Why Is Quantum Resistance Important for Long-Term Financial Infrastructure? ▴ Learn

Why Is Quantum Resistance Important for Long-Term Financial Infrastructure?

Quantum resistance is crucial because the rise of powerful quantum computers could potentially break the cryptographic algorithms currently securing blockchain and financial systems, such as the Elliptic Curve Digital Signature Algorithm (ECDSA). A quantum computer could efficiently reverse the public-key cryptography, allowing an attacker to steal funds or forge transactions.

Quantum-resistant algorithms, like those used in zk-STARKs, ensure the long-term security of financial data and transactions.

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