Algorand's post-quantum boost 🌌

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📝 What you need to know

Algorand is enjoying a bumper week after the Layer-1 blockchain was singled out in a Google Research whitepaper on post-quantum cryptography.

The network’s ALGO token is up almost 50% in the past seven days, far outpacing the broader crypto market. The whitepaper, published on March 31, identified Algorand as an example of “real-world deployment” of post-quantum cryptography.

While Google’s researchers added some heavy caveats—noting that Algorand’s efforts don’t provide “full quantum security at present”—it was enough to fuel a rotation into the altcoin from traders eager for a positive crypto narrative to seize on. Other projects have jumped on the bandwagon, with the newly launched Naoris Protocol making much of its NIST-approved post-quantum cryptography.

The paper wasn’t all good news for crypto, though. Google’s research team warned that “Q-Day”—when quantum machines crack the elliptic curve cryptography that underpins Bitcoin and other cryptocurrencies—could come sooner than expected.

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