Quantum computers will be an amazing innovation when they arrive commercially. When a suitably powerful general purpose error-corrected quantum computer becomes available then conventional digital signature schemes will be broken. These signature schemes currently protect the funds in addresses on all blockchains in the crypto space from theft. Quantum computers are coming and funding in the space has surged in the last year in a diverse space containing small hardware startups and projects funded by IBM, google and Microsoft. The QRL is designed to be ready for such an eventuality today.Quantum computers already exist but they are low in qubits but IBM is on schedule and it’s only a matter of time before the FBI, for example, uses a quantum computer to hack a bitcoin wallet. As you can see from the IBM roadmap, the first quantum systems that will be able to break the bitcoin cipher are scheduled for 2024-2025. The Quantum Resistant Ledger is first quantum currency ever made and this is official approved by NIST (National Institute of Standards and Technology)


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2 Comments

  1. TripleReward on 12. January 2023 at 20:20

    > then conventional digital signature schemes will be broken

    This claim is wrong as it makes it seem like everything will be broken, while in reality most commonly used algos are quantum safe.

     


  2. TangibleCertainty77 on 12. January 2023 at 20:20

    QRL is the First Quantum Currency ever created, its anti-quantum computer technology officially approved by NIST (National Institute of Standards and Technology).