Charles Hoskinson, the CEO of IOG, has recently stated that the software development firm is already in the process of making Cardano (ADA), the largest proof-of-stake (PoS) blockchain, resistant against quantum attacks.
In a video shared with his teeming YouTube subscribers on 6th December and first reported by Daily Hodl, Hoskinson said the first step in the process of equipping the Cardano network to become quantum-resistant was to run simulations to put the network’s algorithms to test.
The mathematician who believes that “math and science” has not attained its potential in terms of having acceptable trade-offs highlighted what the IOG team of developers should be doing now to get ready for future challenges:
Charles Hoskinson noted:
“The first thing you need to do is model the algorithms we have against the quantum adversary. We have started that process, but that’s not in scope for the deliverables in 2022. However, the knowledge is there, the people are there and if it’s a priority for the next five years of Cardano, it’s something that can be done…
“It makes more sense to model out all the theoretical properties you have to adhere to and improve the state of the art of mathematics so that we have better primitives to work with to actually ameliorate the issues of quantum computers and that’s what we’re doing and it’s an academic exercise at the moment.
“It’s not a real problem today, it’s not a concern. There is no working quantum computer that poses a threat to any cryptographic system.”
What Is Quantum Computing?
According to Wikipedia, Quantum Computing is a type of computation that harnesses the collective properties of quantum states, including superposition, interference, and entanglement, to perform calculations and the devices that perform quantum computations are known as quantum computers.