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NEAR Protocol Adds Post-Quantum Cryptography Support Without Requiring Asset Migration

BullishMedium impact
NEARUSD$5.30 0.15%

NEAR Protocol (COINBASE:NEARUSD) has enabled support for the post-quantum ML-DSA signature scheme across its user accounts. The core development team, Near One, structured the upgrade so token holders do not need to move or migrate their existing assets. Following the security upgrade, NEAR Protocol was trading at $5.023, up 2.85% for the day.

The technical enhancement relies on NEP-655, which introduces implicit accounts created from an initial state hash. By storing assets behind this hash, the blockchain avoids exposing public keys or key hashes directly on-chain. Additionally, developers are expanding the NEAR Intents wallet contract to accommodate custom signature extensions, alongside creating a quantum recovery registry that lets users register rotatable hash keys for platforms lacking post-quantum capability.

The post-quantum functionality is currently active on the testnet environment. Investors and network participants will be watching for the official mainnet rollout, which the development team expects to complete in the coming weeks.

Key points

  • NEAR Protocol accounts now support the post-quantum ML-DSA signature scheme without requiring users to migrate assets.
  • Core developer Near One is building NEP-655, using state hashes to keep public keys off the public ledger.
  • Developers are designing the NEAR Intents wallet contract to accommodate custom signature extensions and quantum recovery options.
  • The security feature is live on testnet, with full mainnet launch expected in the coming weeks.
  • NEAR Protocol (COINBASE:NEARUSD) rose 2.85% today to $5.023 following the technical announcement.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

Do NEAR Protocol users need to migrate assets for post-quantum security?

No, NEAR Protocol accounts support the post-quantum ML-DSA signature scheme without requiring users to migrate their assets.

When will NEAR Protocol launch post-quantum signatures on mainnet?

The feature is currently live on the testnet, and the development team plans to launch it on mainnet in the coming weeks.

How does NEAR Protocol keep public keys hidden on-chain?

NEAR uses commitment-based implicit accounts derived from an initial state hash, keeping assets behind the hash without exposing public keys or key hashes on-chain.