**[Coinbase Advisory Board Releases Report on Impending Quantum Computing Threat, Urges Crypto Industry to Develop Countermeasures Early]** Odaily Planet Daily News: A 50-page report commissioned by Coinbase highlights that while current quantum computers are not yet capable of breaking the encryption technologies of networks like Bitcoin and Ethereum, large-scale fault-tolerant quantum computers will eventually be developed, and the crypto industry must start preparing now. The report was authored by an independent advisory board, whose members include cryptographers and scholars such as Dan Boneh from Stanford University, Justin Drake from the Ethereum Foundation, and Sreeram Kannan from Eigen Labs. The report estimates the timeline for quantum computers to break current encryption standards ranges from several years to over a decade. The U.S. National Institute of Standards and Technology (NIST) recommends transitioning to quantum-resistant cryptography by 2035, though the report suggests this timeline may be overly optimistic. Quantum-resistant cryptography already exists and is undergoing standardization, but post-quantum digital signatures can be tens to hundreds of times larger than current signatures, potentially increasing block sizes by up to 38 times and posing challenges such as wallet migration. The Ethereum Foundation has proposed quantum-resistant digital signature solutions, and projects like Solana are experimenting with quantum-resistant wallet designs. The report recommends adopting flexible transition strategies, such as hybrid systems, to avoid compromising current security while preparing for future upgrades.