Qatar backed QANPlatform a quantum resistant blockchain token rises

As Google shared its latest research paper in collaboration with Caltech and quantum startup Oratomic which found that the cryptography currently protecting bitcoin and ether wallets could be broken with as few as 10,000 physical qubits, some quantum resistant tokens such as Qatar backed QANplatform (QANX) gained 10% in the last 24 hours.

In 2023 the UK based QANplatform, the quantum-resistant Layer 1 blockchain, received $15 million investment from Qatar investment company MBK Holding. The QANplatform unveiled its private blockchain on September 12th 2023. The platform which is both quantum resistant and compatible with Ethereum’s EVM received support from Qatar ruling family member H.E. Sheikh Mansoor Bin Khalifa Al Thani.

Additionally, Quantum Resistant Ledger (QRL) and Cellframe (CEL) have surged 50%, according to data source Coingecko. Other tokens in the category, such as Abelian (ABEL), have risen 25%, while Qubic (QUBIC) and QANplatform (QANX) have each gained 10%, and even the privacy‑focused Zcash (ZEC) has added nearly 7% in the same period.

The market cap of this group, comprising 20 coins, has increased by 8% to $4.66 billion in the past week. ZEC while not yet a truly quantum-resistant, it is included in the category by data sources because of its advanced cryptographic foundations, such as zero-knowledge proofs, and ongoing research into post-quantum secure ZK-SNARKs. Quantum-resistant leader ZEC staged a sharp rally. It surged by over 1,200% in the second half of 2025, hitting a high of $744.

In its report Google notes that it wants to raise awareness on the issue of how future quantum computers could break elliptic curve cryptography which protects cryptocurrencies.

As per the report, “We want to raise awareness on this issue and are providing the cryptocurrency community with recommendations to improve security and stability before this is possible, including transitioning blockchains to post-quantum cryptography (PQC), which is resistant to quantum attacks.”

Using Google’s quantum circuits as a baseline, the authors say a neutral-atom quantum computer with about 26,000 qubits could crack ECC-256, the standard securing major blockchains, in roughly 10 days, while RSA-2048 would require about 102,000 qubits and three months.

The findings, which come with conflicts of interest for the Oratomic-affiliated authors, underscore that the main question now is whether the crypto industry can migrate to quantum-resistant systems before the cost of quantum attacks falls further.

Qubits are the basic units of quantum computers, similar to bits in traditional machines. They are a measure not of speed, like gigahertz or teraflops, but rather reflect the scale of the system, closer to the number of cores or transistors in a chip.

Haseeb Qureshi, managing partner at Dragonfly, said the paper suggests quantum computers capable of breaking widely used cryptographic schemes could arrive sooner than previously expected.

“This is wild,” Qureshi wrote on X, pointing to estimates that a sufficiently powerful quantum system could break ECDSA keys within minutes using hundreds of thousands of physical qubits. “Post-quantum is no longer a drill.”

Stefan Deiss, CEO of The Hashgraph Group, framed the findings as part of a broader acceleration in quantum capabilities. He noted that estimates for breaking standard encryption have fallen from billions of qubits to under a million in just over a decade.

“Google’s decision to accelerate its post-quantum cryptography migration to 2029 should be a wake-up call,” Deiss wrote in a statement, adding that hundreds of billions of dollars’ worth of Bitcoin may sit in wallet formats potentially vulnerable to future quantum attacks.

He also warned of “harvest now, decrypt later” strategies, where adversaries collect encrypted data today in anticipation of more powerful quantum systems down the line.

Binance founder Changpeng “CZ” Zhao argued that while quantum computing presents real challenges, they are ultimately solvable through upgrades to quantum-resistant cryptographic algorithms. “At a high level, all crypto has to do is upgrade,” Zhao wrote in a post on X. “So, no need to panic.”

He did acknowledge that implementing such changes in decentralized networks would be far from straightforward. Transitioning to new standards could trigger debates over which algorithms to adopt, lead to network splits, and require users to move funds into new wallet formats.

“There will likely be many debates… resulting in some forks,” Zhao said, adding that new code could introduce unforeseen bugs or security risks in the short term.

Quantum computers promise to solve otherwise impossible problems, including examples in chemistry, drug discovery, and energy. However, large-scale cryptographically relevant quantum computers (CRQCs) will also be able to break current, widely used public-key cryptography that protects things like people’s confidential information.