Near Protocol to implement quantum-resistant signatures against emerging threats

Near Protocol is beginning full-scale preparations to counter threats from quantum computing, Cointelegraph reported. Anton Pieyev, CTO of Near Protocol developer NearOne, explained that the quantum computing era could create problems not only with decryption but also with verifying the true ownership of assets. He noted that it could become difficult to confirm whether a person requesting a transaction is the genuine asset holder in the event of a quantum attack. To address this, Near Protocol developers plan to apply FIPS-204, a quantum-resistant signature method approved by the U.S. National Institute of Standards and Technology (NIST), to the testnet by the end of the second quarter.