Coinbase CEO Brian Armstrong announced the formation of an advisory board to assess quantum computing implications for the blockchain industry. The group comprises distinguished researchers in quantum computing, cryptography, and blockchain systems to prepare for future threats. Security is a top priority at Coinbase, necessitating preparation for potential threats many years away.

The advisory board will publish research papers on the state of quantum computing and its impact on blockchains. It will provide recommendations for organizations and respond in real-time to tangible threats. Notable researchers like Justin Drake and Sreeram Kannan will be part of the board. This move aligns with industry discussions on quantum computing’s effects on cryptocurrencies.

Ethereum creator Vitalik Buterin emphasized the need for quantum-resistant technology deployment earlier this month. However, Michael Saylor, Executive Chairman of MicroStrategy, believes quantum computing will make Bitcoin more resilient. Upgrading Bitcoin to a quantum-resistant version could take up to a decade, according to Jameson Lopp, Chief Security Officer at Casa.

Grayscale’s December report stated that quantum computing won’t significantly affect cryptocurrency valuations until 2026. Still, Bitcoin and other blockchains will eventually require updates for post-quantum tools. As digital assets become more prominent in portfolios, investors seek platforms like Kraken Pro for diversified crypto exposure with transparency, efficiency, and control.

Read more at Yahoo Finance: Quantum Computers Have Crypto Implications