| In just the last weeks, we now have Saylor discussing Bitcoin solutions framing them as strengthening Bitcoin, but also igniting the debate on BIPs which would freeze out accounts. This highlighted how divided people are on any such solution. And now we are seeing XRP begin testing potential solutions. Vitalik believes there is a 20% risk within 4 years. ADA, Solana, and others also talking about steps they are taking. Even Zcash laid claim to already offering quantum resistance with its shielded transactions. Public transactions would still be an issue however. Every single top chain did all they could to deflect this reality just years ago. But now it has become very clear- chains must upgrade. And each is trying to grab a bit of the narrative. So, let's move on from calling it FUD. Time to start grasping the impacts. Without a doubt, there will be problems. Transition issues, disagreements on reaching consensus, slower speed, downtimes, and risks. These are the reasons no one has a high functioning chain that is ready for the future. There have been some that built for quantum resistance, such as QRL MCM AME ABEL, but even now we see those chains still struggling for adoption or trying to add utility like EVM compatibility. QRL is even changing consensus and transitioning their original post quantum approach. I bought QANX years ago and continue to believe in their vision of removing any barrier to enterprise or developer adoption. They also have an innovative approach to have a performant chain with a seamless transition to post quantum resistance. The complaint on them is they have continued to push out delivering their public mainnet. Their approach has been to secure demand ahead of launch, and based on recent announcements, that has been achieved along with a long auditing effort. I still find this to be an intriguing risk/reward. In the coming year, quantum resistance becomes less of a "narrative" and more about which chain proves they have a secure chain that is performant and useful. Banks, enterprises, and governments will only engage with secure solutions. Existing chains will need to overcome the many challenges to maintain their user base and utility. And quantum computing progress and news will only get louder. How do we think it will play out? [link] [comments] |
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