BTQ Technologies (NEO: BTQ) (OTCQX: BTQQF) today introduced a novel approach that has the potential to revolutionize blockchain consensus algorithms. In addition to offering dramatic speedup and energy savings compared to classical hardware computation, the approach offers post-quantum security. The 21-page research paper co-authored by BTQ represents a significant advancement in the field of quantum computing technology and the consensus algorithms used by various blockchains.
“We take great pride in our contribution to this pioneering research paper on Proof-of-Work consensus by quantum sampling,” commented Olivier Roussy Newton, CEO of BTQ, on today’s announcement. “The transformative nature of this innovative approach holds the promise of revolutionizing blockchain consensus algorithms by harnessing the immense power of quantum technology. This remarkable research serves as a testament to our unwavering commitment to providing cutting-edge solutions in the era of post-quantum security.”
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BTQ was founded by a group of post-quantum cryptographers with an interest in addressing the urgent security threat posed by large-scale universal quantum computers. With the support of leading research institutes and universities, BTQ is combining software and hardware to safeguard critical networks using unique post-quantum services and solutions. For more information, visit the company’s website at www.BTQ.com.
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