Company BTQ Technologies announced its alliance with the QBITS company on August 5th. A safe custody solution against possible quantum attacks To digital assets such as Bitcoin (BTC) and Ethher (ETH).
The announcement is System Protection System This is resistant to advances in quantum computing, particularly in relation to potential vulnerabilities in the cryptographic keys used in current networks.
The technology development is based on the quantum canary network, a public test network (Test Net) After being specially built, experiment with talented security systems.
That network works like this Simulation and verification environment For architectures where quantum computers intend to predict scenarios where today’s encryption algorithms are now considered secure, such as Bitcoin’s Elliptical Curve Digital Signature Algorithm (ECDSA).
Focused on experimental stage design and institutions
The joint initiative aims to integrate cash technology.
This architecture, as defined in a statement issued by a company, is Performs up to 1 million operations per second Low energy consumption makes it suitable for large-scale management solutions.
The system is still under development, but the drivers claim that it will incorporate an ML-DSA algorithm selected by the National Institute of Standards and Technology in the US.
Both protocols have been evaluated as possible criteria for quantum computing environments.
If specified, this proposal allows the institution to store and protect cryptocurrency wallets using an additional layer of security against the possibility of future attacks. This could have special relevance to the funds, administrators, or platforms that manage large quantities of private keys.
Quantum verification and roadmap tests for 2025
The public roadmap includes two central milestones. On the one hand, the integrated test for the QPOW Canary Test (Quantum Work Test) is foreseen in the third quarter of 2025. In other words, Adaptation of work testing mechanisms used in the Bitcoin protocol; However, it is still under development, but is designed to utilize the principles of quantum computing in its operation.
Unlike traditional work test schemes (POWs), which require a large amount of energy to secure networks and verify blocks, QPOW promises More energy efficient consensus mechanismaccording to the official BTQ Technologies website.
In Pow, miners consume a lot of energy to solve mathematical problems through the hash function and propose new blocks. These blocks are verified by nodes in the network. This agrees with the correct state of the blockchain. A process called consensus has been distributed.
In contrast, the QPOW system replaces its approach with a method known as boson sampling. This is a quantum technology that uses less energy than classical computers when solving similar problems.
As explained in BTQ, this could benefit the network by reducing energy consumption, but it warns that consumption is a multifactorial problem.
Meanwhile, towards the fourth quarter of this year, when it comes to aggregation of Falcon companies, there is hope that cryptographic technology, which promises to efficiently group multiple digital companies.
However, the two pointed targets are surrounded by a Theoretical experimental approach.
While this project is still far from practical implementations or mass-use, the proposal shows the growing interest in cryptocurrency ecosystem actors in developing custody standards that can be maintained robust before final quantum attacks.