World's Most Advanced Quantum Computer
QRL is a Python-based blockchain ledger utilising hash-based one-time merkle tree signature scheme (XMSS) instead of ECDSA.
Proof-of-stake block selection via HMAC_DRBG PRF and a signed iterative hash chain reveal scheme. It was designed to resist potential quantum computer hacks.
The news that disturbed my digital life came two years ago in a snail mail letter strewn with phrases like “malicious cyber intrusion” and “identity theft.” A relative’s company had been part of a massive hack, the note said, leaving my information exposed.
Before the letter came, I was a cyber security neophyte: I didn’t use a VPN and encrypted websites were just for banking. I often shopped online, depositing my credit card number over coffee shop wifi.
Since then, I’ve gotten better. My Android is filled with WhatsApp and Signal—which use end-to-end encryption—and my finance apps encrypt my data with both hardware and software.
With things outside of my control, like my now-compromised social security number, I reassure myself that big organizations use encryption to house sensitive data, so my social must be unreadable to hackers.
But it turns out that all this encryption might not matter. Internet users like me have long relied on encryption for security and peace of mind, but cryptography experts are becoming aware of its faults—namely, that encryption can only protect against the tools we have now, and better, smarter tools are on the horizon.
Quantum computers, which are fundamentally different from traditional computers because they leverage quantum mechanics to do calculations, could easily decrypt the advanced encryption we use widely. So even if encrypted data is safe from today’s hackers, it’s potentially vulnerable to hackers of the future.
Experts are concerned that cybercriminals might exploit this vulnerability with a scheme called harvest and decrypt. It’s a long-game attack where hackers scrape encrypted data and hold it, sometimes for decades, while they wait for quantum computers to become widespread enough for them to buy one.
As soon as they have access to the device, they’ll use it to decrypt the stored data, which could contain anything from social security numbers to health information to a slew of nuclear missile codes.
Source: wired.com