$1.42B
has set up an independent group to study how quantum computing could influence the security of digital currencies such as Bitcoin
In the company’s blog post published on January 21, Coinbase said the advisory board will include researchers and specialists in cryptography, blockchain security, distributed systems, and quantum computing.
The members come from both universities and the crypto industry, including experts from the Ethereum ecosystem and Coinbase.
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The board’s goal is to publish studies explaining how progress in quantum technology could affect existing blockchain networks. It will also prepare recommendations for developers, organizations, and everyday users.
Coinbase said the board will react to major scientific advances with its own independent reports and evaluations.
According to the company, the group will not be directed by Coinbase’s management. Instead, it will act as an external body that shares open research with the public.
Its first detailed paper is expected in early 2027 and will describe the main risks quantum computing poses to current encryption methods.
At the same time, Coinbase plans to continue improving its systems, including how Bitcoin addresses are managed and how private keys are protected. The firm is also investing in research on cryptographic standards designed to resist future quantum threats.
A recent Coinbase Institute report stated that today’s main financial gap is between those with access to capital markets and those without. What does the report cover? Read the full story.
