SEALSQ Quantum-Resistant Technology Tackles Potential Bitcoin’s Quantum Vulnerabilities
23 Diciembre 2024 - 7:30AM
SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or
"Company"), a company that focuses on developing and selling
Semiconductors, PKI, and Post-Quantum technology hardware and
software products, today announced that it is at the forefront of
developing innovative solutions to address the challenges posed by
quantum computing. Through its QUASARS project, SEALSQ is advancing
the field of Post-Quantum Cryptography (PQC) by creating hybrid
solutions and quantum-resistant hardware designed to secure
critical systems such as the Internet of Things (IoT) and
blockchain networks.
Quantum Computing Risks to
BitcoinAs quantum computing evolves, its potential to
disrupt blockchain-based systems like Bitcoin is becoming more
evident. Bitcoin’s security relies on cryptographic principles that
could be compromised by sufficiently powerful quantum
computers.
Key vulnerabilities
include:
- p2pk and Reused p2pkh Addresses:
These expose public keys, allowing quantum computers to derive
private keys and steal funds.
- Unspendable Bitcoins: Many Bitcoins
in vulnerable addresses are inaccessible because their private keys
have been lost. Without action, these coins remain at risk once
quantum computers achieve sufficient computational power.
Mitigating Bitcoin’s Quantum
VulnerabilitiesTo safeguard Bitcoin against quantum
threats, the community can take several actions:
- Transfer Funds to New p2pkh
Addresses: Bitcoins in unused p2pkh addresses remain quantum-safe
because their public keys are not exposed. Transferring funds to
such addresses can prevent immediate risks.
- Consensus-Driven Ultimatums: A
potential solution is for the Bitcoin community to establish an
ultimatum requiring funds to be moved to safe addresses. After a
set period, coins in unsafe addresses could become unusable. This
measure, while effective, requires broad consensus and careful
implementation to avoid unintended consequences.
Long-Term Resilience of
BitcoinEven if all vulnerable Bitcoins are secured,
blockchain systems remain at risk during transactions:
- Public keys are revealed when funds
are transferred, creating a window for attackers with quantum
computers to derive private keys and initiate competing
transactions.
- Currently, Bitcoin’s network
requires about 10 minutes to mine a block. Quantum computers would
need to derive private keys faster than this to exploit the system.
Scientific estimates suggest it currently takes a quantum computer
approximately 30 minutes to hack a Bitcoin signature, making
Bitcoin resistant for now. However, rapid advancements in quantum
technology could reduce this time, jeopardizing the blockchain’s
inherent security.
SEALSQ’s Commitment to a Quantum-Secure
FutureSEALSQ is proactively addressing these challenges by
developing quantum-resistant cryptographic solutions. Its
innovations in hybrid post-quantum hardware and software ensure
that critical systems, including Bitcoin and IoT networks, remain
resilient in the quantum era. SEALSQ’s efforts empower
organizations to transition securely into a future where quantum
computing is a reality.
With its cutting-edge technology and dedication
to cybersecurity, SEALSQ continues to lead the way in building a
secure digital future that is resistant to even the most advanced
threats.
About SEALSQ
SEALSQ is a leading innovator in Post-Quantum
Technology hardware and software solutions. Our technology
seamlessly integrates Semiconductors, PKI (Public Key
Infrastructure), and Provisioning Services, with a strategic
emphasis on developing state-of-the-art Quantum Resistant
Cryptography and Semiconductors designed to address the urgent
security challenges posed by quantum computing. As quantum
computers advance, traditional cryptographic methods like RSA and
Elliptic Curve Cryptography (ECC) are increasingly vulnerable.
SEALSQ is pioneering the development of
Post-Quantum Semiconductors that provide robust, future-proof
protection for sensitive data across a wide range of applications,
including Multi-Factor Authentication tokens, Smart Energy, Medical
and Healthcare Systems, Defense, IT Network Infrastructure,
Automotive, and Industrial Automation and Control Systems. By
embedding Post-Quantum Cryptography into our semiconductor
solutions, SEALSQ ensures that organizations stay protected against
quantum threats. Our products are engineered to safeguard critical
systems, enhancing resilience and security across diverse
industries.
For more information on our Post-Quantum
Semiconductors and security solutions, please visit
www.sealsq.com.
Forward Looking Statements
This communication expressly or implicitly
contains certain forward-looking statements concerning SEALSQ Corp
and its businesses. Forward-looking statements include statements
regarding our business strategy, financial performance, results of
operations, market data, events or developments that we expect or
anticipates will occur in the future, as well as any other
statements which are not historical facts. Although we believe that
the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates which are inherently subject to significant uncertainties
and contingencies, many of which are beyond our control. Actual
results may differ materially from those expressed or implied by
such forward-looking statements. Important factors that, in our
view, could cause actual results to differ materially from those
discussed in the forward-looking statements include SEALSQ’s
ability to implement its growth strategies; SEALSQ’s ability to
successfully launch post-quantum semiconductor technology; SEALSQ’s
ability to capture a share of the quantum semiconductor market; the
growth of the quantum computing market; SEALSQ’s ability to expand
its U.S. operations; SEALSQ’s ability to make additional
investments towards the development of a new generation of
quantum-ready semiconductors; SEALSQ’s ability to continue
beneficial transactions with material parties, including a limited
number of significant customers; market demand and semiconductor
industry conditions; the growth of the quantum computing market;
and the risks discussed in SEALSQ’s filings with the SEC. Risks and
uncertainties are further described in reports filed by SEALSQ with
the SEC.
SEALSQ Corp is providing this communication as
of this date and does not undertake to update any forward-looking
statements contained herein as a result of new information, future
events or otherwise.
SEALSQ Corp.Carlos
MoreiraChairman & CEOTel: +41 22 594 3000info@sealsq.com |
SEALSQ Investor Relations (US)The
Equity Group Inc.Lena CatiTel: +1 212 836-9611 /
lcati@equityny.comKatie MurphyTel: +212 836-9612 /
kmurphy@equityny.com |
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