Q&A: Why do we need a Quantum secured Blockchain.
18 Jul 2022, 09:52
Q&A: Why do we need a Quantum secured Blockchain?
Ø The emergence of Quantum computing poses a threat to the cryptography and hashing processes, which are intensely used by blockchains.
Ø An estimate from NIST, suggests that quantum computers powerful enough to break the current 2048-bit RSA standard might be available by 2030
Ø All the current blockchain solutions use Pseudo-Random Numbers (PRN) for their encryption processes. PRNs are generated by an algorithm that is not truly random, but deterministic and predictable.
Ø AME Chain uses a laser-based quantum source to generate the randomness for its cryptography, hashing, and digital signatures.
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