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In a recent tweet, XRP Ledger validator Vet revealed the outcome of a full history analysis of 7.8 million (7,810,364) XRP accounts for quantum threat exposure targeting dormant accounts.
Vet summarized this result in a tweet, noting that Genesis XRP accounts, which might be referred to as the "Satoshi Era" equivalent, make up 0.02% of all XRP supply that is dormant and exposed. "Satoshi Era" is Bitcoin parlance often referring to coins active in the cryptocurrency's early days.
It was observed that the exposed supply increases as dormancy thresholds are lowered. However, 23.16 billion XRP remains completely Quantum Safe. These accounts have either rotated keys or never signed a transaction (receive only).
Full details
The analysis by Vet first evaluated all XRP accounts across their full history without considering dormancy. 76.82 billion XRP (or 5.6 million accounts) are deemed to be quantum exposed, with 96% of them being active accounts. This implies that these accounts signed transactions recently and will subsequently be expected to migrate to a quantum-proof XRP account.
Now factoring in the period of dormancy, quantum-exposed accounts that were dormant for at least 5 years account for 2.94% of the total XRP supply (or 3.83% of all exposed XRP).
0.02% of the total supply accounts for wallets that have only been touched once and not since 2013.
About 27.21% of all XRPL accounts (2.13 million accounts that hold 23.16 billion XRP) are currently quantum safe. These fall into two groups: 24.56% that have never broadcast a signed transaction (so no public key is currently on the ledger) and the rest, about 2.65%, have actively rotated authority and disabled their master key.
Vet also noted that 242 multi-sig wallets, which hold about 36.60 billion XRP (36.6% of total supply), are in a state where a quorum of their signers' public keys are already on the Ledger, and this includes Ripple's escrow distribution wallets.
XRP continues to advance its push towards a quantum future. Ripple recently unveiled a four-phase plan to make the XRP Ledger quantum-resistant by 2028.
Dan Burgin
U.Today Editorial Team
