BEIJING, Dec. 27,
2023 /PRNewswire/ -- MicroAlgo Inc. (NASDAQ: MLGO)
(the "Company" or "MicroAlgo"), today announced the quantum shield
distributed ledger technology (QSDLT), designed to provide a
stronger, more secure foundation for Bitcoin and other
cryptocurrency systems.
In traditional blockchain systems, security relies heavily on
cryptographic algorithms based on public key cyphers. However, the
emergence of quantum computers threatens this system. Quantum
computers can solve problems in a relatively short period of time
that current conventional computers cannot handle, including some
widely used cryptographic algorithms.
Specifically, the emergence of quantum computers could crack
current systems based on RSA and elliptic curve encryption
algorithms. This means that private keys and transaction data could
be easily accessed by quantum computers, jeopardizing the security
of the entire blockchain system. To counter this threat, the
research and development of QSDLT have become particularly
urgent.
To protect the Bitcoin system from the threat of
quantum computers, MicroAlgo Inc.'s QSDLT was created as an
innovative solution. The goal of QSDLT is to build a strong shield
for the Bitcoin system by integrating quantum
security, which is not just a simple upgrade to the traditional
blockchain system, but a revolutionary change to the entire
cryptocurrency ecosystem.
MicroAlgo Inc.'s QSDLT employs a series of advanced
cryptographic algorithms, particularly those that combat quantum
algorithms, to ensure that Bitcoin transactions and
user identities are fully protected. Its core is to provide a
security framework that is resistant to quantum computing threats,
incorporating quantum security into DLT to provide stronger
protection for Bitcoin and other
cryptocurrencies. Its design principles include
countering attacks from quantum algorithms, achieving invariance,
reducing transaction costs, enabling decentralization and
increasing transparency. The introduction of this technology marks
the next stage in the evolution of the Bitcoin
system.
Anti-quantum algorithm defence mechanism: One of the core
aspects of MicroAlgo Inc.'s QSDLT is its robust anti-quantum
algorithm defence mechanism. Cryptographic algorithms used in
traditional blockchain systems, such as RSA and elliptic curve
encryption algorithms, may be threatened by quantum computer
attacks in the future. To address this challenge, QSDLT employs
well-thought-out cryptographic algorithms that are more resilient
to quantum computer attacks. This ensures that QSDLT will be able
to keep Bitcoin transactions secure and tamper-proof
in the face of the rise of quantum computers.
Invariance and transparency: QSDLT focuses on maintaining the
invariance of the blockchain, meaning that once a transaction is
confirmed and added to the blockchain, it cannot be tampered with.
This is one of the fundamental characteristics of the blockchain
and is critical to ensuring the trustworthiness of the
Bitcoin system. Meanwhile, MicroAlgo Inc.'s QSDLT
promotes transparency through the decentralized nature
of the blockchain. Every participant is able to view and verify the
history of transactions, thus enhancing overall traceability and
openness.
Post-quantum distributed ledger technology (PQDLT): MicroAlgo
Inc.'s QSDLT technology focuses not only on anti-quantum algorithm
defense, but also places itself in a broader technological context
to form PQDLT. this denotes the convergence of QSDLT with
innovations in the fields of machine learning, deep learning, 6G,
and the quantum internet, laying the groundwork for the future of
the digital economy. The concept of PQDLT aims to achieve
comprehensive security for the Bitcoin system and to
facilitate the development of a digital financial system.
Reduced costs: QSDLT effectively reduces the cost of
Bitcoin transactions by employing carefully optimized
algorithms and technologies. This feature not only makes the
Bitcoin network more accessible, but also provides a
lower barrier to participation in Bitcoin transactions
for a broader group of users. Lowering the cost will help
facilitate mass adoption of Bitcoin and drive broader
adoption in the digital currency space.
Highly scalable: MicroAlgo Inc.'s QSDLT is highly scalable with
future growth needs in mind in its basic concept. This allows QSDLT
to adapt to the increasing size of the Bitcoin
network's user base and to be flexible enough to meet the growing
demands of digital finance. High scalability is one of the key
factors that make QSDLT a trusted infrastructure.
MicroAlgo Inc.'s QSDLT is more than a simple upgrade to the
traditional blockchain. It is an update to combat the threat of
quantum computing. Its key features, including anti-quantum
algorithmic defence mechanisms, invariance and transparency, cost
reduction, PQDLT, and high scalability, combine to create a robust
and flexible security framework.
MicroAlgo Inc.'s QSDLT provides the Bitcoin system
with a robust defence against quantum algorithms with its strong
anti-quantum algorithmic capabilities, making transactions secure
and tamper-proof. At the same time, QSDLT maintains the basic
principles of the blockchain, enhancing overall trustworthiness
through invariance and transparency. Reduced transaction costs make
the Bitcoin network more attractive, further driving
mass adoption of the digital currency. As the threat of quantum
computing emerges, the emergence of MicroAlgo Inc.'s QSDLT marks
the dawn of a new era of Bitcoin security. The basic
concepts and key features of QSDLT present a blueprint for the
future of digital finance, an innovation that will open up more
possibilities for the digital economy, ensure that
Bitcoin and other cryptocurrency systems
remain secure and trustworthy in the quantum era, and lead the way
for a vibrant future of digital finance. the future of digital
finance.
About MicroAlgo Inc.
MicroAlgo Inc. (the "MicroAlgo"), a Cayman
Islands exempted company, is dedicated to the development and
application of bespoke central processing algorithms. MicroAlgo
provides comprehensive solutions to customers by integrating
central processing algorithms with software or hardware, or both,
thereby helping them to increase the number of customers, improve
end-user satisfaction, achieve direct cost savings, reduce power
consumption, and achieve technical goals. The range of
MicroAlgo's services includes algorithm optimization,
accelerating computing power without the need for hardware
upgrades, lightweight data processing, and data intelligence
services. MicroAlgo's ability to efficiently deliver software and
hardware optimization to customers through bespoke central
processing algorithms serves as a driving force for MicroAlgo's
long-term development.
Forward-Looking Statements
This press release contains statements that may constitute
"forward-looking statements." Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of MicroAlgo, including those set forth in the Risk Factors
section of MicroAlgo's periodic reports on
Forms 10-K and 8-K filed with the SEC. Copies are
available on the SEC's website, www.sec.gov. Words such as
"expect," "estimate," "project," "budget," "forecast,"
"anticipate," "intend," "plan," "may," "will," "could," "should,"
"believes," "predicts," "potential," "continue," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, MicroAlgo's expectations with respect to future
performance and anticipated financial impacts of the business
transaction.
MicroAlgo undertakes no obligation to update these statements
for revisions or changes after the date of this release, except as
may be required by law.
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SOURCE Microalgo.INC