🔥 Bitcoin Completes First Experimental Quantum-Safe Transaction, Starkware Says.
Image: Decrypt/GoogleCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief StarkWare says the first quantum-safe Bitcoin transaction has been mined on Bitcoin mainnet. The method uses hash-based security without changing Bitcoins consensus rules. StarkWare still favors a soft fork as a long-term defense against quantum computers. Starkware, the blockchain infrastructure company behind Ethereum layer-2 network Starknet, says the first quantum-safe Bitcoin transaction has been mined on the Bitcoin mainnet, testing a way to protect funds from future quantum attacks without changing the networks consensus rules.
In a blog post on Wednesday, Starkware said the transaction used Quantum-Safe Bitcoin, or QSB, a method developed by Starkware researcher Avihu Levy. Levy published the research in April, and Starkware engineer Tomer Giladi later helped turn the proposal into a working mainnet transaction. A quantum-safe transaction was mined on the Bitcoin mainnet today that holds up against an adversary running a working quantum computer, Starkware wrote. Bitcoin holders now have a way to move coins into storage a quantum computer cannot open. Bitcoin uses elliptic-curve cryptography to secure transactions, which a sufficiently powerful quantum computer running Shors algorithm could theoretically break to derive private keys and steal funds.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#EthereumUpgrade #SECryptoRegulation #AICryptoIntegration
Image: Decrypt/GoogleCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief StarkWare says the first quantum-safe Bitcoin transaction has been mined on Bitcoin mainnet. The method uses hash-based security without changing Bitcoins consensus rules. StarkWare still favors a soft fork as a long-term defense against quantum computers. Starkware, the blockchain infrastructure company behind Ethereum layer-2 network Starknet, says the first quantum-safe Bitcoin transaction has been mined on the Bitcoin mainnet, testing a way to protect funds from future quantum attacks without changing the networks consensus rules.
In a blog post on Wednesday, Starkware said the transaction used Quantum-Safe Bitcoin, or QSB, a method developed by Starkware researcher Avihu Levy. Levy published the research in April, and Starkware engineer Tomer Giladi later helped turn the proposal into a working mainnet transaction. A quantum-safe transaction was mined on the Bitcoin mainnet today that holds up against an adversary running a working quantum computer, Starkware wrote. Bitcoin holders now have a way to move coins into storage a quantum computer cannot open. Bitcoin uses elliptic-curve cryptography to secure transactions, which a sufficiently powerful quantum computer running Shors algorithm could theoretically break to derive private keys and steal funds.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#EthereumUpgrade #SECryptoRegulation #AICryptoIntegration