Quantum computing resistance refers to the ability of a cryptographic system to withstand attacks from quantum computers. These advanced computers can process information much faster than classical computers, potentially breaking many of the cryptographic algorithms currently used to secure digital assets.Many cryptocurrencies rely on public-key cryptography to protect transactions and user identities. Algorithms like RSA and ECC, commonly used for these purposes, could be compromised by a sufficiently powerful quantum computer using algorithms like Shor’s algorithm.As quantum technology progresses, there is growing concern that current security measures will no longer be effective. To counteract this risk, researchers are developing quantum-resistant algorithms, also known as post-quantum cryptography. These new algorithms aim to be secure against attacks from quantum computers while remaining efficient for everyday use.The transition to quantum-resistant systems is essential to ensure long-term security for cryptocurrencies. It requires updating protocols and conducting extensive testing to safeguard assets against future threats posed by quantum computing advancements.
Bank of Japan Weighs Additional Rate Hikes as Inflation Persists
The Bank of Japan will continue to raise interest rates if economic and price trends progress as expected, Deputy Governor