Cryptheory: Crypto and Internet

cryptocurrency and internet meaning, guides, learning

Cardano Announces It Is Developing Quantum Computing Protection

2 min read


US developer Charles Hoskinson, co-founder of Cardano (ADA), said his team is preparing cryptocurrency focused on smart contracts for the age of quantum computing.

According to him, quantum computers must provide answers to problems that cannot be solved by the classical computers used today.

However, as the processing of this type of computer will disrupt the logic of today’s machines, there is a fear that quantum computing could threaten the cryptocurrency industry and, according to him, it really can.

In a new YouTube video, Hoskinson stated that work is underway to make ADA immune to quantum attacks.

“The first thing you need to do is model the algorithms we have against a quantum adversary. We started this process. But it is not within the scope of the 2022 results. But the knowledge is there, the people are there. And if it is a priority for Cardano’s next five years, it is something that can be done”, he said.

Don’t about quantum computing right now

In addition, Hoskinson said cryptocurrency investors don’t need to worry about quantum computing right now. That’s because she won’t be a threat anytime soon. So, although ADA has been working on the issue, this is not a priority.

“We came to the conclusion that math and science are not where they should be to have acceptable tradeoffs. In other words, you don’t want a system where, by adopting something to protect you from something that will only come true 10 or 20 years into the future, you have to pay a price today.”

So, as quantum computers do not yet exist, the creator of Cardano claims that quantum computing threats are not yet a real problem, although it will be in the future.

“It’s not a real problem today, it’s not a concern. There is no working quantum computer that poses a threat to any cryptocurrency system,” he said.

How ASIC orders from institutional miners affect the price for terahash

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

Leave a Reply

Your email address will not be published. Required fields are marked *