Coinbase Forms Expert Board to Prepare Bitcoin for Quantum Computing Risks - Yahoo Finance
Summarize this article with:
Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has... Coinbase has launched an independent advisory board aimed at preparing Bitcoin and the broader blockchain ecosystem for the long-term risks posed by quantum computing, as advances in the field raise questions about the durability of today’s cryptographic standards. Quantum computers, once developed at scale, could disrupt industries ranging from healthcare and finance to national security, the exchange said in a recent blog post. For blockchain networks, the implications are particularly serious. Most major chains, including Bitcoin and Ethereum, rely on elliptic-curve cryptography, a system considered secure today but potentially vulnerable to sufficiently powerful quantum machines in the future. To address that possibility, Coinbase is forming the Coinbase Independent Advisory Board on Quantum Computing and Blockchain, bringing together leading researchers to assess emerging risks and offer guidance to developers, institutions, and users. According to Coinbase, the board will operate independently and publish position papers evaluating the state of quantum computing and its implications for blockchain security. It will also issue practical recommendations on how individuals and organizations can prepare for long-term quantum threats, and provide timely analysis when major breakthroughs in quantum research occur. The advisory board includes several prominent figures from cryptography, quantum computing, and blockchain research. Quantum Threatens $600B of Bitcoin 🎧🤖@nic_carter joins me for an in-person @PodcastDelphi to cover his 6 months of research on Quantum's effect on $BTCNic's first and only podcast on QuantumListen directly here, or on any of the links below pic.twitter.com/CSnv7xekqn Members include Scott Aaronson, a leading quantum computing researcher and director of the Quantum Information Center at the University of Texas at Austin, Stanford cryptography professor Dan Boneh, Ethereum Foundation researcher Justin Drake, EigenLayer founder Sreeram Kannan, Coinbase head of cryptography Yehuda Lindell, and Dahlia Malkhi, a specialist in secure distributed systems and head of the UCSB Foundations of Fintech Research Lab. Coinbase says the group’s collective expertise is intended to help the industry move beyond theoretical discussions and toward concrete planning. While large-scale quantum computers capable of breaking current cryptography do not yet exist, the company argues that preparation must begin years in advance. Coinbase plans to publish the board’s first position paper early next year, outlining a baseline assessment of quantum-related risks and potential paths toward resilience. As reported, Coinbase CEO Brian Armstrong has outlined a plan to expand access to global capital markets through blockchain-based tokenization, arguing that billions of adults remain locked out of equity and bond investing. In a new policy paper, Coinbase says structural barriers have excluded nearly two-thirds of the world’s adult population from wealth creation as returns on capital continue to outpace wages. The paper highlights sharp geographic and economic divides in market participation. While more than half of adults in the US invest in equities or bonds, participation falls below 10% in countries such as China and India. Armstrong argues that access is largely determined by where someone is born, not their talent, pointing to extreme home bias that keeps investors concentrated in local markets despite limited exposure to global growth. Get dialed in every Tuesday & Friday with quick updates on the world of crypto Get dialed in every Tuesday & Friday with quick updates on the world of crypto The information on this website is for educational purposes only, and investing carries risks. Always do your research before investing, and be prepared for potential losses. 18+ and Gambling: Online gambling rules vary by country; please follow them. This website provides entertainment content, and using it means you accept out terms. We may include partnership links, but they don't affect our ratings or recommendations. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and are not intended for UK consumers. We use cookies to offer a better browsing experience, analyze site traffic, personalize content, and serve targeted advertisements.By clicking accept, you consent to our privacy policy & use of cookies.