XRP Safer Than Bitcoin Against Quantum-Computing Threat, Commentator Says

Bloomingbit Newsroom

Summary

A commentator said XRP is safer from quantum computers than Bitcoin (BTC) as concern over quantum technology threats grows.
On-chain analysis found the public keys of about 300,000 XRP Ledger accounts have not been exposed, making them relatively safer from quantum computers.
XRP Ledger's key rotation and escrow timelock features were also cited as security strengths related to quantum computers.

Forecast Trend Report by Period

As the threat posed by advances in quantum technology becomes a growing topic in the cryptocurrency market, a commentator has argued that XRP is safer from quantum computers than Bitcoin.

CoinDesk reported on July 10 that XRP Ledger validator Vet, citing on-chain analysis, said about 300,000 XRP Ledger accounts have never sent funds. That means the public keys for those accounts have not been exposed.

On blockchains, public keys are revealed to the network when funds are transferred. That has raised concerns that if quantum computers become viable, they could use those public keys to work backward and derive private keys.

Those concerns are especially acute for Bitcoin because of public-key exposure. A substantial share of Bitcoin mined in the early days is stored in a form where public keys have been exposed, and about 35% of the circulating supply is considered vulnerable to quantum computers.

XRP Ledger's key rotation and escrow timelock features are also cited as security advantages against quantum-computing risks.