Revolutionary Quantum-Safe Blockchain

Cryptocurrencies like Bitcoin and others are developed on blockchain technologies.  Though advanced and sophisticated, the arrival of quantum computers are posing a serious threat to the security of blockchains.  The only solution is to transition to quantum-safe blockchains utilizing post-quantum cryptography.

What is a quantum-safe blockchain?  Well let’s run through the basics first.  A blockchain is a database that is shared among the nodes of a computer network and stores data electronically. The jewel crown of this innovative blockchain technology is that it ensures the fidelity and security of a record of data which does not require a trusted third party.

Now that we know what blockchain truly means and how secure it is, we must also know that blockchain end points are vulnerable to quantum hacking. CISOs today and even blockchain experts are well aware of the fast-approaching quantum threats. The official Bitcoin website states that Bitcoin is vulnerable to quantum hacking just as most systems relying on cryptography in general are, including traditional banking systems. Some of the most recent hacks include $300M and $650M losses in cryptocurrencies that resulted from digital signature failures.

Besides cryptocurrency trading, the blockchain is a revolutionary technology that has many use cases. The blockchain is changing the face of businesses and governments today. It can be used for asset traceability, supply chain, trade payments, global payments, banking systems, voting and even digital identity. Using this very technology, new business models are evolving and disrupting the existing ones.

Just like all things on the internet, the blockchain requires security against quantum hacking. This is where IronCAP’s™ unique technology comes to use. We are developing the world's first Quantum-Safe Blockchain designed for Tokens, NFTs, Smart Contracts for Metaverse, De-centralized Finance (DeFi) and more. This best-in-class quantum-safe blockchain can protect against cyber adversaries, including future quantum attacks.  A revolutionary, state-of-the-art, quantum-safe blockchain has endless applications and use cases for every business.
Want to know more? Read full details in our press release: (link to press release).

References:
Investopedia - Blockchain
Bitcoin FAQ
Coindesk
TechRepublic

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Take Control of Your Data

Trust IronCAP X™ to provide a bulletproof shield for your data. IronCAP X™ is the world's first quantum-safe, end-to-end email encryption and digital signature product. We aim to eliminate phishing. Our end-to-end encryption eliminates the intermediary server aka MITM (Man In The Middle) and our digital signature feature authenticates a legitimate sender from a malicious one. IronCAP X™ utilizes our patent-pendng IronCAP™ Engine as the underlying cryptographic mechanism to ensure safety against cyber attacks from not only the conventional world of computers today but also against future attacks from quantum computers.

Checkout more:  https://www.ironcap.ca/ironcap-x/

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How secure is the IronCAP X™ private key?

The IronCAP X™ private key is quantum-safe. This means it is not only safe against attacks from classical computers but also against attacks from future quantum computers. Its underlying cryptographic technology is IronCAP Crypto (ICC) which is a derivative of code-based cryptography. Code-based cryptography is considered as the safest quantum-safe encryption technology by many experts in the world.

Does your IronCAP X™ server store a copy of my private key?

No copy of your private key is stored in our IronCAP X™ server.