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

Alexia Apostolakis joins Matildas as train-on player

Melbourne City defender, Alexia Apostolakis, has been called into the Matildas squad as a train-on player ahead of the upcoming friendlies.

Rugby chief Peter V’landys addresses speculation about his future

Peter V’landys, chairman of the Australian Rugby League Commission and CEO of Racing NSW, has addressed speculation about his future.

Olympiacos President to face trial over death of policeman in fan violence incident

Vangelis Marinakis, the president of Olympiacos FC, has been ordered to stand trial in Greece, accused of inciting sports-related violence.

IHO NYX brings Greek Rock to centre stage in Sydney this weekend

As Sunday, April 6 approaches, all eyes are on IHO NYX, the band ready to electrify Sydney with a concert dedicated entirely to Greek Rock.

Party for a purpose: Support the Pontian House at the Winter Wonderland Gala 2025

The Pontian Association of NSW Pontoxeniteas will host its highly anticipated Winter Wonderland Gala 2025 on Saturday, May 31, at 6.30 PM.

You May Also Like

‘It fills the void’: Attorney-General and Immigration Minister discuss Religious Discrimination Bill

Attorney-General, Michaelia Cash, and Immigration Minister, Alex Hawke MP, discuss the Religious Discrimination Bill.

Maria Sakkari becomes first Greek woman to advance to WTA finals

Maria Sakkari is the first Greek woman to quality for the WTA Finals after she advanced past Anna Kalinskaya in the round of 16.

Inaugural forum to discuss ‘Metapolitefsi’ and its impact on Greek Australians

Greeks, Australians and those anywhere in-between are invited to explore the definition, limits, impact and the influence of Metapolitefsi.