Cardano Founder Warns of Quantum Encryption Challenges

According to ChainCatcher, Cardano founder Charles Hoskinson has issued a warning regarding quantum-resistant encryption. Although the U.S. National Institute of Standards and Technology (NIST) is set to standardize these encryption methods by 2024, Hoskinson cautions that without hardware acceleration support, the computational costs and data size could significantly reduce blockchain throughput, potentially resulting in a performance loss of about one order of magnitude. Hoskinson emphasized the importance of considering the Defense Advanced Research Projects Agency's (DARPA) quantum benchmarking program when assessing the risk of quantum computing reaching a usable stage. This program aims to evaluate the feasibility of practical quantum computing by 2033.