Pioneer Peter Kazacos making cryptocurrency safer with quantum technology

·

KAZ founder Peter Kazacos is using quantum security technology to upgrade the cryptography of Bitcoin. 

Cryptocurrencies like Bitcoin rely on cryptography to ensure security and trust and prevent breaches. 

Kazacos says advances in technology present new risks for the cryptography of this new currency. 

“…particularly with the advent of quantum computing, which could break current implementations of cryptography,” he said. 

KAZ’s solution “uses quantum technology to upgrade the cryptography of existing protocols like Bitcoin and Ethereum,” Kazacos says.

KAZ proposes using quantum technology to protect against the threat of quantum computers.

“We are solving this [threat] by using real quantum phenomena, quantum tunneling of electrons which are totally unpredictable and entirely random to produce quantum cryptographic keys,” he said.

“If something is truly random it follows that it cannot be reverse-engineered and is theoretically impossible to breach.”

Cue the first crypto to use quantum tech: Quantum Assets Token. 

“Quantum Assets on the Binance Smart Chain are the first crypto to adopt KAZ’s quantum technology and are using it to launch Quantum Bitcoin in a bid to ensure the cryptography of Bitcoin remains safe and secure.” 

Quantum Digital Assets Limited is the corporation behind the recent launch of the Quantum Assets token on the Binance Smart Chain. 

Quantum Assets is levering KAZ’s core platform quantum technology to launch Quantum BTC and Quantum ETH each on their own Quantum Mainnets, with more protocols to follow in the future. 

“We are proud to be leveraging and deploying KAZ’s quantum technology security solution to bring the world Quantum Bitcoin,” a Quantum Assets spokesperson said. 

Source: PR Wire 

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Historic ties remembered as Greece’s Evzones march in Adelaide’s ANZAC Day parade

During a Dawn Service at West Torrens on Friday, April 25, the Evzones stood guard alongside Australian army battalion in remembrance.

Greek glamour meets Aussie pop: Inside the colourful universe of Stavroula Adameitis

Adelaide-born designer Stavroula Adameitis is a creator of bespoke pieces that she describes as ‘wearable art.’

Melbourne seminar to focus on the odyssey of Michel ‘Pablo’ Raptis

Michel Pablo was a twentieth century revolutionary whose life and ideas remain relevant and inspirational until today.

Lawyer Greg Masselos warns NSW workers’ comp changes could devastate frontline workers

Greg Masselos has warned that proposed changes by the NSW government to raise the threshold for claims could have devastating consequences.

Niki Louca shares how to make Focaccia Bread

Niki Louca from My Greek Kitchen shares her favourite recipe for pita bread with The Greek Herald. You can follow her on Instagram.

You May Also Like

Greater flexibility for Citizenship Ceremonies for 2023

The Australian Government has announced changes to the Australian Citizenship Ceremonies, including greater flexibility.

Victorian Opposition Leader Matthew Guy has pledged $40,000 annually for Battle of Crete events

The official launch of the «CRETE IN 1821» exhibition was held yesterday at the Victorian Parliament House.

Teen cricket sensation Sam Konstas picked for first senior overseas Test in Sri Lanka

Sam Konstas, Australia’s 19-year-old batting prodigy, has retained his spot in the Test squad for the upcoming tour of Sri Lanka.