1 Signature scheme 0/10, weighted 30%
Band 0: Classical signatures only on mainnet, with nothing post-quantum protecting live funds. Short-lived devnets and one-off benchmarks sit here: they demonstrate research rather than something a user can hold keys on.
Cardano mainnet signs with Ed25519 and its slot-leader election uses an elliptic-curve VRF, both broken by Shor's algorithm. No post-quantum signature is available on mainnet in any form, opt-in or otherwise.
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2 Deployment stage 5/10, weighted 25%
Band 5: Tier 3: Committed.
Tier 3: Committed. Post-quantum security is one of three named pillars of a funded research programme with named deliverables and an identified research lead, and nothing is live on mainnet.
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3 NIST alignment 5/10, weighted 15%
Band 3 to 5: NIST schemes are referenced as candidates without a committed selection, or the work is bespoke research.
The programme's first deliverable is assessing state-of-the-art post-quantum building blocks rather than committing to a NIST scheme, and the post-quantum VRF it plans to design is novel research with no standardised counterpart. Cardano has not yet named the signature scheme it intends to adopt.
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Placement in the band The top of the band rather than a 3: the programme is funded, names its research lead and enumerates deliverables, which is stronger than a passing reference to candidates. It cannot reach 6 because no signature scheme has been selected and the planned post-quantum VRF has no standardised counterpart at all.
4 Migration path 6/10, weighted 15%
Band 6 to 8: A credible published plan exists with a mechanism identified, but key parts are unbuilt or undated.
A published migration strategy is deliverable D3.1, so the plan for the plan exists rather than the plan itself. Cardano's on-chain governance gives it a credible route to enact a change once designed, and its formal-methods culture means a migration SIP would arrive with proofs attached.
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Placement in the band The floor of the band: what exists is deliverable D3.1, a commitment to produce a migration strategy, rather than the strategy itself. A 7 or an 8 would need the mechanism named, and on-chain governance is the route to enact a plan rather than the plan.
5 Exposure 4/10, weighted 10%
Band 3 to 5: Most active accounts have revealed a public key, or the chain has no live supply to assess.
CIP-19 defines a Shelley address as a payment credential plus a delegation credential, each of them a blake2b-224 hash of an Ed25519 verification key rather than the key itself. A payment key is therefore revealed when an output is spent, not when an address is created, so never-spent holdings are not yet harvestable. The stake key is revealed separately when an address delegates. Scored on the address model: we found no published measurement of Cardano's exposed share.
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Placement in the band A 4 rather than a 3, because the payment key is revealed only when an output is spent, so never-spent holdings remain unharvestable, which is better than the account-model chains sharing this band. Not a 5, because no published measurement of Cardano's exposed share was found and the stake key is revealed separately on delegation.
6 Verification 9/10, weighted 5%
Band 9 to 10: Open source, independently audited, with the claim checkable on-chain or in public research.
Cardano's research is peer-reviewed and published, the programme names its research lead and enumerates deliverables, the protocol is open source, and the roadmap was put through Cardano's on-chain governance process rather than announced unilaterally.
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Placement in the band Not a 10: the peer review and the governance process are real, but they cover research and a roadmap. There is no deployed post-quantum component on Cardano for anyone to audit or check on-chain.