(MarketsBusinessInsider) HashCash Consultants has moved into the quantum space with the promise to provide enhanced and unbreakable private key security. The company is working to fortify its Blockchain Network HC Net, with quantum encryption.
Sharing the company’s plans with media, Raj Chowdhury, CEO of HashCash Consultants said “Quantum encryption holds the key to the next generation of online security. We are looking at a future where cyber-attacks will be least of our worries. It is an exciting time for the tech community as we harness the powers of quantum mechanics.”
HashCash uses QKD or Quantum Key Distribution as a subset of quantum cryptography to enhance private key security. It is being used to create private keys to send encrypted messages from one location to another. Because of complexities and multiple probabilities in quantum mechanics, the hackers cannot secretly copy the key. It requires extensive computation and breaking the laws of quantum physics to decode the key, making the process of encryption unbreakable. This ultimately provides the users with the safest passage to communicate and conduct transactions with one another through HC Net.

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