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Ripple Labs announced a four-phase plan to upgrade the security of the XRP Ledger network. The plan aims to achieve full readiness for post-quantum computing by 2028. Meanwhile, XRP traded near $1.43, recording an increase of over 4.6% in one week.
The company designed this plan to address risks arising from future developments in quantum computing. It aims to maintain network stability during this transition phase, while also preparing the company for any unexpected cryptographic failures.
Ripple confirmed that current security systems cannot withstand advanced quantum computers. Therefore, the company plans a gradual update rather than sudden changes, balancing security requirements with network performance.