Joker on Nostr: NIST Plans To Develop Quantum-Resistant Cryptography (Also Applicable To Bitcoin) Via ...
NIST Plans To Develop Quantum-Resistant Cryptography (Also Applicable To Bitcoin) Via AES Encryption Upgrade
The threat of quantum computers breaking modern encryption standards used in banking, cryptocurrencies, and military intelligence came into sharper focus after Google revealed its Willow quantum processor.
Despite the exponential increase in processing power, quantum computers have design limitations, including the number of qubits dedicated to error correction that prevent these systems from cracking modern encryption standards.
In November, the Singapore Monetary Authority (MAS) and Banque de France (BDF) completed a post-quantum cryptography test. The experiment tested securing Microsoft Outlook emails with post-quantum computing to digitally sign the emails.
Hash-based, quantum-resistant solutions have also been proposed as a way to provide quantum security for systems relying on elliptical curve digital signature algorithms (ECDSA).
However, co-founder and CEO of Blockstream Adam Back recently wrote that implementing these hash-based schemes would likely never be used and said that post-quantum research would continue to develop in the decades preceding quantum supremacy.
The National Institute of Standards and Technology (NIST) seeks public input on the proposed changes until June 25, 2025.
Remainder Of The Article: NSA Working To Develop Quantum-Resistant Cryptocurrency: https://dpl-surveillance-equipment.com/bitcoin-and-crypto-currency/nsa-working-to-develop-quantum-resistant-cryptocurrency-report-gotbitcoin/
The threat of quantum computers breaking modern encryption standards used in banking, cryptocurrencies, and military intelligence came into sharper focus after Google revealed its Willow quantum processor.
Despite the exponential increase in processing power, quantum computers have design limitations, including the number of qubits dedicated to error correction that prevent these systems from cracking modern encryption standards.
In November, the Singapore Monetary Authority (MAS) and Banque de France (BDF) completed a post-quantum cryptography test. The experiment tested securing Microsoft Outlook emails with post-quantum computing to digitally sign the emails.
Hash-based, quantum-resistant solutions have also been proposed as a way to provide quantum security for systems relying on elliptical curve digital signature algorithms (ECDSA).
However, co-founder and CEO of Blockstream Adam Back recently wrote that implementing these hash-based schemes would likely never be used and said that post-quantum research would continue to develop in the decades preceding quantum supremacy.
The National Institute of Standards and Technology (NIST) seeks public input on the proposed changes until June 25, 2025.
Remainder Of The Article: NSA Working To Develop Quantum-Resistant Cryptocurrency: https://dpl-surveillance-equipment.com/bitcoin-and-crypto-currency/nsa-working-to-develop-quantum-resistant-cryptocurrency-report-gotbitcoin/