Firo’s Future: Private Digital Money in a Post-Quantum World

Hi everyone,

I want to lay out how I see Firo’s direction from here, what is driving it, and where I think we should focus.

This is not a final roadmap. It is a strategic direction. Some parts are clear. Some involve real trade-offs. On several of those trade-offs, reasonable people can disagree. That is exactly why I’m posting this now.

What Firo Should Be

Firo has always been at its best when it stayed focused on one thing: private digital money.

That focus gave us Zerocoin, Sigma, Lelantus, and Lelantus Spark. Not feature-list padding. Not trend chasing. Actual cryptographic innovation.

I believe we should stay disciplined about that.

That means Firo should remain focused on private payments, private assets, and the supporting infrastructure around them, rather than trying to become a general-purpose privacy DeFi chain. That is not a lack of ambition. It is a recognition of both technical reality and strategic reality.

Privacy-preserving DeFi is one of the hardest things in this space to design well. Every additional moving part expands the attack surface. Every complex interaction makes auditing harder. And once you add the post-quantum problem on top of that, the case for keeping scope tight becomes even stronger. A protocol focused on transfers, assets, and identity primitives is simply more practical to harden and eventually migrate than a generalized smart-contract platform.

That does not mean Firo users should be cut off from DeFi. It means we should access DeFi through ecosystems built for it, rather than trying to reproduce that stack ourselves with privacy layered on top. Bridged representations such as rsFIRO via Rosen Bridge give Firo holders access to Ethereum, BNB Chain, Cardano, and other ecosystems without forcing Firo itself to become something it was never meant to be.

More broadly, the goal should be straightforward: censorship-resistant liquidity from multiple directions. Bridges where appropriate. DEX integrations where appropriate. Fiat ramps in jurisdictions that allow them. What we should avoid is dependence on any single exchange, bridge, or chokepoint.

Privacy Only Works If People Actually Use It

Privacy tech is only as strong as its usage.

A shielded pool containing 1% of supply is not the same thing as a shielded pool containing 30%, 40%, or 50%. If we want real practical privacy, then increasing shielded usage is not optional. It is central.

We have made good progress in Spark address adoption with several exchanges, swap services, masternode services and mining pools adopting it. But it isn’t enough as legacy infrastructure have been slow about adopting them mainly because they didn’t see a need to.

That is why I think several priorities matter more than others.

Helsing: Shielding Masternode Collateral

Helsing is one of the highest-impact things we can do.

If masternode collateral can be held in Spark addresses instead of transparent ones, a very large portion of supply moves into the shielded pool in one step. That is not just symbolically important. It materially improves the anonymity environment for everyone using Spark.

The cryptography for this has already been worked out and some fine tuning remains. From a privacy-impact perspective, this is low-hanging fruit with unusually large upside.

Spark Assets: Private by Default

Spark Assets are also strategically important, but only if we get the default right.

My view is that Spark Assets should be shielded only, except where bridging to transparent external systems makes some exception unavoidable. We should not repeat the optional-privacy mistakes that other ecosystems made. If we are going to build private assets, then we should build them on a private foundation from day one.

Minimizing Transparent Addresses

Longer term, I think transparent addresses should be minimized as aggressively as practical.

In the ideal end state, transparent addressing exists only where there is a real operational reason for it, such as miner reward consolidation or bridge-related interactions.

One model worth exploring is something conceptually similar to Zano’s Gateway Addresses: a separate transparent address class specifically for services like exchanges or bridges that need account-style tracking, clearly separated from the default private user flow. That would let us preserve operational compatibility where needed without compromising the principle that ordinary usage should be private by default.

I do not think we need to force that transition recklessly. But I do think we should start designing toward it.

Why Post-Quantum Changes the Roadmap

This is the biggest reason I think our roadmap priorities need to change.

A few years ago, post-quantum risk still felt comfortably distant. It was easy to treat as a future problem. That is no longer the right framing.

