Tron (CRYPTO: TRX) blockchain has launched a post-quantum upgrade initiative, founder Justin Sun announced on Tuesday.
Quantum Security Should Be A Feature, Says Sun
In an X post, Sun said that Tron will be the “first major public blockchain” to deploy post-quantum cryptographic signatures standardized by the National Institute of Standards and Technology—a federal agency under the Department of Commerce.
Sun assured TRON users that the platform would protect their assets from quantum threats, with a “technical roadmap” to be released soon.
“Quantum security shouldn’t be a debate. It should be a feature,” he added.
Sun also took a dig at major networks such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), adding,” While Bitcoin debates whether to freeze vulnerable coins and Ethereum forms research committees, TRON is building.”
How Real Is The Quantum Threat?
Discussions on quantum threats have intensified after Google’s latest research signaled it may be closer to reality than previously thought.
According to the study, a sufficiently powerful quantum computer could theoretically crack a Bitcoin private key in roughly 9 minutes, opening the door to “on-spend” exploits that could let attackers interfere with pending transactions.
Estimates suggest that nearly 6.89 million BTC could be quantum-vulnerable, including 3.4 million BTC inactive for over a decade.
Jameson Lopp, chief security officer at self-custody platform firm Casa, earlier estimated a “greater than 50% chance” that it will take at least another decade before a quantum computer, powerful enough to decode a Bitcoin public key to find its corresponding private key, becomes a reality.
However, top industry leaders haven’t hit the panic button.
Solvable Issue?
Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong stated earlier this year that quantum computing is a “solvable” issue and that the company is already addressing it.
Former Binance (CRYPTO: BNB) CEO Changpeng Zhao said that quantum computing does not pose an existential threat to cryptocurrency, adding that it can always evolve to post-quantum security.
Price Action: At the time of writing, TRX was exchanging hands at $0.3241, up 1,15% in the last 24 hours, according to data from Benzinga Pro.
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Recent Comments