If the answer is yes, then that’s a game changer for #cryptocurrencies!

So how do you access a bitcoin wallet. Accessing a Bitcoin wallet requires issuing a transaction to move Bitcoin from the address at which it resides to a new address; to perform such a transaction, you need knowledge of the private key associated with the Bitcoin address. Looking at how the FBI retrieved the Bitcoin from the Colonial Pipeline Hackers, Joseph Steinberg makes the following comment …

“It is no secret that cryptocurrencies enable various types of criminal activity and facilitate money laundering and the unreported transfers of large sums of money; as a result, I have wondered for years if lawmakers and law enforcement seemingly “turning a blind eye” to much of the issue has not been the result of naiveite, but because governments have “back doors” into popular crypto networks; are various government bodies able to better trace transactions than is commonly believed, to exploit zero-day implementation vulnerabilities in the crypto networks themselves or in the communications infrastructure upon which the networks rely, or to crack private keys far faster than outsiders believe through the use of quantum computers more advanced than are publicly known to  exist? Could Satoshi Nakomoto even be some government agency somewhere? Whoever knows the answers to these questions will clearly not answer them to the public. (Of course, if the FBI has such capabilities, it would likely use them sparingly and ascribe any successes to other techniques – just as the Allies did not act on every piece of data obtained by hacking Enigma so as not to alert the Nazis to Enigma’s compromise.)”

Also, it’s not a secret that quantum computers will eventually be able to rapidly crack the asymmetric encryption that forms the heart of modern-day digital signatures, nor is it a secret that many blockchain implementations – including those utilized by several popular cryptocurrencies – rely on potentially quantum-vulnerable asymmetric encryption algorithms to establish and authenticate the “owners” of their respective per-ledge-address contents.

Cryptocurrencies like Bitcoin and others are developed on blockchain technologies. Though advanced and sophisticated, the arrival of quantum computers are posing a serious threat to the security of blockchains. The only solution is to transition to quantum-safe blockchains utilizing post-quantum cryptography.

What is a quantum-safe blockchain? Well let’s run through the basics first. A blockchain is a database that is shared among the nodes of a computer network and stores data electronically. The jewel crown of this innovative blockchain technology is that it ensures the fidelity and security of a record of data which does not require a trusted third party.

Now that we know what blockchain truly means and how secure it is, we must also know that blockchain end points are vulnerable to quantum hacking. CISOs today and even blockchain experts are well aware of the fast-approaching quantum threats. The official Bitcoin website states that Bitcoin is vulnerable to quantum hacking just as most systems relying on cryptography in general are, including traditional banking systems. Some of the most recent hacks include $300M and $650M losses in cryptocurrencies that resulted from digital signature failures.

Besides cryptocurrency trading, the blockchain is a revolutionary technology that has many use cases. The blockchain is changing the face of businesses and governments today. It can be used for asset traceability, supply chain, trade payments, global payments, banking systems, voting and even digital identity. Using this very technology, new business models are evolving and disrupting the existing ones.

Just like all things on the internet, the blockchain requires security against quantum hacking. This is where IronCAP’s™ unique technology comes to use. We are developing the world’s first Quantum-Safe Blockchain designed for Tokens, NFTs, Smart Contracts for Metaverse, De-centralized Finance (DeFi) and more. This best-in-class quantum-safe blockchain can protect against cyber adversaries, including future quantum attacks. A revolutionary, state-of-the-art, quantum-safe blockchain has endless applications and use cases for every business.

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.

All the technical objectives necessary to integrate IronCAP™ into the Solana blockchain have been achieved!

Not just by providing a quantum-safe blockchain that supports smart contracts, but also retaining Solana’s ultra-fast throughput. “The technology we developed for this project is independent of the type of blockchain that is in use and as such it can be applied to not only the Solana blockchain but also other public blockchains such as Bitcoin, Ethereum, as well as most private business blockchains. The method of integration is unique and; therefore, we plan to file a patent application along with our partner, Talent Summit who has accepted and paid for the delivery of the Proof of Concept (“PoC”).  Our next step will be to create and demonstrate a quantum-safe wallet while Talent Summit will plan for commercial development and launching of QNT – Quantum Native Token,” said Andrew Cheung, President and CEO of 01 Communique.