Google’s December 2024 Willow result, its October 2025 Quantum Echoes result, and especially its March 2026 whitepaper on the resources needed to attack elliptic-curve cryptography do not mean Q-Day is here. No such machine exists today, and there are still enormous engineering barriers between theory and deployment. But they do mean the technical estimates are moving faster than many people expected. The March 2026 paper argues that under favorable assumptions, breaking 256-bit elliptic-curve cryptography may require fewer than half a million physical qubits, substantially below many earlier estimates.

That point matters, but it also needs to be stated carefully. The paper’s most aggressive “minutes” framing is tied to attacker-favorable assumptions and fast-clock, primed scenarios. It is not a promise that real-world blockchain key recovery is suddenly trivial. The more important takeaway is simpler: the risk window looks less comfortably distant than it used to.

That broader shift is also reflected in the surrounding ecosystem. The Global Risk Institute’s latest survey suggests experts now view a cryptographically relevant quantum computer as quite possible within 10 years and likely within 15. NIST has already finalized ML-KEM, ML-DSA, and SLH-DSA. In other words, migration planning is no longer theoretical. It is already underway at the standards level.

For a privacy coin, there is an added problem: harvest now, decrypt later. Even before a quantum attacker can break keys in real time, they can record encrypted or linkable data today and try to exploit it later. That matters more for us than for many other systems because blockchain data is durable.

Why I Think We Should Skip the Curve Trees Upgrade

We had originally planned to upgrade Spark with Curve Trees, or what Monero refers to as Full Chain Membership Proofs, to push toward global anonymity sets.

Under ordinary circumstances, that would be a very attractive upgrade.

But I no longer think it is the right use of time.

Curve Trees still sit on elliptic-curve cryptography. If we now believe that the medium-term strategic problem is post-quantum migration, then spending major engineering effort building new infrastructure on top of a foundation we already expect to replace is hard to justify. There is also the engineering reality that wallet and client infrastructure would need meaningful rework, which increases the odds that we end up doing the hard part twice.

So my current view is: do not spend years climbing to a better classical system if we already know the real destination is a post-quantum one.

That is not because Curve Trees are bad. It is because sequencing matters.

The Hard Truth About Post-Quantum Privacy

We need to be honest about this: post-quantum privacy is hard, or rather it is hard to do it efficiently.

NIST’s standards are important progress, but they solve key exchange and signatures, not the full problem of private digital cash. Private payments need much more than that: efficient proofs, confidential values, scalable anonymity, manageable transaction sizes, practical verification, and something engineers can actually deploy and maintain safely.

It would also be wrong to say that nothing exists. There is already meaningful research on post-quantum confidential transactions and RingCT-style constructions, including systems like MatRiCT and LACT+. So the problem is not the total absence of ideas. The problem is that the post-quantum alternatives are still far less mature, far less deployment-tested, and generally much less competitive than the best classical privacy systems.

That is the real difficulty. Today’s most efficient privacy constructions in cryptocurrency often rely somewhere in the stack on elliptic-curve or pairing-based assumptions. Some newer proof systems, especially STARK-style systems, are much more post-quantum friendly because they rely on hash-based assumptions instead. But those systems usually come with heavier proof sizes and performance costs. So even where the cryptographic direction is promising, the engineering trade-offs remain serious.

So I do not think the right message is “PQ privacy is impossible.” It is not. The right message is that production-grade, efficient, user-friendly PQ privacy remains a hard unsolved deployment problem even if several important research ingredients already exist.

Other Projects Show How Hard PQ Privacy Still Is

Projects like Neptune Cash and Abelian deserve credit for taking post-quantum privacy seriously. But they also show how hard the problem still is in practice: Neptune’s stack is still young enough to have already suffered a serious inflation bug, and its own throughput figures show that production-scale PQ private cash is still far from solved. Abelian makes a different trade-off by explicitly offering a more practical semi-private mode with public amounts and traceable spending, which itself says a lot about how difficult full privacy still is to deliver cheaply and at scale.

