Crypto Firms Accelerate Quantum-Safe Wallet Upgrades Ahead of Protocol Changes
- Quantum-Safe Wallet Upgrades: Crypto infrastructure firms are rapidly upgrading wallets to support post-quantum multi-party computation (MPC) signatures, with Silence Laboratories implementing the NIST-approved ML-DSA algorithm, which is expected to enhance wallet security and protect user assets against quantum computing threats.
- Seamless Transition: Existing MPC infrastructure allows financial institutions to migrate to quantum-resistant wallets through a simple code upgrade, ensuring that users will not notice any changes while using interfaces like MetaMask, thereby reducing the complexity of technological migration and user adaptation costs.
- Protocol Coordination Challenges: Despite ongoing wallet-level upgrades, the security of wallets will be compromised if blockchain networks do not upgrade their protocols in tandem; Silence Laboratories CEO Jay Prakash emphasized that “upgrading wallets without upgrading chains won’t work.”
- Imminent Quantum Threats: With estimates suggesting that “Q-Day” could arrive as early as 2030, a report by Project Eleven warns that quantum computers could break cryptographic foundations securing trillions in digital assets within four to seven years, prompting crypto firms to accelerate their upgrade efforts to safeguard these assets.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SCR
Technical Sentiment Analysis for Scroll (SCR). As of , Scroll (SCR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SCR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SCR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Scroll (SCR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0347 | 0.0398 | 0.0456 | 0.0507 | 0.0564 | 0.0616 | 0.0673 |
| Fibonacci | 0.0398 | 0.044 | 0.0465 | 0.0507 | 0.0549 | 0.0574 | 0.0616 |
About SCR
About the author
