Coinbase Advisory Committee: Quantum computing threat looms, crypto industry needs to develop response plans

CoinFeed reported on April 22 that, according to CoinDesk, a report commissioned by Coinbase and authored by an independent advisory committee warns that the threat of quantum computing to the crypto industry is looming, and the industry needs to start preparing now. The report, authored by cryptographers and academics including Dan Boneh of Stanford University, Justin Drake of the Ethereum Foundation, and Sreeram Kannan of Eigen Labs, concludes that while current blockchains remain secure, the possibility of "fault-tolerant quantum computers" capable of breaking widely encrypted systems is increasingly looming.