A compliant platform establishes an advisory board to address the threat of quantum computing to Bitcoin

Source: PortaldoBitcoin Original Title: Coinbase Creates Advisory Board to Mitigate Quantum Computing Risks to Bitcoin Original Link:

Quantum Computing Drives Blockchain Security Upgrades

As advancements in quantum computing prompt blockchain developers to reevaluate security assumptions, a compliance platform announced this Thursday (22nd) that it is forming an independent advisory committee to discuss how to protect blockchains like Bitcoin and Ethereum from future quantum computer threats.

Although quantum computers capable of breaking modern cryptography** currently do not exist**, researchers warn that the transition of the global financial system and blockchain to new cryptographic standards could take years—prompting some companies to start planning before the technology becomes a reality.

A spokesperson for the compliance platform told relevant media: “Quantum computing is advancing, and while we do not believe it poses an imminent threat to cryptocurrencies today, the reality is that updating global networks and security standards will take many years. We are now formally establishing this advisory committee so that the ecosystem can plan ahead, responsibly assess evidence, and coordinate pragmatic steps to keep blockchain infrastructure resilient in the long term.”

The advisory committee includes University of Texas at Austin professor Scott Aaronson, University of California, Santa Barbara FinTech Research Laboratory director Dahlia Malkhi, Stanford cryptographer Dan Boneh, Ethereum Foundation researcher Justin Drake, University of Washington associate professor and EigenLayer founder Sreeram Kannan, and compliance platform chief cryptographer Yehuda Lindell.

Professor Aaronson stated: “I joined the advisory committee because it seems like an opportunity to provide factual guidance on extremely important matters, and they need people involved in quantum computing work.”

The compliance platform said the committee will publish papers assessing risks related to quantum computing, issue guidance for users and developers, and provide independent analysis after significant progress in the field.

Aaronson added: “No one truly knows how long it will take before quantum computers can break current public key cryptosystems—possibly years to decades. What is clear is that we now need to think about transitioning to post-quantum cryptography, and we need to be capable of responding to future events when they occur.”

From Theory to Practice

Although current quantum computers are still too small and unstable to threaten blockchain networks, developers are no longer viewing the risk as purely theoretical.

Bitcoin and Ethereum rely on elliptic curve cryptography, which researchers claim can be broken by sufficiently powerful and error-corrected quantum machines using Shor’s algorithm—allowing attackers to derive private keys from public keys.

In response, developers of large networks have begun exploring post-quantum cryptography methods and migration paths, including hybrid signature schemes and phased upgrades, while debating their impact on performance, coordination, and timing.

Ethereum co-founder Vitalik Buterin advocates that protocols should adopt quantum-resistant cryptography long before the threat becomes real; on the other hand, Cardano founder Charles Hoskinson and others warn that moving too quickly could significantly slow down the network without proper hardware support.

Quantum researchers say this announcement reflects increasing pressure from financial and tech companies to develop post-quantum security, as governments worldwide push to formalize new cryptographic standards.

Quantum researcher and post-quantum cryptography firm BTQ advisor Anastasia Marchenkova said this announcement has increased questions about how the compliance platform will respond to quantum technology.

“So this announcement comes at the right time. I am glad that the compliance platform is paying attention to this issue because it is indeed very important for the long-term survival of cryptocurrencies,” she said.

Marchenkova pointed out that although discussions about quantum threats are not new in the crypto space, these discussions have gained new urgency as regulators begin formalizing post-quantum standards. She emphasized that there is still skepticism about the timeline for practical quantum computing and added, “This will not be a simple process.”

Nevertheless, Marchenkova stressed that the combination of academic and private sector expertise in the advisory committee addresses the core challenge of collaborative post-quantum security planning.

“Not just the compliance platform people, not just researchers; also cryptocurrency experts,” she said. “This is important because one of the biggest challenges in post-quantum security is bringing together people who understand quantum computing with those who understand cryptography and real-world systems.”

As a publicly listed company, the compliance platform’s open stance on quantum risks carries weight both inside and outside the cryptocurrency industry, as banks and infrastructure providers increasingly incorporate post-quantum threats into their security planning.

“Every additional individual and entity that starts talking about post-quantum security is another signal that this topic is being considered,” Marchenkova said, emphasizing that the compliance platform is a well-known brand, even to those outside the crypto field, which could bring the quantum debate to ordinary users.

“If you start researching cryptocurrencies, the compliance platform is a name that appears to everyone,” Marchenkova said. “This announcement is a step toward saying that this could indeed impact you in some way—so let’s start discussing this issue.”