BEIJING, December 27, 2023 /PRNewswire/ -- MicroAlgo Inc. (NASDAQ: MLGO) (the "Company" or "MicroAlgo"), today announced quantum shield distributed ledger technology (QSDLT), designed to provide a more robust and secure foundation for bitcoin and another cryptocurrency systems.
In traditional blockchain systems, security relies heavily on cryptographic algorithms based on public key ciphers. However, the emergence of quantum computers threatens this system. Quantum computers can solve problems in a relatively short period of time that current conventional computers cannot handle, including some widely used cryptographic algorithms.
Specifically, the emergence of quantum computers could crack current systems based on RSA and elliptic curve encryption algorithms. This means that quantum computers could easily access private keys and transaction data, jeopardizing the security of the entire blockchain system. To counter this threat, QSDLT research and development has become particularly urgent.
to protect the bitcoin To protect your system from the threat of quantum computers, QSDLT from MicroAlgo Inc. was created as an innovative solution. The goal of QSDLT is to build a strong shield for the bitcoin system integrating quantum security, which is not just a simple upgrade to the traditional blockchain system, but a revolutionary change in everything cryptocurrency ecosystem.
MicroAlgo Inc.'s QSDLT employs a number of advanced cryptographic algorithms, particularly those that combat quantum algorithms, to ensure that bitcoin Transactions and user identities are fully protected. Its primary goal is to provide a security framework that is resilient to quantum computing threats, incorporating quantum security into DLT to provide stronger protection for bitcoin and another CRYPTOCURRENCIES. Its design principles include countering quantum algorithm attacks, achieving invariance, reducing transaction costs, enabling decentralization, and increasing transparency. The introduction of this technology marks the next stage in the evolution of the bitcoin system.
Defense mechanism against quantum algorithms: One of the central aspects of MicroAlgo Inc.'s QSDLT is its robust defense mechanism against quantum algorithms. Cryptographic algorithms used in traditional blockchain systems, such as RSA and elliptic curve encryption algorithms, may be threatened by quantum computing attacks in the future. To address this challenge, QSDLT employs well-thought-out cryptographic algorithms that are more resistant to quantum computing attacks. This ensures that QSDLT will be able to maintain bitcoin secure and tamper-proof transactions in light of the rise of quantum computers.
Invariance and Transparency: QSDLT focuses on maintaining blockchain invariance, meaning that once a transaction is confirmed and added to the blockchain, it cannot be altered. This is one of the fundamental characteristics of the blockchain and is essential to guarantee the reliability of the bitcoin system. Meanwhile, MicroAlgo Inc.'s QSDLT promotes transparency through decentralized nature of the blockchain. Each participant can view and verify transaction history, thus improving overall traceability and openness.
Post-Quantum Distributed Ledger Technology (PQDLT): MicroAlgo Inc.'s QSDLT technology is not only focused on defending anti-quantum algorithms, but also placed in a broader technological context to form PQDLT. This denotes the convergence of QSDLT with innovations in the fields of machine learning, deep learning, 6G and quantum internet, laying the foundation for the future of the digital economy. The PQDLT concept aims to achieve comprehensive security for the bitcoin and facilitate the development of a digital financial system.
Reduced costs: QSDLT effectively reduces the cost of bitcoin transactions using carefully optimized algorithms and technologies. This feature not only makes the bitcoin more accessible network, but also provides a lower barrier to participation in bitcoin transactions for a broader group of users. Reducing the cost will help facilitate mass adoption of bitcoin and drive broader adoption in the digital currency space.
Highly Scalable: MicroAlgo Inc.'s QSDLT is highly scalable with future growth needs in mind in its basic concept. This allows QSDLT to adapt to the increasing size of the bitcoin network user base and be flexible enough to meet the growing demands of digital finance. High scalability is one of the key factors that make QSDLT a reliable infrastructure.
MicroAlgo Inc.'s QSDLT is more than just an upgrade to the traditional blockchain. This is an update to combat the threat of quantum computing. Its key features, including anti-quantum algorithmic defense mechanisms, invariance and transparency, cost reduction, PQDLT, and high scalability, combine to create a robust and flexible security framework.
QSDLT from MicroAlgo Inc. provides the bitcoin system with a strong defense against quantum algorithms with its strong anti-quantum algorithmic capabilities, making transactions secure and tamper-proof. At the same time, QSDLT maintains the basic principles of blockchain, improving overall reliability through invariance and transparency. Reduced transaction costs make bitcoin The network is more attractive, further driving mass adoption of the digital currency. As the threat of quantum computing emerges, the emergence of QSDLT from MicroAlgo Inc. ushers in a new era of bitcoin security. The core concepts and key features of QSDLT present a blueprint for the future of digital finance, an innovation that will open up more possibilities for the digital economy, ensure that bitcoin and another cryptocurrency The systems remain secure and reliable in the quantum era and lead the way to a vibrant future of digital finance. The future of digital finance.
About MicroAlgo Inc.
MicroAlgo Inc. (the "MicroAlgo"), a Cayman Islands exempt company, is engaged in the development and application of custom core processing algorithms. MicroAlgo provides end-to-end solutions to customers by integrating core processing algorithms with software or hardware, or both, thereby helping them increase customer numbers, improve end-user satisfaction, achieve direct cost savings, reduce energy consumption and achieve technical objectives. MicroAlgo's range of services includes algorithm optimization, acceleration of computing power without the need for hardware upgrades, lightweight data processing and data intelligence services. MicroAlgo's ability to efficiently deliver software and hardware optimization to customers through custom core processing algorithms serves as a driving force for MicroAlgo's long-term development.
Forward-looking statements
This press release contains statements that may constitute "forward-looking statements." Forward-looking statements are subject to numerous conditions, many of which are beyond MicroAlgo's control, including those set forth in the Risk Factors section of MicroAlgo's periodic reports on Forms 10-K and 8-K filed with the SEC. Copies are available on the SEC website, www.sec.gov. Words like "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "could," "could," "should," "believe." , "predicts", "potential", "continue" and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, but are not limited to, MicroAlgo's expectations regarding future performance and the anticipated financial impacts of the business transaction.
MicroAlgo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
SOURCE Microalgo.INC
:max_bytes(150000):strip_icc()/GettyImages-1863293750-82360a80c461488ab517dfe794fa100d.jpg?w=75&resize=75,75&ssl=1 "5 Things to Know Before The Stock Market Opens")
