets for attackers who might break old cryptography.
New Steps Against Quantum ThreatsIts co‑founder, Vitalik Buterin, previously emphasized the need for changes in how Ethereum stores data and signs transactions to remain secure against future quantum advances.
Yet, CZ’s bottom line was optimistic: “Fundamentally: It’s always easier to encrypt than decrypt. More computing power is always good. Crypto will stay, post quantum,” the former Binance CEO said to conclude his social media post.
Featured image from CNBC, chart from TradingView.com
