Safeguarding Blockchain from Quantum Threats
Uniting the Industry Against the Existential Risks Posed by Quantum Computing to all Blockchains
What is Quantum DAO?
Quantum DAO is an initiative focused on protecting the blockchain industry from the threats posed by quantum computing. It funds and supports the development of quantum-resistant technologies.
A DAO driven funding mechanism to support open-source and public-good projects that focus on developing quantum-resistant technologies and enhancing the security of blockchain infrastructure.
Our mission is to fund and support technologies that are resistant to quantum computing attacks and to educate the wider community about the potential risks that these advancements pose.
The Existential Threat
Quantum computing poses a significant threat to the blockchain industry due to its potential to break current cryptographic methods that secure transactions, wallets, and consensus mechanisms.
"In the wrong hands, quantum computing could unravel the fabric of modern security systems, leaving our digital world exposed and vulnerable."
Imagine waking up to find all price feeds inoperable, balances at zero, and wallets empty; such a scenario could become reality if quantum computers, leveraging principles like superposition and entanglement, are used to exploit vulnerabilities.
Algorithms like Shor's can derive private keys from public keys, while Grover's can solve cryptographic puzzles rapidly, undermining security and decentralizing mining control. The industry must unite to develop quantum-resistant technologies to prevent widespread security breaches and maintain trust in the blockchain ecosystem.
Key Features
We provide funding and support to open-source and public-good projects that focus on developing quantum-resistant technologies. By investing in cutting-edge research, we aim to enhance the security of blockchain infrastructure against potential quantum computing threats.
Quantum DAO is committed to educating the blockchain community about the risks posed by quantum computing. Through various initiatives, we raise awareness about the urgency of upgrading to quantum-resistant infrastructure to prevent catastrophic failures across blockchain networks.
Our DAO operates under a decentralized governance framework. Initial contributors, select experts, or community-elected leaders can submit funding proposals. To ensure high-quality submissions, applicants must burn at least $1,000 worth of $QTDAO tokens, maintaining rigorous standards in our selection process.
Quantum DAO implements a transaction fee structure to ensure a continuous flow of resources to the DAO's treasury. Each buy and sell transaction incurs a 5% fee, which is strategically allocated to fund innovative projects, maintain DAO operations, and build the treasury, ensuring the long-term sustainability of our mission.
Roadmap
Phase 1
Initial token distribution
Community building initiatives
Phase 2
Community proposal submission system
Endorsements and voting systems
Transition to DAO ownership