Wu said he learned that Coinbase’s Quantum Computing and Blockchain Advisory Committee released its first position report, saying that overall, crypto assets are currently still secure, but the industry needs to prepare in advance for the potential threats posed by quantum computing. The report points out that in the future, quantum computing may be able to break the digital signature mechanisms used for verifying asset ownership, thereby impacting the security of wallet layers, while Bitcoin’s mining mechanism, hash functions, and on-chain historical data are not subject to any material threats in the short term. Taking Bitcoin as an example, roughly 6.9 million BTC face potential risk due to public key exposure. The report also says that post-quantum cryptography solutions already exist, but widespread adoption across the industry still faces challenges such as cost, performance, and user migration. Currently, multiple blockchains, including Ethereum, have begun exploring relevant upgrade paths.