Cardano Founder Charles Hoskinson Says Quantum Threat to Crypto is Overhyped
TLDR
- Cardano’s Charles Hoskinson claims the quantum threat to blockchain is overstated today.
- Quantum-proof blockchain technology exists but comes with significant performance costs.
- The industry will need standardized guidance before migrating to quantum-secure systems.
- Hoskinson expects meaningful quantum pressure on blockchain in the 2030s.
Charles Hoskinson, the founder of Cardano, has addressed concerns over the impact of quantum computing on blockchain technology. He asserts that the threat posed by quantum computing to cryptocurrencies is currently overstated and not an immediate risk. In a recent podcast discussion, Hoskinson referred to the quantum threat as a “big red herring,” emphasizing that while…
