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https://droomdroom.com/intersection-of-blockchain-and-quantum-computing/
Blockchain technology has revolutionized decentralized systems, securing transactions through cryptography. However, the rise of quantum computing poses both challenges and opportunities. Quantum computers threaten to break traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) using algorithms such as Shor’s. This vulnerability could undermine blockchain security, necessitating innovative solutions.
Enter Quranium, the world’s first quantum-proof hybrid Distributed Ledger Technology (DLT). Designed with quantum resistance in mind, Quranium features a dual-layer architecture that enhances scalability and integrates seamlessly with IoT devices. Its core layer uses a proof-of-work mechanism, while the crust layer employs a Proof of Respect BlockDAG system for efficient, parallel transaction processing.
To combat quantum threats, researchers are developing post-quantum cryptography, which includes algorithms that resist quantum attacks. Quranium utilizes SPHINCS+, a NIST-approved hash-based signature scheme that ensures transaction security even against advanced quantum adversaries.
As blockchain and quantum computing converge, the need for quantum-resistant solutions becomes crucial. While traditional blockchains may struggle to adapt, Quranium stands at the forefront, ready to tackle the vulnerabilities posed by quantum technology, potentially ushering in a new era of secure digital transactions and decentralized finance. 🚀
