Projects racing to add Quantum Resistant tag. Some notes on what is happening

So now Quantum resistance is going mainstream. Coinbase just announced an advisory board for risk mitigation. Vitalik has announced it as a top priority. And everyone is trying to land messaging around it.

Things to know

First the usual- yes, this affects all systems and not just crypto.

Everyone will need solutions. And that's why we are seeing governments and businesses (like Coinbase, Apple, Google) all start to work on it.

The unique challenge in crypto- you need consensus across a decentralized system. And if it has user impacts, you have to be very careful so they can navigate the change (with time to do so.

For BTC, people are realizing that it is best to deal with this. There is perceived risk, which equals market risk. It is a tough change with much disagreement on the approach due to various impacts on the required change.

As mentioned, ETH is focused on it, but faces all the same challenges.

Going down the tagged list

ZEC is a new addition. Their shielded transactions offer protection, but if you want to use the public side, that is still vulnerable. They will need to fix this to be considered quantum resistant

STRK is a layer 2 scaling solution for eth. Since the root issue is your digital signature and protecting your wallet, it will be dependent on the Ethereum solution

Nervos is Cell based architecture. I don't have the depth here, but I read "The protocol enables quantum resistance, but users must choose to adopt quantum-secure lock scripts or wallets like Quantum Purse"

QANX (I hold this one) is pre-mainnet and has focused on a seamless transition of digital signatures. This innovation has use cases being implemented at Ueno bank through their Itti partnership alongside SignQuantum. They will need public mainnet to realize the benefit of this solution. In general, they have a heavy focus in enterprise utility.

Naoris was fairly new to the list. They promote that they can secure networks as a layer 0. Like nervos, this is beyond my depth. Already wild leveraged trading if you like that. Not for me

And the list goes on. There will continue to be many storylines here.

My personal take is among major chains, we may see some gain/lose ground based on how this plays out, but hopefully it won't be as big of impact as some projects would like to hope.

It will certainly create visibility for well positioned projects.