One key fact about the quantum threat for non-technical crypto investors
Each of us will need to take the last, crucial step to protect our digital assets ahead of Q-Day
It won’t be enough for the blockchains to upgrade and enable quantum-secure wallets that can withstand quantum computers.
Everyone who controls a cryptocurrency address will need to move their assets to a new quantum-secure signature scheme, themselves. Manually.
Uncle Vitalik and Uncle Anatoly can’t move your coins for you, and Uncle Satoshi is gone. This final step is going to fall on everyone who owns a crypto wallet.
The quantum threat is a hot topic, but crypto denizens don’t seem to realize quite how this will come home for each and every one of us.
Further, it’s largely been framed as a Bitcoin problem, but all the biggest blockchains share this issue, to one extent or another. Ethereum, Solana, XRPLedger, Dogecoin… all of them will need to upgrade in some way.
And then every user will need to sign a transaction to move their coins. This is the upshot of “not your keys, not your coins.”
And, collective…