The post Ledger CTO: Quantum Computer Unlikely to Break Bitcoin In Near Term appeared on BitcoinEthereumNews.com. Charles Guillemet, chief technology officer at hardware wallet giant Ledger, has opined that a quantum computer is unlikely to break Bitcoin’s current cryptography.    That said, Guillemet believes such a black swan event is not impossible, and the quantum threat should not be ignored.  The “prudent” solution  Guillemet has argued in favor of proactively upgrading the current Bitcoin protocol in order to make sure that it remains quantum-resistant. This would require defining a “migration path,” which would include those coins that are presumed to be lost (such as Satoshi Nakamoto’s enormous 1.1 million stash).   You Might Also Like Guillemet has warned that such migration would come with trade-offs. The Ledger CTO has warned that lattice-based cryptography, which is considered to be the leading candidate for quantum-resistant encryption, is still relatively new and unproven. “Lattice-based post-quantum cryptography hasn’t yet stood the test of time, and hash-based schemes feel archaic,” said Guillemet. Moreover, he has noted that quantum-resistant schemes might not work properly with the existing BIP32 structure. Source: https://u.today/ledger-cto-quantum-computer-unlikely-to-break-bitcoin-in-near-termThe post Ledger CTO: Quantum Computer Unlikely to Break Bitcoin In Near Term appeared on BitcoinEthereumNews.com. Charles Guillemet, chief technology officer at hardware wallet giant Ledger, has opined that a quantum computer is unlikely to break Bitcoin’s current cryptography.    That said, Guillemet believes such a black swan event is not impossible, and the quantum threat should not be ignored.  The “prudent” solution  Guillemet has argued in favor of proactively upgrading the current Bitcoin protocol in order to make sure that it remains quantum-resistant. This would require defining a “migration path,” which would include those coins that are presumed to be lost (such as Satoshi Nakamoto’s enormous 1.1 million stash).   You Might Also Like Guillemet has warned that such migration would come with trade-offs. The Ledger CTO has warned that lattice-based cryptography, which is considered to be the leading candidate for quantum-resistant encryption, is still relatively new and unproven. “Lattice-based post-quantum cryptography hasn’t yet stood the test of time, and hash-based schemes feel archaic,” said Guillemet. Moreover, he has noted that quantum-resistant schemes might not work properly with the existing BIP32 structure. Source: https://u.today/ledger-cto-quantum-computer-unlikely-to-break-bitcoin-in-near-term

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more