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‘A baseline requirement’: Circle says upcoming Layer 1 Arc will be quantum-resistant

The Block
Circle's Layer 1 blockchain Arc will launch with quantum-resistant features, aiming for cryptographic durability.

Summary

Circle has announced that its upcoming Layer 1 blockchain, Arc, will be quantum-resistant, emphasizing this as a "baseline requirement" for institutions. The company highlighted the urgency of addressing post-quantum encryption standards, noting that a quantum computer capable of breaking public-key cryptography could emerge by 2030 or sooner. Circle also warned that attackers are already collecting data to decrypt later. Arc's roadmap includes launching with a post-quantum signature scheme for quantum-resistant wallets, with plans to extend this resistance to transaction data and infrastructure over time. The goal is to provide a practical and adaptable blockchain infrastructure for a post-quantum world without disrupting developers or institutions.

(Source:The Block)