Coinbase advisory board says quantum computing threat is on the horizon, crypto needs a plan

The 50-page paper concludes that while today’s blockchains remain secure, a future “fault-tolerant quantum computer” capable of breaking widely used encryption is increasingly plausible, and preparation must begin now. What to know : A Coinbase-backed report warns that while quantum computers aren’t an immediate threat to crypto, the industry must start preparing now for a future where they could break current encryption. Although post-quantum solutions exist, switching will be complex and costly, pushing major crypto ecosystems like Ethereum and Solana to begin exploring gradual transition strategies.