Coinbase Forms Quantum Advisory Board as Post-Quantum Risks Threaten Blockchain Security

CN
7 hours ago

Rising concerns over how future technologies could impact digital asset security are prompting new industry initiatives. Coinbase Global Inc. (Nasdaq: COIN), a U.S.-based cryptocurrency exchange and infrastructure provider, revealed in a blog post on Jan. 21 that it formed an independent advisory board dedicated to quantum computing and blockchain resilience.

“Quantum computers, if built at scale, have the potential to reshape entire industries, from finance and healthcare to materials science and national security,” Coinbase Head of Cryptography Yehuda Lindell, who authored the blog post, stated, adding:

“For blockchain, the stakes are especially high: the cryptographic foundations that secure digital assets today could be challenged by the advances of the coming years.”

The post explains that although large-scale quantum computing remains years away, its theoretical implications for cryptography justify early and coordinated action. The advisory board is positioned as an independent body intended to assess these risks, publish research, and share guidance across the broader crypto ecosystem.

Coinbase detailed: “Most modern blockchains—including Bitcoin and Ethereum, rely on elliptic-curve cryptography. While these systems remain secure today, the arrival of large-scale quantum computers could eventually weaken or break them. Preparing for that future requires collaboration across disciplines, rigorous cryptographic research, and proactive planning well before quantum computers become practical.”

Read more: Is Quantum Computing Casting a Shadow Over Bitcoin’s Price?

Additional details describe a panel whose expertise spans quantum information science, cryptography, consensus design, and distributed systems. Members include University of Texas at Austin Quantum Information Center Director Scott Aaronson, Stanford University cryptography professor Dan Boneh, Ethereum Foundation researcher Justin Drake, EigenLayer founder Sreeram Kannan, Lindell himself, and University of California, Santa Barbara distributed systems expert Dahlia Malkhi.

The blog post also links the board to a broader post-quantum security roadmap that includes updates to bitcoin address handling, improvements to internal key management, and longer-term research into post-quantum signature schemes such as ML-DSA (Module-Lattice-Based Digital Signature Algorithm) within secure multiparty computation systems. Lindell noted:

“Quantum computing is both a technological opportunity and a security challenge. By bringing together the foremost experts in the world, Coinbase is ensuring that the blockchain ecosystem is prepared, not just reactive.”

The advisory board’s first position paper is expected early next year, setting an initial benchmark for evaluating quantum risk and strengthening long-term blockchain resilience.

  • Why is Coinbase focused on quantum computing risks now?
    Quantum advances could eventually weaken cryptography that secures Bitcoin, Ethereum, and other digital assets.
  • What is the role of Coinbase’s quantum advisory board?
    The board will publish research and guidance to strengthen long-term blockchain security.
  • Which blockchains are most affected by quantum threats?
    Blockchains relying on elliptic-curve cryptography face potential future vulnerabilities.
  • What post-quantum solutions is Coinbase exploring?
    Coinbase is researching post-quantum signature schemes like ML-DSA and improved key management.

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