Ripple’s XRP Ledger Faces Quantum Threats
- Multi-signature wallets, including those tied to Ripple, hold over 36% of total XRP supply, equating to 36.60 billion XRP.
- A review of 7,810,364 accounts on the XRP Ledger found that 23.16 billion XRP is in wallets considered safe from quantum attacks.
- Approximately 76.82 billion XRP, across 5.6 million accounts, remains exposed to potential quantum threats.
- Ripple‘s roadmap aims for a fully quantum-resistant network by 2028.
- Dormant accounts holding 2.94% of the total XRP supply pose significant security challenges.
The analysis highlights that while a portion of the XRP supply is safeguarded against future quantum computing threats, a significant amount remains vulnerable due to exposed public keys when transactions occur.
Ripple’s strategy includes transitioning to quantum-resistant encryption by migrating funds to secure addresses, addressing vulnerabilities for active users but leaving dormant account holders at risk without intervention.(Source)
