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…

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