Naoris Launches Post-Quantum Blockchain as Bitcoin, Ethereum Devs Scramble to Face Threat

Naoris Protocol says its blockchain network uses quantum-resistant cryptography, as the wider crypto industry prepares for future threats.

Naoris Launches Post-Quantum Blockchain as Bitcoin, Ethereum Devs Scramble to Face Threat

Naoris Protocol has launched what it claims is the first post-quantum blockchain network, implementing quantum-resistant cryptography to protect against future threats from quantum computing. The company says its blockchain uses advanced cryptographic methods designed to withstand attacks from quantum computers, which could potentially break the security foundations of current blockchain networks.

The launch comes as major cryptocurrency networks including Bitcoin and Ethereum face mounting pressure to address quantum computing threats. Traditional cryptographic methods used by most blockchains rely on mathematical problems that quantum computers could theoretically solve, potentially compromising wallet security and transaction integrity. While quantum computers capable of breaking current encryption remain largely theoretical, cybersecurity experts have urged the crypto industry to begin preparing defensive measures.

The broader cryptocurrency industry has been increasingly focused on quantum resistance as tech giants like IBM and Google continue advancing quantum computing capabilities. Bitcoin and Ethereum development teams have acknowledged the need to eventually upgrade their cryptographic systems, though no concrete timelines have been established. Other blockchain projects have also begun exploring quantum-resistant algorithms as a competitive advantage.

Industry observers will be watching how Naoris Protocol's quantum-resistant approach performs in practice and whether established networks will accelerate their own quantum-proofing efforts. The success or failure of early post-quantum blockchain implementations could influence the timeline for broader industry adoption of quantum-resistant technologies.

Source: Decrypt

Read original article ↗