Quantum attacks could worsen without proof of ownership: Near One
NEAR Protocol warns quantum computers could break blockchain cryptography and compromise wallet ownership verification. Without proof-of-ownership systems, protocols face freezing assets or enabling theft. NEAR is implementing FIPS-204, a post-quantum signature solution, by Q2. Ethereum, Solana, and Bitcoin are also developing quantum-resistant defenses as Google researchers suggest functional quantum computers could arrive sooner than previously expected.
Key takeaways
- 1NEAR Protocol is implementing FIPS-204, a post-quantum signature solution, launching on testnet by Q2 2026.
- 2Google researchers warn quantum computers could break Bitcoin's cryptography within 10 minutes, enabling theft via on-spend attacks.
- 3Ethereum, Solana, and Bitcoin are all developing quantum-resistant defenses; Ethereum targets protocol-level solutions by 2029.
Coins in this story
Why it matters
Quantum computing poses an existential threat to crypto wallet security and blockchain ownership verification in India and globally. Early adoption of quantum-resistant standards by major protocols is critical for protecting retail investors' digital assets before functional quantum computers arrive.
Explore how Regulation is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Dogecoin slides 4%, bitcoin rally pauses as Iran ceasefire optimism lifts equities
Bitcoin paused below $81,000 while Dogecoin fell 4% Thursday as global equities surged on US-Iran ceasefire optimism. Ether slipped 2% to $2,326. Despite the pullback, bitcoin remains up 6.9% weekly. Analysts target $83,300 as a key bullish level. Growing stablecoin issuance and institutional interest from Morgan Stanley support long-term momentum for Indian crypto investors tracking major movements.
UAE-regulated stablecoins to develop AED-USD conversion rails for institutional settlement
UAE regulators are backing a new settlement infrastructure connecting AE Coin and USDU stablecoins, enabling near-instant AED-USD conversions for institutional payments. Powered by Al Maryah Community Bank, the framework targets treasury flows and cross-border settlement within the UAE's regulated payment token regime. This strengthens UAE's position as crypto's fastest-growing regional hub, signaling institutional crypto adoption momentum relevant to Indian investors monitoring emerging market infrastructure.