New quantum security technology by Kaz used to upgrade cryptography used by cryptos such as Bitcoin & Ethereum
(EIN.News) Australia’s Peter Kazacos OAM of KAZ is using quantum security technology to upgrade the cryptography used by crypto assets such as Bitcoin.
KAZ is fighting fire with fire by using quantum technology to protect against quantum computers. Peter Kazacos OAM explained “Technology is powerful and ever evolving. At KAZ we know how to solve problems with technology. We identified a major problem with the cryptography of Bitcoin and a security threat for current investors. We are solving this by using real quantum phenomena, quantum tunneling of electrons which are totally unpredictable and entirely random to produce quantum cryptographic keys. If something is truly random it follows that it cannot be reverse engineered and is theoretically impossible to breach.”
According to Kazacos OAM, “Advances in technology are the biggest risk for Bitcoin, particularly with the advent of quantum computing, which could break current implementations of cryptography. The KAZ solution we’re bringing to Quantum Digital Assets is an industry-first, it uses quantum technology to upgrade the cryptography of existing protocols like Bitcoin and Ethereum.”
Cue the first crypto to use quantum technology. Quantum Assets Token. Kazacos OAM explained, “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.