Cardano founder says the quantum threat to cryptocurrencies is overhyped
On December 9, according to beincrypto, Cardano founder Charles Hoskinson stated that the threat of quantum computing to blockchain is exaggerated and not urgent at present. He pointed out that the industry already knows how to build quantum-resistant systems, but quantum-safe protocols run 10 times slower and cost 10 times more, and no network is willing to sacrifice throughput. Hoskinson said that before the National Institute of Standards and Technology (NIST) establishes post-quantum cryptography standards (FIPS203-206), the industry cannot rashly adopt algorithms that may be deprecated. He cited the US Defense Advanced Research Projects Agency (DARPA) Quantum Blockchain Initiative (QBI), saying that the project is evaluating whether large-scale practical quantum computers can be realized before 2033, and that real quantum pressure is expected to emerge in the 2030s.
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