Quantum computing is advancing quickly, and it could pose a serious threat to the security of cryptocurrencies like Bitcoin and Ethereum. Google’s recent unveiling of its “Willow” chip, which can solve problems in minutes that would take traditional supercomputers billions of years, shows just how powerful these machines could become. In the future, quantum computers might break the encryption that keeps crypto assets safe today.
While cryptocurrencies are secure for now, the growing threat of quantum technology is making investors look at quantum-resistant coins as a way to protect their holdings.
While such technology remains in its early stages, Altcoin Daily host Austin Arnold says this development has reignited crucial discussions on blockchain security in a potential “post-quantum” world.
You might think Bitcoin is your best protection against future threats, but the rise of quantum computing is causing concern among crypto investors. The ability of quantum technology to disrupt crypto security is prompting many to explore quantum-resistant coins.
These coins use advanced cryptography, such as one-time digital signatures, to safeguard assets against quantum computing. They are designed to ensure that your investments remain secure as quantum technology continues to evolve.
First up on the list is, Algorand leads the way in quantum resistance with its innovative use of Falcon, a post-quantum digital signature technology. Every 256 blocks, Algorand cryptographically signs its blockchain history, ensuring past transactions remain secure even against quantum threats. While it doesn’t yet secure future transactions, protecting the chain’s history is a crucial step in preparing for the quantum era.
Cellframe, ranked 698, is a third-generation blockchain designed with quantum safety in mind. It supports post-quantum cryptography and includes features like multi-level sharding and hardware-friendly scalability.
Written in pure C language, Cellframe offers impressive performance and ease of upgrades, making it a strong choice for developers building quantum-safe applications. Currently priced at $1.80, CELL has risen by 17.27% in the last 24 hours, with a trading volume of $5.6M.
One of the popular coins, Hedera Hashgraph employs SHA-384 cryptography, a level of security that even the most powerful quantum computers are unlikely to breach. With its compliance with top-secret government standards, Hedera ensures its network remains secure as the quantum landscape evolves. Plus, its growing ecosystem, with big names like Karate Combat and Ton FM, adds to its appeal. HBAR is trading at $0.286, up 0.87% in the last 24 hours with a massive $662M trading volume. Ranked 18 it holds a market cap of $10.95B.
Surprisingly, Bitcoin remains a long-term safe bet despite quantum concerns. While it will require algorithmic upgrades to stay secure, its robust network and adaptability make it resilient. The only real risk lies in dormant wallets with lost keys, but active wallets can easily transition to quantum-resistant algorithms. Bitcoin (BTC) is soaring at $105,103, up 3.47% in the past 24 hours, with a whopping $63.77B trading volume.
Last but not least, QRL with a ranking of 601 in the crypto market is specifically designed to combat quantum threats, using XMSS (eXtended Merkle Signature Scheme) for unparalleled security. It focuses on ensuring that all aspects of the blockchain—from transaction signatures to the ledger itself—are quantum-proof. The current price of Quantum Resistant Ledger (QRL) is $1.03, with a 24-hour trading volume of $1,014,462. The price has increased by 11.73% in the past 24 hours, showing strong momentum. The QRL-to-USD rate is updated in real-time
The future of cryptocurrency is not just about staying ahead of the market—it’s about staying ahead of technology itself.
Quantum-resistant coins use advanced cryptography to secure assets against future quantum computer threats.
Quantum computers could break traditional encryption, risking the security of crypto transactions and wallets.
Not yet, but Bitcoin can adopt quantum-safe algorithms to protect its network in the future.
Quantum computers may impact Bitcoin’s security in the future, but current technology is not advanced enough to break its encryption.
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