"Bitcoin is the most exposed, with up to 35% of its supply sitting in old wallets that can't be protected without moving the funds. In contrast, only 0.03% of XRP's supply is directly exposed through dormant accounts, far less than Bitcoin's estimated 35%."
"When you make a transaction on any blockchain, your public key gets revealed to the network. A quantum computer powerful enough to run the right algorithm could work backwards from that public key to figure out your private key, and once it has that, it can drain your wallet."
"Vet found only two dormant large-holder accounts with exposed keys, and the total XRP in those accounts works out to roughly 0.03% of the supply. The 0.03% figure has been picked up widely, but it only counts old dormant accounts."
Quantum computing threatens the encryption of cryptocurrencies, particularly Bitcoin, which has 35% of its supply in vulnerable wallets. In contrast, only 0.03% of XRP's supply is exposed through dormant accounts. The XRP Ledger features tools like key rotation that enhance security. However, the network still relies on encryption susceptible to quantum attacks. A recent audit revealed that 300,000 accounts on the XRP Ledger have never made transactions, making them currently safe from quantum threats, while active wallets remain at risk due to exposed public keys.
Read at 24/7 Wall St.
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