A Note on Zcash

I also want to address a claim that often comes up: that Zcash is somehow already post-quantum private or post-quantum ready. I do not think that is a fair characterization. Even Sean Bowe’s own post says more work is still needed to fully defend against quantum privacy attacks, and Orchard today is still built on classical elliptic-curve machinery. So even if some limited anonymity properties survive in narrow cases, the broader point does not change: Zcash still needs a substantial overhaul to post-quantum primitives before it can honestly be called post-quantum secure or post-quantum ready.

What We Can Do In The Meantime

Even if a full post-quantum privacy protocol takes time, that does not mean we should do nothing.

Spark Address v2

A lightweight address upgrade that gives users a quantum escape hatch makes sense to me.

The purpose here is not to preserve privacy under quantum attack. It is to preserve ownership. If credible evidence emerges that a real quantum adversary is active, users need a ready path to move funds into quantum-resistant storage rather than waiting for us to invent one in the middle of an emergency.

That mechanism needs to exist before it is needed. This will probably take half a year to do.

Harvest-Now-Decrypt-Later Mitigations

I also think it is worth evaluating mitigations against future decryption risk now, even if they are imperfect.

That includes strict one-time diversified address usage, minimizing unnecessary memo metadata, rotating receive keys more aggressively, and potentially attaching a post-quantum KEM sidecar to current encryption paths.

I am not saying all of these should definitely be implemented. Some may not justify the engineering cost. But I do think this is the right area of focus if we are looking for useful interim protection rather than cosmetic action.

Consensus Also Has A Quantum Problem

The transaction layer is not the only concern.

Firo’s fast-finality and masternode security model relies on BLS signatures for ChainLocks and InstantSend. BLS is not post-quantum secure. That means consensus hardening has to be part of this conversation too.

By contrast, I do not think the first-order quantum risk story for Firo is on the proof-of-work side. Quantum speedups are much more threatening to public-key cryptography than to hash-based work. FiroPoW also has a GPU-oriented, memory-heavy design, which does not make mining the obvious near-term attack surface. The more urgent concern is the part of consensus that depends directly on vulnerable public-key primitives.

One direction we are considering is whether Firo should eventually move back toward a pure proof-of-work model while still finding better ways to encourage actual ecosystem participation from miners.

Right now, too much hashrate behaves like mercenary liquidity: mine, send to exchange, sell, repeat. I do not think the answer is to punish that. I think the answer is to create participation paths that naturally nudge miners into the ecosystem.

One example would be requiring a Spark Name as part of mining setup or payout registration. That is a small piece of friction, but it exposes miners to Firo-native identity and wallet flows and may convert some miners from passive extractors into actual users.

That is only one idea. The broader point is that miner engagement should be designed, not just hoped for.

Funding Still Matters

Firo enters tail emission in September 2028. Until then, the development reward gives us a finite window to get the highest-priority work done. Our biggest donor, Power Up Privacy, has gone missing.

My goal would be to use that window to complete the most important pieces of this roadmap: Helsing, Spark Assets, practical PQ mitigations, and consensus hardening.

Beyond that point, we need honest discussion about sustainability that does not rely on changing tokenomics, which I personally do not favor. That means thinking seriously about service revenue, bridge-related revenue, liquidity infrastructure, crowdfunding, or other aligned models before 2028 arrives, not after.

The Real Question

The real question is not whether post-quantum risk is immediate tomorrow morning.

The real question is whether we are going to spend the next few years polishing the best version of a system we already know we will need to replace, or whether we start using that time to prepare for the system we will actually need.

My view is that Firo should choose the second path.

