Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong downplayed concerns on Wednesday that quantum computing could crack the encryption of blockchains in the future.
Coinbase ‘Front-Footed’ On Quantum Risks, Says Armstrong
During an interview with CNBC, Armstrong said that quantum computing is a very “solvable” issue and that Coinbase is already “front-footed” in addressing it.
“We’re in regular contact with the major blockchains about a path to upgrade to a post-quantum cryptography world,” the cryptocurrency mogul said. “So we’re going to stay engaged on that.”
Coinbase announced the formation of an advisory board last month to assess the implications of quantum computing and prepare for “threats,” even those many years away.
The advisory board will publish research papers on the state of quantum computing, its blockchain implications, issue recommendations to organizations, and respond in real time to …