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Algorand, Aptos Quantum-Ready, Proof-Of-Stake Exposed: Coinbase

Cointelegraph
Coinbase reports that while Algorand and Aptos are taking steps toward quantum security, other proof-of-stake networks remain vulnerable to future quantum computing threats.

Summary

A new report from Coinbase’s Independent Advisory Board on Quantum Computing and Blockchain highlights the potential risks quantum computers pose to digital asset security. While warning that a sufficiently powerful machine could eventually break current cryptographic standards, the report commends Algorand and Aptos for proactively implementing quantum-resistant measures. Algorand has begun deploying quantum-secure account tools, and Aptos allows users to update authentication keys for post-quantum security without moving assets.

Conversely, the report suggests that many proof-of-stake blockchains face greater risks due to current validator signature schemes. While major networks like Ethereum and Solana are developing roadmaps to address these vulnerabilities, the board emphasizes that an immediate threat does not yet exist. A machine capable of compromising these systems is estimated to be at least a decade away, providing time for networks to transition to more resilient cryptographic protocols.

(Source:Cointelegraph)