In early December, Google, a subsidiary of Alphabet Inc. (NASDAQ:GOOG), announced that it achieved a technical milestone in quantum computing. The announcement included the introduction of a state-of-the-art processor Google calls Willow. According to Google, Willow can complete a computational test in a few minutes that no supercomputer today can perform in a timely or practical manner.
This has led some observers to suggest that the age of the “cryptographically relevant quantum computer” or CRQC is upon us. In a May 2022 memorandum, the U.S. government noted that a CRQC is theoretically “capable of breaking much of the public-key cryptography used on digital systems across the United States and around the world.”
Cybersecurity professionals and corporations are increasingly apprehensive about the potential susceptibility of conventional encryption techniques. This view was recently expressed in a 2024 study by the Global Risk Institute. In the report, many experts in the field believe the quantum threat could become a reality within 10 years.
Protecting against this emerging risk is the mission of the Quantum Resistant Ledger (QRL).
What The Quantum Resistant Ledger Is And What It Seeks To Achieve
The QRL is a pioneering initiative dedicated to safeguarding digital assets from the emerging risks of quantum computing. Based in Zug, Switzerland, QRL operates on its own independent blockchain. It provides enterprise-grade security to the global blockchain space.
Using a post-quantum secure signature scheme, QRL’s blockchain network is currently able to provide advanced asset protection and it is looking to maintain that posture into the future to combat potential quantum computing threats.
To strengthen its position as …
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