Overview
- Coinbase convened outside experts in cryptography, quantum computing, and blockchain to evaluate long‑term risks and provide guidance to developers, institutions, and users.
- The board’s first paper, focused on impacts to consensus and transaction layers, is slated for publication within the next month or two.
- Named members include Scott Aaronson, Dahlia Malkhi, Dan Boneh, Justin Drake, Sreeram Kannan, and Yehuda Lindell.
- Experts and Coinbase executives say the threat from large‑scale, error‑corrected quantum machines is not imminent but requires multi‑year preparation.
- Coinbase research cited by industry outlets estimates that roughly 20% to 50% of Bitcoin’s supply may be exposed to future long‑range quantum attacks, underscoring the need for upgrades such as larger keys and other defensive changes.