MicroAlgo Inc. (MLGO), a leading entity in the crypto sphere, has introduced the Quantum Shield Distributed Ledger Technology (QSDLT), aiming to establish a more resilient foundation for Bitcoin and other cryptocurrencies.
In conventional blockchain systems, security heavily relies on cryptographic algorithms based on public key cyphers. The advent of quantum computers poses a significant threat to this security paradigm, as they can solve problems, including breaking widely used cryptographic algorithms like RSA and elliptic curve encryption, in a timeframe unattainable by current conventional computers.
In response to this emerging threat, MicroAlgo Inc. developed QSDLT as an innovative solution, designed not merely as an upgrade to traditional blockchain systems but as a revolutionary change to the entire cryptocurrency ecosystem. QSDLT integrates quantum security to build a robust shield for the Bitcoin system.
Key Features of MicroAlgo Inc.’s QSDLT:
Anti-Quantum Algorithm Defence Mechanism: QSDLT incorporates a robust defence mechanism against potential quantum computer attacks, employing cryptographic algorithms that are more resilient to quantum threats. This ensures the security and tamper-proof nature of Bitcoin transactions.
Invariance and Transparency: Focusing on maintaining blockchain invariance, QSDLT ensures that once a transaction is confirmed and added to the blockchain, it remains unalterable. This contributes to the fundamental trustworthiness of the Bitcoin system. Additionally, QSDLT promotes transparency through the decentralized nature of the blockchain, enhancing traceability and openness.
Post-Quantum Distributed Ledger Technology (PQDLT): Beyond anti-quantum algorithm defence, QSDLT positions itself within a broader technological context as PQDLT. This convergence includes innovations in machine learning, deep learning, 6G, and the quantum internet, laying the groundwork for the future of the digital economy.
Cost Reduction: QSDLT effectively reduces the cost of Bitcoin transactions through optimized algorithms and technologies, making the network more accessible and lowering barriers to participation for a broader user base.
High Scalability: QSDLT is designed with high scalability in mind, adapting to the growing user base of the Bitcoin network and meeting the evolving demands of digital finance. This scalability is a critical factor in establishing QSDLT as a trusted infrastructure.
MicroAlgo Inc.’s QSDLT represents not just an upgrade but a proactive response to the emerging threat of quantum computing. With its advanced features and key principles, QSDLT creates a robust and flexible security framework, ensuring the security and trustworthiness of Bitcoin and other cryptocurrency systems in the quantum era. As the crypto landscape faces the challenges of quantum computing, MicroAlgo Inc.’s QSDLT emerges as a beacon for the future of digital finance, promising enhanced security and opening new possibilities for the digital economy.
