Coinbase Is Getting Serious About Quantum Computing Threats

Coinbase wants to deal with one of the largest potential new risks in crypto: quantum computing.

What’s happening:

• Coinbase (NASDAQ: COIN) has officially formed a new advisory board known as the Coinbase Independent Advisory Board on Quantum Computing and Blockchain to begin studying potential risks to digital assets from quantum computing threats
  

Why it matters:‍

• This is the first time ever that Coinbase has formed an advisory board solely focused on quantum computing risks and preventing potential attacks from quantum computers to individual crypto wallets
  

Going deeper:‍

• Coinbase’s new advisory board includes multiple leading academic professors in quantum computing theory and cryptography, as well as Justin Drake from the Ethereum Foundation
  
• Securing digital assets against potential threats from quantum computing has been an emerging theme in the public markets lately, with BTQ Technologies (NASDAQ: BTQ) just recently launching their Bitcoin Quantum testnet which is aiming to replace Bitcoin’s existing Elliptic Curve Digital Signature Algorithm

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