QuFi launches post-quantum verification platform with Bitcoin testnet proof

QuFi’s new platform uses post-quantum cryptography to verify digital asset transactions without requiring changes to existing blockchain settlement networks.

The top 3

1. Top 3 NIST Recommended PQC Algorithms: NIST finalized three PQC standards in August 2024: ML-KEM (for key exchange), and ML-DSA and SLH-DSA (for digital signatures), representing lattice-based and hash-based approaches respectively.
2. Top 3 Quantum Computing Threats to Cryptography: Shor's algorithm can efficiently factor large numbers, threatening RSA and ECC, while Grover's algorithm speeds up unstructured searches, posing a risk to hash functions and symmetric encryption. The 'Harvest Now, Decrypt Later' threat involves adversaries collecting encrypted data today for future quantum decryption.
3. Key Milestones in PQC Development: The history of PQC began with Richard Feynman's quantum computing ideas in the 1980s and Peter Shor's algorithm in 1994, followed by Daniel J. Bernstein coining 'Post-quantum cryptography' in 2003 and the first PQCrypto workshop in 2006. NIST launched its standardization process in 2016, culminating in the first PQC standards in August 2024.

Sources

• Cointelegraph

Open the full topic