Ripple Unveils Four-Stage Plan to Quantum-Proof XRP Ledger

Ripple is proactively addressing quantum computing threats to its XRP Ledger by implementing a four-stage plan. This approach aims to ensure the network's security before a potential crisis forces action.

The plan involves assessing vulnerabilities, testing new cryptography, running both old and new systems in parallel, and keeping an emergency response ready. Ripple has already begun evaluating NIST-standard post-quantum algorithms with Project Eleven, a firm focused on quantum security research.

Audit findings reveal that only 0.03% of XRP's total supply is exposed to potential threats due to dormant accounts with public keys visible on the blockchain. In contrast, Bitcoin's older P2PK addresses pose a larger risk.