Tuesday, 02 January 2024 12:17 GMT

01 Quantum Inc.


(MENAFN- Baystreet) 09:37 AM EST - 01 Quantum Inc.: Announced the filing of a U.S. patent application for its Quantum DeFi Wrapper (QDW) technology. This innovation is designed to safeguard decentralized finance (DeFi) operations against the potential cybersecurity threat posed by the advent of quantum computers. DeFi underpins nearly all operational aspects of the digital asset ecosystem, from lending and borrowing to trading and staking, across major Layer 1 blockchains such as Bitcoin, Ethereum, Solana, and Hyperliquid. QDW enables these activities to remain secure in a post-quantum world without requiring changes to the existing blockchain infrastructure. In addition, QDW extends protection to custodian wallets, ensuring that underlying tokens are shielded from quantum-based vulnerabilities. At the core of QDW is a Post-Quantum Cryptography (PQC) binding mechanism integrated into smart contracts. Acting as a "quantum circuit breaker," the system halts operations if PQC authentication requirements are not met, thereby preventing unauthorized access through quantum-enabled key extraction. 01 Quantum Inc. shares V are trading down 4 cents at $0.54.

Full Press Release:

MENAFN02122025000212011056ID1110425934



Baystreet.ca

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search