The original post: /r/cryptocurrency by /u/Slow-Information4751 on 2024-12-10 07:36:42.
Current cryptographic protocols in blockchain, for example like RSA and elliptic curve cryptography, render to attacks by quantum computers, where efficient algorithms like Shor’s can break these systems in seconds. As these developments in quantum computing continue the vulnerabilities will directly compromise the security of blockchain technologies, which require underlying cryptographic security. NCOG is working on a post-quantum blockchain for the solution of the quantum computing problem.
The problem is however key categories like the digital signature scheme and hash function are currently suffering threats from quantum computers. As quantum computers advance post-quantum cryptography (PQC) is about determining new cryptographic algorithms that are quantum attacks resistant to assure the security of blockchain networks. This is the work that is needed to keep trust in blockchain to make it stick around.
Post Quantum blockchain has the potential to put NCOG on the leading edge of next-generation blockchain technology and a low it to be an innovator and participant with academic institutions and industry leaders in developing quantum-resistant solutions. A post-quantum blockchain could also develop to help secure the nation and the world in that sensitive data, and transactions, as quantum computers are ascending in ability.
NCOG’s post-quantum blockchain work is an advanced reaction to shield blockchain technology against the threats of the future of quantum computing thereby preserving its reliability and trustworthiness for ongoing use in critical sectors. The primary mission of NCOG is to develop and maintain a secure, efficient, and sustainable blockchain platform that significantly reduces its carbon footprint. It aims to set new standards in the blockchain industry by incorporating renewable energy and fostering community engagement. With advanced offerings like the NCOG Browser, hardware wallet, decentralized AI, and a blockchain-based carbon credit registry, NCOG sets a new standard in eco-friendly blockchain technology.