CZ: No Need to Panic About Quantum Threat, Cryptocurrency Just Needs to Upgrade to Quantum-Resistant Algorithm

**March 31: CZ Calms Crypto Community Over Quantum Computing Fears** Binance CEO Changpeng Zhao (CZ) posted on Binance Square March 31, noting he’s observed some in the crypto space panicking or skeptical about quantum computing’s impact on cryptocurrencies. From a macro view, he said, crypto only needs to upgrade to quantum-resistant (post-quantum) algorithms—so panic is unnecessary. That said, implementation hurdles exist: - In a decentralized landscape, protocol upgrades aren’t straightforward. Debates over which algorithm to adopt could spark forks. - Projects that’ve ceased development may never upgrade; cleaning these up could be a net positive. New code might also introduce short-term vulnerabilities or security gaps. Self-custody Bitcoin holders will need to move funds to quantum-resistant wallets—raising a question about Satoshi Nakamoto’s holdings: - If those coins are moved, it would signal Satoshi is still alive—an interesting twist. - If the addresses stay inactive for a set period, locking them (or rendering them unspendable) may be wise to stop quantum crackers from seizing them. - Identifying all Satoshi-linked addresses is challenging (they could be confused with old hodler addresses)—a topic for later discussion. Fundamentally, CZ stressed: - Encryption will always outpace decryption. - More computing power is always beneficial. - Cryptographic tech will persist beyond the quantum era.