Near-term quantum refers to the current era of quantum computing where devices are becoming increasingly powerful but still possess limitations in terms of qubit count and error rates. In the context of digital assets, this phase raises concerns about the potential for quantum computers to compromise existing cryptographic algorithms, particularly those securing blockchain transactions. Researchers are actively developing quantum-resistant cryptographic solutions to mitigate future threats. This period represents a critical juncture for cybersecurity in decentralized systems.
Context
The state of near-term quantum computing and its implications for blockchain security is a growing area of research and concern within the crypto community. News reports sometimes discuss the development of quantum-safe algorithms or the progress of quantum hardware. A future development to watch involves the standardization and adoption of post-quantum cryptography across major blockchain protocols.
This research introduces verifiable one-time programs, enabling single-round secure computation with minimal quantum resources, accelerating practical quantum internet applications.
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