Ripple Urges Adoption of Quantum-Resistant Cryptography Following Expert Warnings

Ripple
is
emphasizing
the
necessity
of
adopting
quantum-resistant
cryptography
to
protect
blockchain
systems
from
potential
future
threats
posed
by
quantum
computing.

In
a
recent
discussion
as
part
of
Ripple’s
ongoing
university
lecture
series,
Professor
Massimiliano
Sala,
a
distinguished
mathematician
from
the
University
of
Trento
in
Italy,
addressed
the
future
of
blockchain
technology,
encryption,
and
quantum
computing.

Ripple
Highlights
the
Importance
of
Quantum-Resistant
Cryptography

Professor
Sala
highlighted
the
vulnerability
of
current
encryption
methods
used
by

blockchain
networks
to
potential
attacks
by
quantum
computers
in
the
future.
He
explained,

“Quantum
computers
could
easily
solve
problems
that
are
foundational
to
digital
signatures,
thus
potentially
undermining
the
mechanisms
that
protect
users’
assets
on
blockchain
platforms.”

This
potential
threat
is
often
referred
to
as
“Q-day,”
which
is
the
theoretical
point
when
quantum
computers
become
powerful
enough
to
break
current
encryption
methods.

The
implications
of
such
an
event
would
be
severe
across
various
sectors,
including
emergency
services,
banking,
national
security,
and
the
medical
field,
where
data
security
is
paramount.
Additionally,
the

cryptocurrency
and
blockchain
space
could
face
significant
challenges,
with
vulnerabilities
exposed
in
smart
contracts,
digital
wallets,
and
the
underlying
blockchain
infrastructure.

The
research
emphasizes
the
need
to
replace
classical
public-key
cryptosystems
with
alternatives
that
are
secure
against
quantum
attacks.
This
replacement
is
necessary
to
prevent
quantum
computers
from
solving
encryption
keys
through
brute
computational
force.

Bitcoin’s
Future
at
Risk:
Preparing
for
Quantum
Computing
Threats
and
Enhancing
Cryptographic
Security

Bitcoin,
as
the
leading
cryptocurrency
and
blockchain
platform,
is
also
at
risk
of
being
compromised
by
future
quantum
computers.
Current
cryptographic
algorithms,
such
as
those
used
in
Bitcoin,
are
based
on
mathematical
problems
that
are
infeasible
for
classical
computers
to
solve
within
a
reasonable
time
frame.
However,
quantum
computers,
with
their
superior
processing
power,
could
potentially
break
these
algorithms.

Although
there
is
no
practical
quantum
computer
currently
capable
of
performing
such
tasks,
governments
and
scientific
institutions
worldwide
are
preparing
for

Q-day.
Despite
these
preparations,
Sala
indicated
that
this
event
may
not
occur
imminently.

He
also
addressed
the
technical
challenges
involved,
such
as
the
higher
computational
demands
and
larger
data
quantities
required
for
secure
transactions.
Nonetheless,
Sala
expressed
optimism
about
ongoing
research
aimed
at
enhancing
these
implementations
for
practical
use.

Professor
Sala
praised
international
collaboration
efforts,
including
the

National
Institute
of
Standards
and
Technology
(NIST)
in
the
United
States,
which
is
working
on
developing

quantum-resistant
cryptographic
standards.
He
believes
that
such
collaborative
efforts
ensure
that
new
schemes
are
rigorously
tested
across
the
community,
enhancing
their
reliability
and
security.

Additionally,
Sala
suggested
incorporating
current
cryptography
methods
into
traditional
academic
courses
to
educate
the
next
generation
on
the
sector’s
evolving
challenges.
He
remarked,
“The
probability
of
quantum
threats
materializing
may
not
be
imminent,
but
it
is
significant
enough
to
warrant
proactive
measures.”

As
part
of
our

#UBRI
series,
explore
the
intersection
where
blockchain
meets
quantum
computing
with
Professor
Massimiliano
Sala
from

@UniTrento.
Gain
insights
into
the
quantum
challenges
facing
blockchain
and
strides
towards
quantum-resistant
cryptography.https://t.co/UnpxUfCX5D

—
Ripple
(@Ripple)

May
18,
2024

SMOG:
Revolutionizing
the
Meme
Coin
Arena
with
Its
Gamified
Airdrop
Strategy

The
meme
coin
named
SMOG
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Solana-based
cryptocurrencies
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the
year,
experiencing
a
surge
of
over
1000%
in
value
following
its
launch
on
Jupiter
DEX.
This
digital
asset,
drawing
inspiration
from
the
dragon
character
“Smog”
in
the
Hobbit
series,
embodies
a
mystical
theme
within
the
Solana
ecosystem,
aiming
to
rejuvenate
the
meme
coin
market
with
its
unique
allure.

SMOG
is
not
just
another
meme
coin;
it
has
set
itself
apart
by
announcing
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many
are
calling
the
most
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airdrop
ever.
This
initiative
includes
a
gamified
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token
holders
engage
in
various
activities
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earn
airdrop
points
on
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The
project’s
strategy
incorporates
daily,
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tasks
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airdrop
experience.

The
development
team
behind

SMOG,
equipped
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the
web3
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further
reinforces
the
project’s
credibility
as
a
top
cryptocurrency
investment
for
2024.
The
project’s
dynamics
are
designed
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mirror
the
initial
market
responses
seen
with
other
Solana-based
tokens
like
BONK
and
Myro,
but
with
added
features
that
enhance
its
appeal.

Originally,
SMOG
could
only
be
acquired
by
exchanging
SOL.
However,
recent
developments
have
introduced
an
ETH
bridge,
expanding
purchasing
options
to
include
ETH,
and
directly
from
the
project’s
website.
The
addition
of
staking
capabilities
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functionality
and
appeal.

The
project’s
roadmap,
infused
with
its
inherently
memetic
nature,
outlines
plans
for
multiple
airdrops
that
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a
layer
of
gamification
to
the
entire
venture.
SMOG
aims
to
ascend
as
the
leading

meme
coin
in
the
Solana
ecosystem,
eventually
becoming
the
reigning
SOL
king.

Recent
updates
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SMOG’s
growing
influence
and
success.
As
of
early
March
2024,
CoinMarketCap
data
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Visit
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