That means:

  • staying focused on private digital money,

  • driving more supply and activity into shielded usage,

  • reducing transparent surface area over time,

  • skipping major classical upgrades that do not survive the next architectural era,

  • building practical interim protections now,

  • and preparing seriously for a post-quantum future at both the privacy layer and the consensus layer.

Not because it is easy. Because it is necessary.

I would especially like feedback on three things:

  • whether interim PQ mitigations are worth the engineering cost,

  • what direction consensus should move in if BLS-based masternode security becomes a dead end,

  • and what sustainable revenue models are realistic after 2028.

Firo has always been strongest when it tackled hard cryptographic problems directly instead of pretending they did not exist. I think this is the next one.

Reuben Yap
Project Steward, Firo

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To the point, I still believe in firo project. Keep it up guys :fire::fire::fire:

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到目前为止,我一直相信firo,我将继续支持这个优秀的项目团队,继续加油吧伙计们

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Hi, Reuben. Thanks for your explanation about the looming quantum risk. Some recent news indicated that Litecoin underwent a block reorganization, I don’t know the details how they will deal with the probable lost assets in the mimblewimble anonymity layer, but it seems it is too early to give up the finality layer to reach post quantum safety, could you share your opinions?

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I believe it was more of a DOS vector that allowed the 51% attack to happen rather than a true 51% attack. Before the quantum risk, the bigger risk now is AI-assisted vulnerability finding ala Mythos type of things.

I’ve also sketched out a rough mitigation proposal for Firo here:

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What does that even mean? Is this what you are referring to?

Honestly I re-read everything and I’m still lost when it comes to the technical deets please forgive me. The biggest thing I do know is whatever the implementation is it should not bloat the chain size.

Any statements from DASH and PIVX on this subject since they use similar?

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I believe what @reuben is referring to is Cryptographic Agility.

the capability of an information system to rapidly change or replace cryptographic algorithms, keys, and protocols without disrupting operations or security.

It enables systems to adapt to new cryptographic standards as threats evolve, including those introduced by quantum computing.

Anyway, I wanted to add what a few privacy projects and teams are working on for their PQ roadmaps. This should be helpful to get an idea on what other projects have in mind. Monero plans on focusing on QC after FCMP++ but are already speaking about it during dev meetings.

  • Monero’s PQ roadmap here: github(.)com/monero-project/research-lab/issues/151#issuecomment-4281932714

  • Zcash’s PQ roadmap is laid out here: x(.)com/TachyonZcash/status/2040174642741342598
    Im sure theres more, but this was a nice succinct 20 minute video

  • Nym (Not exactly focused on private crypto but private networking) roadmap: nym(.)com/blog/nym-post-quantum-roadmap April 4, 2025)
    and latest updates on their implementation of the Lewes Protocol nym(.)com/blog/lewes-protocol-post-quantum and this video breakdown explains their thinking behind deploying the new Lewes protocol
    NymVPN’s post-quantum upgrade is here — Community call #2614
    youtube(.)com/watch?v=CbRWANQdQlg

    I hope this can be helpful

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Thanks for putting down your thoughts here Reuben and in plenty of time for them to be digested by the community before decisions become pressing.

Private digital money is certainly the mission for Firo to focus on. To become the best user option in this narrow field alone already shows huge ambition and a benevolent interest in the preservation of peoples right to privacy around the globe. For this reason it is sensible to keep this precise goal in focus and not be distracted by all that glitters in the world of De-Fi. Indeed it is the pursuit of excellence and innovation in this singular mission which has led to all the protocol advances which you mention. In so single mindedly and tenaciously building the FIRO software in this way the community has garnered a huge amount of “social capital” in its following amongst talented cryptographers, maths geniuses and blockchain experts. If it ain’t broke, don’t fix it!

Keeping the attack surface area as small as possible is mission critical. A blockchain can lose all its value overnight should it be compromised at protocol level. The small resources that the FIRO project has available should not be stretched too thin. Much better to provide a solid kernel for others to flesh out than to try and become the entire fruit itself. The fact that SPATS assest are a bullet proof addition to FIRO already translates to a huge competitive advantage over other blockchains.

