Ripple Plans to Advance XRP Ledger Post-Quantum Upgrade in Phases

Ripple stated that it is developing a long-term upgrade plan for the XRP Ledger to address the threat of quantum computing, aiming to prevent future quantum computers from potentially breaking existing cryptographic mechanisms and exposing private keys. The plan consists of four phases, including assessing network risks, testing post-quantum cryptography solutions, running existing security mechanisms alongside post-quantum alternatives in parallel, and initiating a complete network migration when necessary.