Quantum Computers Are Coming—Is Your Blockchain Ready? NCOG Is

Quantum computing is advancing rapidly, and it is threatening the security features of traditional blockchain.

Google’s recent achievement with its Willow quantum chip has given a boost to the potential for vulnerabilities in existing cryptography techniques.

Bitcoin, based on elliptic curve cryptography (ECC), is vulnerable to Shor’s algorithm, which can perform problems that form ECC’s basis for security.

About 25% of Bitcoin addresses are vulnerable to quantum attacks.

Ethereum, the world’s second most capitalised cryptocurrency, is not behind. The Ethereum Foundation is working on post-quantum cryptographic algorithms to make the network quantum-proof against quantum attacks.

As a response to the new threats, many blockchain ventures are incorporating quantum-resistant solutions. Quantum Resistant Ledger (QRL) utilizes XMSS signatures, a quantum-resistant hash-based cryptographic algorithm.

I sent IOTA merging the W. OS scheme with its Tangle network to ensure increased protection from the risk of quantum computing.

QANplatform uses lattice-based cryptography, which is NIST guideline-compliant.

NCOG Earth Chain is meeting quantum threats head-on with CRYSTALS-Dilithium and SHA-3 for post-quantum cryptography. Its Forest Protocol provides secure and low-energy consensus.

NCOG also couples transactions with real reforestation, so it is eco-friendly.

The quantum era is approaching. Blockchain platforms must evolve to remain secure. NCOG Earth Chain exemplifies this forward-thinking approach.