Ripple Bolsters XRP Ledger Against Quantum Computing Threat

Ripple is preparing its XRP Ledger for quantum computers in anticipation of 'Q-Day', a hypothetical event when quantum computing power surpasses classical computing. The LCX Exchange, based in Liechtenstein, has announced that it is working with Ripple to enhance the security and scalability of the XRP Ledger.

The company, which has applied for authorization as a crypto-asset service provider under MiCA (EU 2023/1114), is not currently authorized but is limited to withdrawals during the wind-down period. Existing European clients are restricted to withdrawals until the exchange receives authorization.

Crypto-assets involve significant risks, including total loss, according to LCX AG's disclaimer. The company does not offer services to persons in the United Kingdom or the United States due to regulatory restrictions.