Connect with us
DAPA Banner

Crypto World

XRP Ledger Set for Quantum-Proof Upgrade as Ripple Unveils 2028 Timeline

Published

on

Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

Key Highlights

  • Ripple has introduced a comprehensive four-stage strategy to fortify the XRP Ledger against quantum computing risks by 2028
  • The initial stage features a contingency “Q-Day” protocol designed to mandate immediate transition to quantum-secure accounts
  • The second stage is currently active, with comprehensive security evaluation scheduled for completion by mid-2026
  • Strategic collaboration with quantum defense specialist Project Eleven is enhancing development speed
  • XRP Ledger benefits from built-in capabilities like key rotation and deterministic key generation

Ripple has released a comprehensive blueprint designed to shield the XRP Ledger from emerging quantum computing vulnerabilities. The strategic initiative encompasses four distinct stages with a completion target of 2028.

This strategic disclosure follows Google’s recent alert that quantum systems might compromise Bitcoin security with considerably less computational capacity than earlier projections suggested. Industry experts are now identifying 2029 as the potential “Q-Day” — the critical moment when quantum technology could successfully break existing cryptographic safeguards.

Advertisement

XRP presently holds the position as the fourth-largest cryptocurrency based on total market capitalization. According to Ripple, while the quantum risk to XRPL is genuine, it remains addressable through proper advance planning.

Whenever an XRPL account executes a transaction, the corresponding public key gets recorded on the distributed ledger. A sufficiently powerful quantum system could potentially exploit this exposed information to derive the associated private key and compromise account holdings.

Long-established accounts with extensive transaction histories face the greatest vulnerability. The extended period a public key remains visible on-chain creates additional opportunities for future quantum-based exploitation.

Stage One: Crisis Response Protocol

The opening phase functions as a contingency mechanism. Should quantum computing capabilities emerge ahead of projections, Ripple would implement a mandatory network-wide transition — traditional public-key cryptographic signatures would cease to be validated.

Advertisement

Account holders would need to transfer their assets to quantum-protected accounts. Ripple is investigating zero-knowledge proof technologies that would enable users to authenticate ownership of current keys without revealing sensitive information.

This approach ensures that holders maintain access to their holdings even under emergency circumstances, preventing permanent account lockouts.

Development and System Integration

Stage two is presently underway with anticipated completion during early 2026. Ripple’s cryptographic engineering division is executing a thorough security audit throughout the entire network while evaluating protective measures endorsed by the National Institute of Standards and Technology.

Ripple has established a collaborative partnership with quantum security research organization Project Eleven for validator-level evaluations and preliminary custody wallet development.

Advertisement

Post-quantum cryptographic systems introduce certain challenges. Expanded key sizes and signature dimensions can create additional demands on ledger resources, requiring the team to evaluate necessary architectural modifications.

Stage three is scheduled for late 2026. Ripple will start deploying quantum-resistant cryptographic signatures in parallel with current implementations on its development testing environment, enabling developers to validate new cryptographic approaches without impacting the production network.

Stage four represents the complete ecosystem transformation, planned for 2028. Ripple will submit a formal amendment proposal to the XRP Ledger community for native post-quantum cryptographic integration and initiate comprehensive network migration to quantum-resistant signature protocols.

Ripple emphasizes that XRPL possesses certain inherent strategic advantages. The platform supports native key rotation functionality, allowing users to replace compromised private keys while preserving their account identity. Its seed-based key generation mechanism also facilitates deterministic creation of new cryptographic keys.

Advertisement

Ripple engineer Ayo Akinyele clarified that while these capabilities don’t constitute complete post-quantum solutions, they establish a robust framework for future development. Project Eleven is presently developing a proof-of-concept hybrid post-quantum signature system specifically designed for the XRP Ledger infrastructure.

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

The KelpDAO thieves just moved $175 million as the laundering process begins

Published

on

The KelpDAO thieves just moved $175 million as the laundering process begins

The hackers that stole $290 million in the KelpDAO exploit are beginning to launder their ill-gotten gains, according to onchain sleuth ZachXBT and data from Arkham.

Arkham shows that the wallet in control of the proceeds of the exploit sent two transfers of $117 million and $58 million on the Ethereum blockchain during European hours on Tuesday.

ZachXBT reported that a portion of the stolen funds has already begun moving across chains. Roughly $1.5 million was bridged from Ethereum to Bitcoin via Thorchain, alongside an additional $78,000 routed through the privacy protocol Umbra. North Korean hackers Lazarus Group have previously used protocols like Thorchain to launder funds.

Cross-chain routing and privacy tools are commonly used in the early ‘layering’ stage of laundering, suggesting the attacker may be preparing to further disperse the funds across multiple venues.

Advertisement

The KelpDAO exploit is one of the largest decentralized finance breaches in recent months, spurring a wave of negative sentiment across the DeFi sector and fears over contagion will spread to other blockchains.

Layer 2 network Arbitrum said Monday it had frozen $71 million in ether linked to the hack, a move that could pressure the exploiter to accelerate efforts to move and launder the remaining funds.

Source link

Advertisement
Continue Reading

Crypto World

Bank of Korea Governor Supports CBDCs, Deposit Tokens in First Speech

Published

on

Bank of Korea Governor Supports CBDCs, Deposit Tokens in First Speech

The newly appointed Governor of the Bank of Korea, Shin Hyun-song, has voiced support for central bank digital currencies (CBDCs) and tokenized deposits in his first public address.

Shin, who began his four-year term after an inauguration ceremony in Seoul on Tuesday, said the central bank will advance the second phase of “Project Hangang,” a Bank of Korea-led pilot project to test a blockchain-based, wholesale CBDC system.

He also pointed to international cooperation efforts, including the “Agora Project,” an international collaborative initiative launched in April 2024 by the Bank for International Settlements (BIS) and seven central banks to explore the tokenization of cross-border payments. Shin said these initiatives “will elevate the status of the Korean won in the digital payment environment.”

While previous reports had suggested Shin was open to won-based stablecoins, he did not mention stablecoins in his inaugural speech.

Advertisement

South Korea’s stablecoin bill remains stalled, with regulators and lawmakers split over whether issuance of won-pegged tokens should be limited to commercial banks or opened up to non-bank players such as fintech and tech firms.

Related: South Korea draft bill puts stablecoins, RWAs under finance laws: Report

Shin flags geopolitical risks

Shin also mentioned rising tensions in the Middle East and its effect on oil prices, saying that the Bank of Korea must adapt to rising uncertainty driven by geopolitical shocks, inflation pressures and shifts in the global economy.

“We must strive for price and financial stability through the operation of prudent and flexible monetary policy,” he said.

Advertisement
Top Korean crypto exchanges. Source: CoinGecko

Shin was the BIS economic adviser from May 2014 to March 2026 and also served as head of the Monetary and Economic Department from January 2025, according to the BIS website.

Last month, he published an academic paper arguing that stablecoins fail to meet a core property of money, “unity,” because blockchain networks are inherently fragmented across different chains with varying fees, security and decentralisation levels.

Related: Naver-Dunamu filing sets IPO committee, listing timeline for fintech group

South Korea to test tokenized deposits for government spending

South Korea’s Ministry of Economy and Finance is preparing to test blockchain-based payments for selected government expenses as part of a regulatory sandbox exploring distributed ledger technology in public finance.

The pilot will use tokenized deposits to execute government operational spending, with a full rollout targeted for the fourth quarter of 2026. The initial phase will be launched in Sejong City and will include conditions such as limits on timing and spending categories.

Advertisement

Magazine: Will the CLARITY Act be good — or bad — for DeFi?