© Reuters.
MicroAlgo Inc. (MLGO) (the “Company” or “MicroAlgo”), today announced its new Quantum Resistant Distributed Ledger Technology (QSDLT), designed to enhance the security of Bitcoin and other networks cryptocurrencies.
Conventional blockchain security relies on cryptographic methods that use public key encryption. However, the development of quantum computing represents a significant risk for these methods. Quantum computers have the potential to quickly solve complex problems that are currently beyond the capabilities of traditional computers, including decrypting commonly used encryption algorithms.
Specifically, quantum computers could potentially decrypt encryption methods such as RSA and elliptic curve cryptography. This would allow quantum computers to access private keys and transaction information, compromising the security of blockchain networks. The development of QSDLT is therefore essential to remedy this potential vulnerability.
To protect the network Bitcoin against the threats of quantum computing, MicroAlgo Inc. developed the QSDLT. This technology aims to strengthen the network Bitcoin by integrating quantum resistance characteristics. QSDLT represents not just an incremental improvement to existing blockchain technology, but a fundamental transformation of blockchain infrastructure. cryptocurrency.
The QSDLTfrom MicroAlgo Inc. uses a set of advanced cryptographic techniques specifically designed to resist quantum computing attacks, ensuring transactions are protected Bitcoin and user identities. The primary objective of QSDLT is to establish a security framework impervious to the threats posed by quantum computing, by integrating quantum resistance into distributed ledger technology for better protection of Bitcoin and others cryptocurrencies. Its design principles focus on defending against quantum computing attacks, maintaining consistency, reducing transaction fees, enabling decentralized operations, and improving transparency. The launch of this technology represents a major step forward in the evolution of the network Bitcoin.
Defense mechanism resistant to quantum attacks: One of the main characteristics of QSDLT from MicroAlgo Inc. is its robust defense against quantum computing attacks. Traditional blockchain cryptographic methods, such as RSA cryptography and elliptic curve cryptography, could be vulnerable to such attacks. QSDLT uses carefully designed cryptographic techniques that provide greater resistance to quantum computing attacks, ensuring the security and integrity of transactions Bitcoin.
Consistency and transparency: QSDLT focuses on preserving blockchain consistency, meaning that once a transaction is verified and recorded on the blockchain, it is permanent and unalterable. This permanence is essential for the reliability of the network Bitcoin. Additionally, the QSDLT from MicroAlgo Inc. improves transparency by maintaining the decentralized nature of the blockchain, which allows all participants to access and validate transaction history, thereby increasing traceability and openness.
Post-Quantum Distributed Ledger Technology (PQDLT): QSDLT from MicroAlgo Inc. not only focuses on defending against quantum computing, but also positions itself in a broader technological framework, giving rise to PQDLT. PQDLT represents the integration of QSDLT with advances in machine learning, deep learning, 6G and quantum internet technologies, setting the stage for the future digital economy. PQDLT aims to ensure total network security Bitcoin and developing digital financial infrastructure.
Reduction of transaction fees: By implementing optimized algorithms and technologies, PQDLT effectively reduces the cost of transactions by bitcoins. This reduction in fees makes the network Bitcoin more accessible and reduces barriers to more users participating in transactions Bitcoin. Lower costs should encourage widespread adoption of Bitcoin and strengthen its integration into the digital currency market.
Scalability: QSDLT from MicroAlgo Inc. was designed with scalability in mind to accommodate future growth. This scalability allows QSDLT to adapt to the increase in the number of network users Bitcoin and meet the growing demands of digital finance. Scalability is essential for QSDLT to be a reliable infrastructure.
The QSDLTfrom MicroAlgo Inc. is an innovative update designed to address the challenges posed by quantum computing. Its main features are a quantum-resistant defense mechanism, consistency and transparency, reduced transaction fees, PQDLT and scalability, which together form a strong and adaptable security framework.
The QSDLTfrom MicroAlgo Inc. endows the network Bitcoin a formidable defense against quantum computing attacks, guaranteeing the security and integrity of transactions. It also maintains fundamental properties of blockchain, such as consistency and transparency, thereby improving the reliability of the network. Reducing transaction fees makes the network Bitcoin more attractive and promotes its use on a large scale. As the threat of quantum computing looms, the introduction of QSDLT from MicroAlgo Inc. announces a new era in security Bitcoin. The fundamental concepts and key attributes of QSDLT provide a vision for the future of digital finance, a breakthrough that will expand the possibilities of the digital economy, maintain the security and reliability of Bitcoin and other networks cryptocurrencies in the quantum era, and will drive the progress of digital finance in the future.
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