WBTC prepares quantum-resistant shift, but custody and smart contracts remain hurdles
- —WBTC supply is 116,000 tokens with about $9.5 billion in bitcoin collateral
- —Custodians, smart contracts and host blockchains each need separate quantum-resistance reviews
- —WBTC plans to move reserves to new custodian bitcoin deposit addresses (CBDA)
- —A multi-custodian reserve model is under consideration to reduce concentration
Why it matters: The quantum threat is not yet realized, but the shift will touch wallets, exchanges and holders of $9.5 billion in WBTC.
Source: TokenPost