🚨Charles Hoskinson warns of the challenges of the post-quantum transition in cryptocurrencies.
Quantum computing may significantly impact the crypto ecosystem 🤖. Charles Hoskinson, founder of Cardano, warns that the transition to post-quantum systems will involve sacrifices in terms of performance and will require a carefully planned adoption strategy.
*Challenges of post-quantum cryptography:*
- Post-quantum cryptography is slower and requires more complex data structures 📉
- Premature adoption may negatively impact the performance of blockchain networks
- Need to identify the right moment for the transition
*Cardano's Strategies:*
- Lattice-based cryptography, allowing for digital signatures and advanced encryption
- Gradual transition, with phased processes and the use of tools like Mithr
