"Coinbase announced the creation of an Independent Advisory Board on Quantum Computing and Blockchain, aiming to safeguard the crypto ecosystem against emerging quantum threats. The board will bring together leading experts in quantum computing, cryptography, and blockchain to assess risks and provide guidance to the broader industry. Quantum computers, if scaled successfully, could compromise the cryptography that underpins major blockchains like Bitcoin and Ethereum. Coinbase, in their announcement, stressed that preparing for these future challenges is crucial to maintaining the security of digital assets."
"The advisory board includes notable figures such as quantum computing pioneer Scott Aaronson, Stanford cryptography expert Dan Boneh, Ethereum researcher Justin Drake, and Coinbase's own Head of Cryptography, Yehuda Lindell. The group says they will publish position papers, recommend best practices for long-term security, and respond to significant advances in quantum computing. This initiative is part of Coinbase's larger post-quantum security strategy, which also includes updating Bitcoin address handling, enhancing internal key management, and advancing research on post-quantum signature schemes."
Coinbase created an Independent Advisory Board on Quantum Computing and Blockchain to safeguard the crypto ecosystem against emerging quantum threats. The board brings together experts in quantum computing, cryptography, and blockchain to assess risks and provide guidance. Quantum computers, if scaled successfully, could compromise the cryptography underlying Bitcoin and Ethereum, making preparation critical for digital asset security. Board members include Scott Aaronson, Dan Boneh, Justin Drake, and Yehuda Lindell. The group will publish position papers, recommend long-term security best practices, and respond to significant quantum advances. Coinbase's strategy also updates Bitcoin address handling, enhances key management, and advances post-quantum signature research. First position paper expected early next year.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]