Fundacion Cardano studies the threats of quantum computing for Blockchain technology

Blockchain technology and cryptocurrencies may be threatened in some way, and quantum computing is perhaps one of the biggest concerns at this time. The Cardano Foundation and the Z / YN expert group recently published their findings on this potential threat to public-key cryptography.

Quantum computing is the next logical evolution in the world of technology. It allows faster calculations and unprecedented processing power. At the same time, this technology also poses problems for public-key cryptography. Most cryptocurrencies and blockchain are based on this type of cryptography.

Cardano is one of the cryptocurrencies focused on the construction of quantum resistant solutions. More specifically, the coin developers will accept additional signature schemes in the future. Ensuring that your cryptography and blockchain are resistant to quantum computing is a priority at this time. This particular cryptocurrency project prioritizes security and interoperability over anything else.

One of the main reasons why Cardano is so attractive is because of its intriguing design. In essence, the currency offers special extensions that allow you to add more signature schemes through a soft fork. With this focus on quantum computing, any important security layer can be added without interruption of the network. Therefore, the only question is whether quantum computing can become a problem for Cardano.

According to the recent study by the Cardano Foundation and the Z / YEN expert group, that is only a matter of time. The study concludes how large-scale quantum computing will effectively break the security of public-key cryptography. This will have all kinds of different consequences for solutions based on this technology. It extends beyond the cryptocurrencies and blockchain as well. The majority of online communication services in the world rely on public key cryptography from now on.