BEIJING, Dec. 27, 2023 /PRNewswire/ — MicroAlgo Inc. (NASDAQ: MLGO) (the “Firm” or “MicroAlgo”), at present introduced the quantum defend distributed ledger expertise (QSDLT), designed to present a stronger, safer basis for Bitcoin and different cryptocurrency methods.
In conventional blockchain methods, safety depends closely on cryptographic algorithms based mostly on public key cyphers. Nonetheless, the emergence of quantum computer systems threatens this technique. Quantum computer systems can resolve issues in a comparatively quick time period that present typical computer systems can’t deal with, together with some extensively used cryptographic algorithms.
Particularly, the emergence of quantum computer systems might crack present methods based mostly on RSA and elliptic curve encryption algorithms. Which means non-public keys and transaction information might be simply accessed by quantum computer systems, jeopardizing the safety of the whole blockchain system. To counter this menace, the analysis and improvement of QSDLT have grow to be notably pressing.
To guard the Bitcoin system from the specter of quantum computer systems, MicroAlgo Inc.’s QSDLT was created as an revolutionary answer. The objective of QSDLT is to construct a sturdy defend for the Bitcoin system by integrating quantum safety, which isn’t simply a easy improve to the standard blockchain system, however a revolutionary change to the whole cryptocurrency ecosystem.
MicroAlgo Inc.’s QSDLT employs a sequence of superior cryptographic algorithms, notably people who fight quantum algorithms, to be sure that Bitcoin transactions and consumer identities are absolutely protected. Its core is to present a safety framework that’s resistant to quantum computing threats, incorporating quantum safety into DLT to present stronger safety for Bitcoin and different cryptocurrencies. Its design ideas embody countering assaults from quantum algorithms, attaining invariance, decreasing transaction prices, enabling decentralization and growing transparency. The introduction of this expertise marks the subsequent stage within the evolution of the Bitcoin system.
Anti-quantum algorithm defence mechanism: One of many core points of MicroAlgo Inc.’s QSDLT is its sturdy anti-quantum algorithm defence mechanism. Cryptographic algorithms utilized in conventional blockchain methods, reminiscent of RSA and elliptic curve encryption algorithms, could also be threatened by quantum laptop assaults sooner or later. To handle this problem, QSDLT employs well-thought-out cryptographic algorithms which might be extra resilient to quantum laptop assaults. This ensures that QSDLT shall be in a position to hold Bitcoin transactions safe and tamper-proof within the face of the rise of quantum computer systems.
Invariance and transparency: QSDLT focuses on sustaining the invariance of the blockchain, that means that when a transaction is confirmed and added to the blockchain, it can’t be tampered with. This is among the basic traits of the blockchain and is essential to making certain the trustworthiness of the Bitcoin system. In the meantime, MicroAlgo Inc.’s QSDLT promotes transparency via the decentralized nature of the blockchain. Each participant is in a position to view and confirm the historical past of transactions, thus enhancing total traceability and openness.
Put up-quantum distributed ledger expertise (PQDLT): MicroAlgo Inc.’s QSDLT expertise focuses not solely on anti-quantum algorithm protection, but in addition locations itself in a broader technological context to type PQDLT. this denotes the convergence of QSDLT with improvements within the fields of machine studying, deep studying, 6G, and the quantum web, laying the groundwork for the way forward for the digital financial system. The idea of PQDLT goals to obtain complete safety for the Bitcoin system and to facilitate the event of a digital monetary system.
Decreased prices: QSDLT successfully reduces the price of Bitcoin transactions by using fastidiously optimized algorithms and applied sciences. This characteristic not solely makes the Bitcoin community extra accessible, but in addition offers a decrease barrier to participation in Bitcoin transactions for a broader group of customers. Decreasing the fee will assist facilitate mass adoption of Bitcoin and drive broader adoption within the digital forex house.
Extremely scalable: MicroAlgo Inc.’s QSDLT is extremely scalable with future progress wants in thoughts in its primary idea. This permits QSDLT to adapt to the growing measurement of the Bitcoin community’s consumer base and to be versatile sufficient to meet the rising calls for of digital finance. Excessive scalability is among the key elements that make QSDLT a trusted infrastructure.
MicroAlgo Inc.’s QSDLT is greater than a easy improve to the standard blockchain. It’s an replace to fight the specter of quantum computing. Its key options, together with anti-quantum algorithmic defence mechanisms, invariance and transparency, value discount, PQDLT, and excessive scalability, mix to create a sturdy and versatile safety framework.
MicroAlgo Inc.’s QSDLT offers the Bitcoin system with a sturdy defence towards quantum algorithms with its sturdy anti-quantum algorithmic capabilities, making transactions safe and tamper-proof. On the similar time, QSDLT maintains the essential ideas of the blockchain, enhancing total trustworthiness via invariance and transparency. Decreased transaction prices make the Bitcoin community extra engaging, additional driving mass adoption of the digital forex. As the specter of quantum computing emerges, the emergence of MicroAlgo Inc.’s QSDLT marks the daybreak of a new period of Bitcoin safety. The essential ideas and key options of QSDLT current a blueprint for the way forward for digital finance, an innovation that may open up extra potentialities for the digital financial system, be sure that Bitcoin and different cryptocurrency methods stay safe and reliable within the quantum period, and cleared the path for a vibrant way forward for digital finance. the way forward for digital finance.
About MicroAlgo Inc.
MicroAlgo Inc. (the “MicroAlgo”), a Cayman Islands exempted firm, is devoted to the event and utility of bespoke central processing algorithms. MicroAlgo offers complete options to clients by integrating central processing algorithms with software program or {hardware}, or each, thereby serving to them to improve the variety of clients, enhance end-user satisfaction, obtain direct value financial savings, cut back energy consumption, and obtain technical objectives. The vary of MicroAlgo’s providers consists of algorithm optimization, accelerating computing energy with out the necessity for {hardware} upgrades, light-weight information processing, and information intelligence providers. MicroAlgo’s capability to effectively ship software program and {hardware} optimization to clients via bespoke central processing algorithms serves as a driving drive for MicroAlgo’s long-term improvement.
Ahead-Trying Statements
This press launch incorporates statements which will represent “forward-looking statements.” Ahead-looking statements are topic to quite a few circumstances, a lot of that are past the management of MicroAlgo, together with these set forth within the Danger Elements part of MicroAlgo’s periodic reviews on Types 10-Okay and 8-Okay filed with the SEC. Copies can be found on the SEC’s web site, www.sec.gov. Phrases reminiscent of “anticipate,” “estimate,” “mission,” “price range,” “forecast,” “anticipate,” “intend,” “plan,” “might,” “will,” “might,” “ought to,” “believes,” “predicts,” “potential,” “proceed,” and related expressions are supposed to establish such forward-looking statements. These forward-looking statements embody, with out limitation, MicroAlgo’s expectations with respect to future efficiency and anticipated monetary impacts of the enterprise transaction.
MicroAlgo undertakes no obligation to replace these statements for revisions or modifications after the date of this launch, besides as could also be required by regulation.
SOURCE Microalgo.INC