to leave a comment.
▲ Cardano (ADA)/ChatGPT generated image
Cardano (ADA) is officially recognizing quantum computing threats as a long-term security challenge and is pursuing a governance-based response strategy for future network transitions.
According to The Crypto Basic on May 15 (local time), Cardano founder Charles Hoskinson stated in an interview with Gokhshtein News Network that Cardano is proactively addressing the long-term risks posed by quantum computing. Hoskinson explained that while the actual threat of quantum computing has not yet materialized, Cardano is researching quantum-resistant alternatives before the threat becomes imminent.
Hoskinson revealed that the Cardano ecosystem is currently voting on a quantum strategy and will release a research proposal focused on quantum resistance next week. He stated that the plan includes multiple partners, additional technical features, and a long-term migration path, designed to allow users to move to quantum-resistant infrastructure when necessary.
Hoskinson explained that Cardano could reference Bitcoin's (BTC) BIP-361 proposal. BIP-361 is a proposal to protect the Bitcoin network from quantum computing threats by enforcing a gradual transfer from existing addresses to quantum-resistant addresses over five years. Hoskinson believes Cardano could adopt a similar approach without significant difficulty.
"Supporting that migration path is very easy. It's just a hardfork that we implement every year," he said. Hoskinson emphasized that since Cardano regularly performs hardforks annually, it already possesses the technical foundation to coordinate a large-scale security transition.
Hoskinson stated that decentralized governance plays a key role in the face of structural threats like quantum computing. He explained that governance provides a framework for collective decision-making when blockchain ecosystems need to make critical decisions such as adjusting tokenomics, forming strategic partnerships, and responding to security threats. However, he added that governance could slow down processes in day-to-day operational decisions.
The Crypto Basic reported that several blockchain projects are moving from theoretical discussions to actual proposal stages in addressing quantum computing threats. Ripple unveiled a four-phase roadmap last month to make the XRP Ledger resistant to quantum threats by 2028, and Bitcoin developers proposed BIP-360 and BIP-361 to transfer vulnerable Bitcoin holdings to more secure addresses. Blockstream developers also proposed adopting hash-based post-quantum signature schemes like SHRIMPS and SHRINCS to enhance Bitcoin's resistance to quantum attacks.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
Newsletter
Get key news delivered to your email every morning
to leave a comment.