Quantum computing has emerged as a major topic of discussion in the crypto industry over the past few months.
The risks posed by quantum computing could represent a serious threat to Bitcoin, particularly because advanced quantum capabilities might allow malicious actors to break into older wallets, including those believed to belong to the pseudonymous BTC creator Satoshi Nakamoto.
After analyzing these potential threats, Versan Aljarrah, founder of Black Swan Capitalist, noted that Bitcoin, Ethereum, and XRP all depend on cryptographic systems that could, in theory, become vulnerable if Quantum computing advances significantly.
While none of these networks are fully shielded from the rising risks posed by Quantum computing, Aljarrah suggested that XRP could hold an advantage due to the way the XRP Ledger (XRPL) was originally designed by its architects.
Quantum Computers Could Threaten Blockchain Security
In a recent post on the X social media platform, Versan Aljarrah noted that modern blockchains depend on a security method called elliptic curve cryptography.
For those unfamiliar, this cryptographic system safeguards digital assets through a pair of keys: a public key that is visible on the network and a private key that remains confidential, allowing the holder to access and manage their funds.
The Black Swan Capitalist founder explained that the risk lies in the possibility that a sufficiently advanced quantum computing system could eventually crack this form of encryption. If that were to happen, attackers might be able to derive private keys from public ones, potentially allowing them to gain control of digital wallets.
In his opinion, such a threat would extend far beyond cryptocurrency. Aljarrah believes that if quantum computing reaches that level of capability, it could jeopardize many systems that depend on similar cryptographic protections, including global banking networks, the SWIFT payment system, military encryption, and large portions of the internet.
Is XRP Quantum-Resistant?
While most major blockchains face this same vulnerability, Versan Aljarrah argued that XRP may have an architectural advantage if Quantum computing becomes a genuine threat. He noted that the cryptographic frameworks underpinning Bitcoin and Ethereum are deeply embedded in their networks, making significant upgrades more complex.
He noted that updating the cryptography for Bitcoin or Ethereum would likely necessitate major network upgrades and hard forks. Such changes typically require lengthy debates and coordination among developers and community members, which can slow implementation and introduce additional risks to the network.
However, the XRP Ledger functions differently. Versan Aljarrah explained that the network uses a protocol-level governance system that enables validators to approve cryptographic upgrades through consensus without taking the network offline. This design allows the system to adapt in real time if new security standards are needed.
He also pointed out that Bitcoin was built to be rigid, while Ethereum upgrades often proceed slowly and require complex changes. In contrast, he described XRP as a financial infrastructure designed to address emerging challenges while continuing to process transactions seamlessly.
Source: https://zycrypto.com/why-black-swan-capitalist-founder-believes-ripples-xrp-may-survive-quantum-threats-that-gravely-endanger-bitcoin-ethereum/
