Quantum resistance refers to the ability of a cryptocurrency to maintain its security in the face of potential threats posed by quantum computers. Traditional cryptographic algorithms, such as those used in securing transactions and wallets, can be vulnerable to the computational power of quantum machines.Quantum computers can solve certain mathematical problems much faster than classical computers. This includes breaking widely used cryptographic systems like RSA and ECC, which rely on the difficulty of factoring large numbers and solving elliptic curves, respectively.To address this threat, developers are exploring quantum-resistant algorithms. These are designed to withstand attacks from both current and future quantum computers. By integrating these new cryptographic methods, cryptocurrencies aim to ensure that user data and transaction integrity remain secure, even as quantum technology advances.As quantum computing evolves, the move toward quantum resistance will be crucial for the long-term viability and trustworthiness of digital currencies.
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