Summary
- XRP Ledger validator Vet said XRP is safer from quantum computers than Bitcoin (BTC).
- About 300,000 XRP Ledger accounts have never sent funds, leaving their public keys unexposed, while roughly 35%% of Bitcoin's circulating supply is vulnerable to quantum computers.
- The XRP Ledger's key rotation and escrow timelock features are also cited as security strengths against quantum-related threats.
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Concerns over advances in quantum technology have become a major topic in the cryptocurrency market, with one XRP Ledger validator arguing that XRP is better protected from quantum computers than Bitcoin.
CoinDesk reported on April 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 sent. The industry has long raised the possibility that if quantum computers become viable, they could derive private keys from those public keys.
Those concerns are greater for Bitcoin because of exposed public keys. A substantial share of Bitcoin mined in the early years is stored in a form in which public keys are exposed, and about 35% of the circulating supply is considered vulnerable to quantum computers.
The XRP Ledger's key rotation and escrow timelock features are also cited as security advantages related to quantum computing threats.
Uk Jin
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