Insider Brief

• A Coinbase advisory board report concluded that while quantum computers capable of breaking current blockchain cryptography are not imminent, the cryptocurrency industry should begin preparing now for a transition to post-quantum security.
• The report identified post-quantum migration challenges including larger signature sizes, the lack of efficient post-quantum aggregate signatures, potential impacts on blockchain throughput and fees, and difficult governance questions surrounding dormant wallets.
• The analysts recommended that blockchains, exchanges, custodians and wallet providers adopt crypto-agile strategies and develop phased migration plans rather than waiting for cryptographically relevant quantum…