Because increasing the size of the shielded pool is very important to practical privacy it makes sense to do all that it possible at a protocol level to make this happen. Helsing Shielding Masternode Collateral, having Masternode rewards paid directly into the private pool (is this possible?) and shielded only SPATS assets are all objectives which should be set in an effort to augment practical privacy for FIRO.

Skip the curve tree upgrade. 100%. No-one knows how long we have before brute forcing existing private keys with Quantum computers becomes possible. No-one knows either how long it is going to take to write and test code which leads to quantum resistant keys. My bet is that it is not going to be a 5 min job! Half a year sounds optimistic too. This has to be a top priority now that we still have time to do it. Not all FIRO holders will migrate their coins to quantum attack resistant addresses, even if they are available, before this quantum threat becomes a reality. In the case that an attacker hacks the remaining unprotected wallets using a quantum computer they could potentially launch a successful attack on the network using their stolen coins to break the MN quorum (see my final points at the bottom of this response). The community of FIRO holders need to be given as much time as possible to migrate their coins across to Spark Address V2s.

The idea of forcing miners to mine to Spark Address V2s is a very good one.

The consensus level hardening against quantum attack is also very much necessary. There is one possible get-out for this . . . If the full supply of coins is released before the quantum menace becomes a reality, then the Master Node network could be wound down. This would mean finding a different solution to InstaSend, could this be worth considering?

Funding is the same class of problem as the PQ one. It is a very real problem that we still have time to find a solution to before it becomes urgent. Let’s put our thinking caps on . . .

My opinion on the 3 points that you mention:

1. Post Quantum mitigations are definitely worth the engineering costs and should focus on creating Spark Address V2. Hardening the consensus against Quantum Computers is next on the list but only need be tackled once point 2 has been considered

2. A new consensus free from the need to secure the Master Node network against quantum attacks (direct or via stolen coins) should be very seriously considered. Huge academic leaps forward have been made in the study of Proof of Stake consensus since blockchains became a thing. Is there a modern one that lends itself to a PQ world? One with an integral voting mechanism would be nice! This way future proposals could be injected and voted on by the coin holders.

3. Again, like the second part of question one, this question hinges around the future consensus model for FIRO. Sustainable revenue models do exist for modern POS networks. FIRO has been very generous to the world of cryptography and blockchain with its research to date, we should not be ashamed to copy someone else’s homework on the matter of the validator consensus or revenue model!

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To bring the :fire:yo should look at quantum, but see if a PQA angle would be also AI scanning of mining traffic. Amirite to question if me gonna have to register my minner to my biometrics post 2030 to be approved?

Lets hope that any research on PQ is not solely relying on questionable companies that are developing PQ andthe AI space. The post-quantum cryptography (PQC) research landscape is heavily shaped by the same entities that stand to benefit from quantum computing development.

Companies like Google, IBM, and Amazon are investing billions in quantum hardware while also positioning themselves as PQC solution providers. The same entities creating the threat are monetizing the fear of it.

https://arxiv.org/pdf/2210.12753

If a PQ defense is developed it shouldn’t be half baked nor soley rely on a companies research that may be for them to benefit or adversaries they contract with.

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We’re currently in talks with two firms that we have extensive experience with which is @rehrar’s Cypher Stack (behind Stack Wallet and many other things) and @Mikerah’s HashCloak (who has done our audits before).

Cypher Stack in particular has a cryptographer Freeman Slaughter whose research interest in particular is on code-based zk proofs which are designed to be post quantum secure while HashCloak has a lot of experience on Spark and working with Firo. The current discussions are centered around having both firms collaborate with each other.

The two things that we intend to do are
a) Figure out a transition post pq strategy (similar to the gist I shared earlier)

b) Design a post quantum Spark successor.

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