CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
The Coin Rise 2025-01-04 19:03:40

Solana Introduces Winternitz Vault Against Quantum Hacking

Solana (SOL) developers have developed an optional quantum-resistant vault dubbed Winternitz Vault. This new solution, introduced in a January 3 GitHub post by cryptography researcher and Zeus Network Chief Scientist Dean Little, is designed to safeguard user funds from future threats posed by quantum computing. The Make-up of The Solana Winternitz Vault Solana’s Winternitz Vault leverages a sophisticated hash-based signature system. This is to ensure security for Solana, which is already known for its fast transaction speeds, low fees, and scalability. Generally, Solana is recognized as a high-performance blockchain platform designed for decentralized applications and cryptocurrency transactions. The solution generates a unique cryptographic key for every transaction to reduce the risk of coordinated attacks from quantum computers. It utilizes Winternitz One-Time Signatures (WOTS). This is totally unlike traditional wallets. Google Willow Raise Hack Concerns A few weeks ago, Google took the world by surprise when it launched Willow, its quantum computing chip. This chip uses 105 qubits to solve computational problems in less than 5 minutes, which would otherwise take 10 to 25 years. Many fear this could jeopardize the security of other systems that use passwords and privacy keys, including Bitcoin (BTC). Also, there are reports that Chinese researchers breached encryption algorithms using quantum computing . A research team at Shanghai University claimed that they used a quantum computer developed by Canada’s D-Wave Systems to penetrate encryption algorithms. According to a South China Morning Post report, they explored a method known as quantum annealing. Quantum Computing is Not Yet a Threat Though concerns are consistently rising about how quantum computing puts cryptocurrencies at risk, experts think that this technology is not yet an immediate threat. Even Ethereum co-founder Vitalik Buterin suggested that the quantum hacking scenario is still a few years away. In the case of Bitcoin, a seed phrase comprises 12 or 24 random words that act as a master key to a wallet. The post Solana Introduces Winternitz Vault Against Quantum Hacking appeared first on TheCoinrise.com .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta