- Mathematics professor Dr. Massimiliano Sala urges cryptocurrency firms to prioritize quantum-resistant systems.
- Quantum computer technology poses a serious threat to digital assets, requiring proactive security measures.
A recent interview Massimiliano SALA, Professor of Mathematics and Cryptography at Trento University in Italy, has stressed that cryptocurrency companies must strengthen their defences to prevent future quantum attacks. Sala, who is also the leader of the Italian Cryptographic Association (ICA), highlighted the serious threat that quantum computers present to digital signatures and crypto assets.
Dr. Sala stressed that the immediate threat of quantum attacks It may not seem urgent. The potential of such threats materializing is enough to justify proactive measures. Quantum computers, once fully developed and tested, will have the ability to handle complex problems which classical computers are unable to. The current cryptographic algorithms used to protect digital signatures will be directly affected by this development.
“The probability of quantum threats materializing may not be imminent, but it is significant enough to warrant proactive measures,” Sala stated. Sala argued for an immediate shift to quantum resistant cryptographic system, arguing that this upgraded technology can provide long-term protection against quantum attacks.
We are proud to offer our #UBRI Explore the intersection of quantum computing and blockchain with Professor Massimiliano Sala. @UniTrento. Discover the quantum challenges blockchain is facing and progress made towards quantum resistant cryptography.https://t.co/UnpxUfCX5D
— Ripple (@Ripple) May 18, 2024
Quantum-resistant Cryptography
Sala argues that there are certain trade-offs involved in the switch to quantum-resistant technologies. The tradeoffs include larger data size requirements and increased computational needs for secure transaction. He argues, however, that it is still necessary to make the switch and begin by incorporating quantum safe elements in less sophisticated systems. critical areas of blockchain systems. The approach allows you to maintain the network while progressively increasing security.
Sala’s concerns echo those of the wider cryptographic community regarding the capabilities of future quantum computers. Researchers at the University of Sussex led by Mark Webber estimated in 2021 that a computer equipped with between 30 and 300 million qubits would be able to perform cryptographic operations. break the Bitcoin blockchain. Quantum technology advancements could reduce the requirement for such an assault. Current quantum computers only have 50-100 qubits.
Ripple’s investment in cryptographic quantum-resistant systems is a strategy to the future.proof Its XRP Ledger. Ripple wants to provide a competitive edge for the crypto industry by pioneering in this area. If XRPL is able to develop quantum-resistant methods of cryptography, this could have a significant impact on the adoption rate.
Settlement of Ripple SEC Lawsuit
Ripple has also been working on quantum computing. ongoing legal battle Market observers have been focused on the SEC. This lawsuit is in its final phase of settlement and could have a significant impact on Ripple, XRP, or both.
XRP’s price movement in recent months reflects its resilience and growth potential. XRP has not outperformed major tokens such as Bitcoin, Ethereum and Solana in the past 12 months. However, it is showing modest gains that hint at its potential to grow above-average in the near future.
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Source: www.crypto-news-flash.com