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  • NIST has chosen a new algorithm for post-quantum encryption called HQC, which will serve as a backup for ML-KEM, the main algorithm for general encryption.
  • HQC is based on different math than ML-KEM, which could be important if a weakness were discovered in ML-KEM.
  • NIST plans to issue a draft standard incorporating the HQC algorithm in about a year, with a finalized standard expected in 2027.
Hmmm where is the free market in developing such solutions?
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As far as I know, these solutions are put forward by independent scientists, and what NIST does is pick the ones it thinks are best.
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