The anti-quantum cryptography organization BTQ announces Bitcoin Quantum, a quantum-resistant algorithm solution for Bitcoin

BTC-2,67%

BlockBeats News, January 12 — According to Coindesk, the quantum-resistant cryptography professional organization BTQ Technologies (BTQ) recently announced a permissionless fork testnet called “Bitcoin Quantum” (比特币量子) to protect the Bitcoin blockchain. The network claims to be capable of addressing quantum challenges.

BTQ’s partnership lead Chris Tam stated that Bitcoin Quantum is an open, operational network where miners, developers, researchers, and users can conduct stress tests against quantum transactions and reveal practical trade-offs before discussions on mainnet upgrades become urgent. The system includes a block explorer and mining pools, providing immediate accessibility.

Tam explained that in August 2024, the so-called “Dilithium” quantum-resistant algorithm (officially known as the lattice-based digital signature algorithm ML-DSA) was standardized in the United States. This algorithm is the technology used by the Bitcoin Quantum network. Such algorithms have not yet been widely adopted in fast-evolving fields like cryptocurrencies, mainly due to high operational costs. Compared to the digital signatures used when sending information to the blockchain or even sending WhatsApp messages, quantum-resistant algorithms increase data size by at least 200 times. Therefore, while there are methods to counter quantum risks, they also introduce issues, primarily related to performance and cost overheads during large-scale deployment.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Data: 145.5 BTC transferred from an anonymous address, worth approximately 10.35 million USD

ChainCatcher reports that, according to Arkham data, at 06:13, 145.5 BTC (worth approximately $10.35 million) was transferred from one anonymous address (starting with bc1q053n...) to another anonymous address (starting with bc1qmuyh...).

GateNews11m ago

Fed Chair Nominee Kevin Warsh Calls Bitcoin an Important Asset for Policymakers

Bitcoin’s policy outlook brightens as the White House formally nominates Kevin Warsh to lead the Federal Reserve, elevating a former governor who has praised bitcoin as a meaningful financial signal and transformative software innovation. White House Formally Nominates Kevin Warsh as Federal Rese

Coinpedia48m ago

CleanSpark Sells 553 BTC for $36.6M in February as Miners Dump Bitcoin

Bitcoin (CRYPTO: BTC) miners faced a dual dynamic in February: cash-flow optimization through asset sales alongside aggressive capacity expansion to support AI-enabled data-center workloads. CleanSpark reported selling 553 BTC from its February production for roughly $36.6 million while mining 568 B

CryptoBreaking1h ago
Comment
0/400
No comments