Coinbase CEO Brian Armstrong has downplayed concerns about quantum computing's potential impact on blockchain security, describing it as a "very solvable issue." In a CNBC interview, Armstrong emphasized that the crypto industry has ample time to enhance cryptographic standards to counter any future threats posed by quantum advancements.
Coinbase has established a Quantum Computing Advisory Board, featuring experts like Scott Aaronson, Dan Boneh, and Justin Drake, to collaborate with major blockchains on developing a post-quantum cryptographic migration roadmap. The board will provide risk assessments and strategies for transitioning to quantum-resistant cryptography. While current quantum computers are not yet capable of breaking existing cryptographic systems, the industry is proactively working on solutions, with initiatives from Solana, Bitcoin, and Ethereum to enhance quantum security.
Coinbase CEO Asserts Quantum Computing Threat to Crypto is Manageable
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