$NEAR 🚀 NEAR takes a step into the future: Post-quantum protection is already here, and no asset transfers will be required!
While the entire crypto industry is anxiously discussing the hypothetical "Q-day" (the day when quantum computers will be able to hack the usual encryption algorithms), the NEAR Protocol team has proven that the future can be seen in full force today.
NEAR announced the introduction of a post-quantum ML-DSA signature scheme directly into its accounts. And the main advantage for users is that you do not have to create new wallets or transfer assets!
🛡️ What exactly happened and how does it work?
Cryptographic flexibility (crypto-agility) is not just a trend, but a basic security requirement for new generation L1 networks. Updating signature algorithms should be as routine as updating the application on a smartphone.
The main NEAR (Near One) development team promotes a new NEP-655 standard:
Implicit Accounts: Created based on the initial state hash.
Full key privacy: Assets are tied to a hash, while the blockchain does not disclose public keys (or their hashes) in an open network at all.
Where to try it? The function is already being tested in Testnet, and a full launch in Mainnet is expected in the coming weeks.
🛠️ What does it give developers and other ecosystems?
NEAR is not limited to its network and offers solutions for the entire industry:
1. NEAR Intents contract: A wallet with support for custom signature extensions (including ML-DSA and hash schemes) is being developed.
2. Recovery register for Q-day case: For blockchains that are not yet ready to integrate quantum-resistant keys, NEAR creates a mechanism that allows you to send a recovery key hash in advance with the possibility of its safe rotation.
While the entire crypto industry is anxiously discussing the hypothetical "Q-day" (the day when quantum computers will be able to hack the usual encryption algorithms), the NEAR Protocol team has proven that the future can be seen in full force today.
NEAR announced the introduction of a post-quantum ML-DSA signature scheme directly into its accounts. And the main advantage for users is that you do not have to create new wallets or transfer assets!
🛡️ What exactly happened and how does it work?
Cryptographic flexibility (crypto-agility) is not just a trend, but a basic security requirement for new generation L1 networks. Updating signature algorithms should be as routine as updating the application on a smartphone.
The main NEAR (Near One) development team promotes a new NEP-655 standard:
Implicit Accounts: Created based on the initial state hash.
Full key privacy: Assets are tied to a hash, while the blockchain does not disclose public keys (or their hashes) in an open network at all.
Where to try it? The function is already being tested in Testnet, and a full launch in Mainnet is expected in the coming weeks.
🛠️ What does it give developers and other ecosystems?
NEAR is not limited to its network and offers solutions for the entire industry:
1. NEAR Intents contract: A wallet with support for custom signature extensions (including ML-DSA and hash schemes) is being developed.
2. Recovery register for Q-day case: For blockchains that are not yet ready to integrate quantum-resistant keys, NEAR creates a mechanism that allows you to send a recovery key hash in advance with the possibility of its safe rotation.