The company BTQ Technologies announced on August 5 an alliance with the QBITS firm with the aim of developing a Safe custody solution against possible quantum attacks to digital assets such as Bitcoin (BTC), Ethher (ETH) and others.
The announcement describes an initiative oriented to the design of a Institutional protection system that is resistant to the advances of quantum computing, especially in relation to the potential vulnerability of the cryptographic keys used in current networks.
Technical development is based on the Quantum Canary network, a public test network (testnet) Built specifically to experiment with post-chanting security systems.
That network acts as simulation and validation environment For architectures that intend to anticipate the scenarios in which quantum computers may break the cryptographic algorithms today considered safe, such as ECDSA (Elliptical curve digital signature algorithm) in Bitcoin.
An experimental stage design and focused on institutions
The joint initiative seeks to integrate CASH technology.
This architecture, as provided in the statement issued by the companies, would allow perform up to one million post-chaptographic operations per second With low energy consumption, which could be suitable for large -scale custody solutions.
Although the system is still under development, the drivers claim that it will incorporate ML-DSA algorithms, selected by the National Institute of US standards and technology.
Both protocols are being evaluated as possible standards for quantum computing environments.
If specified, the proposal would allow to store and protect institutional cryptocurrency purses with an additional security layer against possible future attacks. This could have special relevance for funds, custodians or platforms that manage large volumes of private keys.
Quantum validation and roadmap tests at 2025
The public road map includes two central milestones. On the one hand, during the third quarter of 2025, integration tests in the QPOW Canary test (quantum work test) are foreseen, that is, a adaptation of the work test mechanism used in the bitcoin protocol, But designed to take advantage of the principles of quantum computing in its operation, although it is still in development.
Unlike the traditional work test schemes (POW), which require large amounts of energy to ensure the network and validate blocks, QPOW promises a more energy efficient consensus mechanismaccording to the official BTQ Technologies website.
In the Pow the miners solve a mathematical problem, through hash functions, which consumes a lot of energy to propose new blocks. These blocks are then verified by the nodes of the network, which agree on the correct state of the block chain in a process called consensus distributed.
In contrast, the QPOW system would replace that approach with a method known as bosons sampling, a quantum technique that would use less energy than classic computers when solving a similar problem.
As explained by BTQ, this could benefit networks by reducing energy consumption, although they also warn that consumption is a multifactorial problem.
On the other hand, towards the fourth quarter of this year a proof of concept is expected for the aggregation of Falcon firms, a cryptographic technique that promises to group multiple digital firms efficiently, currently evaluated as one of the candidates within the post-quantic cryptility in the project of both companies.
However, the two targets pointed are framed in a Theoretical-experimental approach.
Although the project is still far from a practical implementation or mass use, the proposal shows a growing interest in cryptocurrency ecosystem actors in developing custody standards that can be maintained robust in front of an eventual quantum attack.