Efforts Underway to Protect Blockchain Against Quantum Computers
By IQT News posted 04 Nov 2019
(Decrypto) Blockchain’s cryptography relies on the fact that it’s very hard to calculate private keys from public ones. Leaders in the cryptography field are hard at work on developing new, quantum-resistant cryptographic techniques that could one day be used to secure blockchain. Let’s take a look at what’s going on:
1. NSA is developing quantum-resistant cryptography.
2. NIST is running a competition.
3. QRL is using an extensible address format to ensure that it is “ready for anything out of NIST.”
4. Praxxis–a quantum resistant crypto project.
