American developer Charles Hoskinson is saying that his team is now preparing Cardano (ADA) for the era of quantum computing.
Quantum computers are anticipated to provide the answers to problems that cannot be solved by the classical computers used today, but some fear that quantum computing could threaten the crypto industry.
In a new YouTube video, Hoskinson tells his 288,000 subscribers that work is now underway to make ADA immune from quantum attacks.
“The first thing you need to do is model the algorithms we have against the quantum adversary.
We have started that process, but that’s not in scope for the deliverables in 2022.
However, the knowledge is there, the people are there and if it’s a priority for the next five years of Cardano, it’s something that can be done.”
Hoskinson says they are not making Cardano quantum attack resistant sooner because of the significant trade-offs.
“We came to the conclusion that the math and science is not where it needs to be to have acceptable trade-offs.
You don’t want a system where, by adopting something to protect you from something 10 or 20 years in the future, you have to pay a price today.”
Because quantum computers do not yet exist, the Cardano creator says that the threats of quantum computing are not yet a real problem today.
“It makes more sense to model out all the theoretical properties you have to adhere to and improve the state of the art of mathematics so that we have better primitives to work with to actually ameliorate the issues of quantum computers and that’s what we’re doing and it’s an academic exercise at the moment.
It’s not a real problem today, it’s not a concern. There is no working quantum computer that poses a threat to any cryptographic system.”
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/80’s Child