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Naoris Protocol's quantum-resistance blockchain goes live as Bitcoin and Ethereum face 'Q-Day' threats

CoinDesk
Naoris Protocol launched its quantum-resistant blockchain mainnet to address potential threats to Bitcoin and Ethereum from future quantum computing advancements.

Summary

Naoris Protocol has launched its mainnet, a blockchain designed to withstand attacks from future quantum computers. This launch is particularly relevant as Bitcoin and Ethereum face increasing concerns about a “quantum apocalypse,” or “Q-Day,” where powerful quantum computers could break current encryption methods. Concerns were recently heightened by Google’s report suggesting a sufficiently powerful quantum computer could compromise Bitcoin’s blockchain with fewer qubits than previously estimated. Naoris differentiates itself by being built from the ground up using post-quantum cryptography approved by the U.S. National Institute of Standards and Technology, featuring an irreversible security transition that enforces the use of quantum-resistant signatures. The network has already validated over 100 million transactions using this technology and underwent extensive testing, mitigating over 603 million threats. The protocol’s native token, NAORIS, currently has a market cap of $36 million.

(Source:CoinDesk)