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Coinbase Forms Advisory Board to Tackle Quantum Computing Threats

TLDR

• Coinbase has launched an independent advisory board to address the risks quantum computing poses to blockchain security.
• The board will assess the potential vulnerabilities in blockchain cryptographic systems, including those used by Bitcoin and Ethereum.
• Leading experts in quantum computing, cryptography, and blockchain have joined the advisory board to provide guidance and solutions.
• Coinbase aims to publish its first position paper early next year, outlining the risks and paths toward resilience in the blockchain industry.
• The advisory board will issue practical recommendations for individuals and organizations to prepare for the long-term threat of quantum computing.

Coinbase has launched an independent advisory board to address the long-term risks quantum computing poses to blockchain networks. The new board aims to assess the potential vulnerabilities of cryptographic systems used in blockchain technology, including Bitcoin and Ethereum. As quantum computing advances, Coinbase believes it is crucial to prepare for future disruptions to the current cryptographic standards that secure the crypto ecosystem.

Coinbase Forms Independent Advisory Board on Quantum Computing

Coinbase has established the Coinbase Independent Advisory Board on Quantum Computing and Blockchain to tackle the growing concern about quantum computing’s impact on cryptography. The board will bring together experts from cryptography, blockchain, and quantum computing fields to assess the risks posed by the emerging technology. As the threat of quantum computers becomes more tangible, Coinbase is focusing on preparing the industry for future challenges.

The advisory board’s mission is to provide guidance to developers, institutions, and users on how to navigate quantum threats. In addition to offering analysis on quantum research breakthroughs, the board will publish position papers and issue practical recommendations. This effort will help the blockchain community stay ahead of potential vulnerabilities that could emerge once quantum computers reach a critical scale.

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Advisory Board to Tackle Quantum Computing Risks

Coinbase’s advisory board includes well-known figures from the worlds of quantum computing, cryptography, and blockchain research. Scott Aaronson, a leading quantum computing researcher, and Dan Boneh, a Stanford cryptography professor, are among the notable members. Other key members include Justin Drake, a researcher at the Ethereum Foundation, and Yehuda Lindell, Coinbase’s head of cryptography.

Dahlia Malkhi, a specialist in secure distributed systems, and Sreeram Kannan, founder of EigenLayer, also joined the team. Coinbase’s goal is to leverage this collective expertise to shift from theoretical discussions to actionable steps. The board’s first position paper, due early next year, will offer a detailed assessment of quantum computing risks and potential solutions.

Although large-scale quantum computers capable of breaking current cryptography do not yet exist, Coinbase is taking proactive steps to ensure the blockchain ecosystem is prepared. The company emphasizes the importance of preparing years in advance for the eventual risks that quantum computing could present.

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