Most of the existing digital infrastructures and blockchain platforms that we know today use elliptic-curve approach (ECC) to the public-key cryptography that serves as the backbone for the security protocols and is a subject to the quantum computing threat, lately also referred to as quantum dominance.
Difference From Competitors
Quantum technology ecosystem consists of three main components: Blockchain, QTM digital token and consensus mechanism. Quantum is among first blockchain platforms that offer quantum-resistant signatures both in its consensus mechanics and tokens structure.
Unlike most of the other existing blockchain platforms that use encryption method, known as extended Merkle signature scheme (XMSS). Proactive position on maintaining the highest level of security is among QHF team’s fundamental principles, and as evidenced by the non-standard decision to conduct two independent digital security audits. A globally integrated network of nodes around the world will ensure the efficiency of transactions within the network, paired up with the consensus mechanism of the Quantum Blockchain platform it will allow achieving the transactions volume enough maintain the Quantum payment platform at a competitive level. The partial confirmation approach will allow transactions to reach their destination without requiring all nodes in the network to sign it. The random combination generator and transparent network management will provide intelligent group block planning independent of inefficient algorithms.
Quantum Blockchain platform is capable of providing the high level of performance for the transactions to be done on a large scale, as well as providing the high-speed transactions processing speed required by the global economy and which has become the norm of today.
Quantum Blockchain platform uses a denominated coin structure and divides payments into separate streams that can segregate with other coins, ensuring high security and confidentiality of the entire digital exchange system. The platform uses distinctive cryptography, resistant to the attacks performed even with the use of quantum computing power, thereby avoiding the fundamental security weaknesses of modern cryptographic tools. Also, financial transactions with QTM tokens can be efficiently carried out without metadata leakage.
A detailed description of Quantum Blockchain platform will be published in a technical document to be finalized and released by the Quantum development team in Q4 2020. Mobile application for the iOS and Android platforms will become available in Q4 2020 and will allow the first users to interact with the ecosystem and test the functionality of Quantum Blockchain platform.