As previously announced, the Company was commissioned to develop the World’s First Quantum-Safe Blockchain designed for Tokens, NFTs, Smart Contracts for the Metaverse, De-centralized Finance (DeFi). It is expected that this quantum-safe blockchain will be resilient against cyber-attacks, including attacks from Quantum Computers.

“Unfortunately, virtually all blockchains in the world today are vulnerable to quantum computer attacks.  Since blockchain data is meant to be “forever” it is imperative that it is quantum-safe.  This PoC achievement is a very significant milestone and demonstrates our IronCAP™ technology can transform existing blockchains into a quantum-safe version that can be incorporated in Tokens, NFTs, Smart Contracts for Metaverse, DeFi, and more”, said Andrew Cheung.

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.

01 Communique Laboratory Inc. is pleased to announce that the United States Patent and Trademark Office has allowed the issuance of a patent related to its blockchain endpoints protection technology.

The Company has received aNotice of Allowance from the USPTO stating that its patent application (application no. 17/972,815) for its blockchain endpoint protection technology has been examined, prosecution is now closed and it is allowed for issuance as a patent.

Quoting Andrew Cheung, CEO, “The endpoints in a blockchain are the weakest link in the system and current wallets are vulnerable to quantum computer attacks. As previously announced, using the technology embodied in this patent we have conducted intensive R&D using Solana as the sandbox and successfully created a quantum-safe blockchain with digital wallets that ensure these endpoints are safe from attacks by bad actors using either conventional computers or quantum computers. The uniqueness of our invention is further verified by the issuance of a patent.  It is inevitable that all blockchains must become quantum-safe to prevent disaster.  I believe our invention is an important milestone for the blockchain world’s security in this post-quantum computing era.”

The patent provides for blockchain endpoint protection, hence creating quantum-safe wallets. Quantum security may be enhanced through the use of quantum-safe validators for transactions whereby the quantum-safe validators process quantum-safe addresses and signatures of parties to the transactions. Quantum safety may be added to conventional blockchain transactions, for example, via smart contracts which are executed using cryptographic interlocks to between conventional smart contract execution engines and quantum-safe validators to ensure both quantum-safe processing of addresses and signatures and legitimacy of quantum-safe validators in presenting transactions for incorporation on the chain.

A demonstration of our quantum-safe blockchain and wallets is available at: https://qnt-demo.ironcap.ca

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.

Global Ransomware damage costs are predicted to exceed $265 Billion by 2031 (cybersecurityventures.com) Ransomware has been topping headline news on a daily basis and is becoming our No. 1 “cyber-enemy”. According to Harvard Business Review in May 2021, ransomware attacks were up 150% over the previous year. The amount paid by victims of these attacks increased more than 300% in 2020. This massive uptrend is further fuelled by accelerated digitalisation creating fertile soil for such attacks. The risk of data exposure will only grow given that remote workers’ personal devices are more vulnerable. According to the Cybercrime Magazine, ransomware damage costs are predicted to exceed USD265B annually and attacking a business, consumer, or device every 2 seconds by 203

Governments and critical infrastructure are not the only targets, ransomware attackers are less concerned about the industry and more focused on scope and scale. They go after large enterprise networks to secure the biggest possible ransom. Therefore, big enterprises e.g., banks, manufacturers and even high-tech companies and cybersecurity providers themselves are popular targets.

We believe enterprises should adopt a holistic approach, addressing the essential aspects including enhancing awareness and governance, while adopting suitable and robust technology solutions that best suit the technical environment that support the entity’s business operations. The adoption of true end-to-end encryption would be a key preventive measure, and leveraging the latest verifiable digital credentials would provide the average email user the means to verify the purported identity of the party sending the email.

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.

A game changer for #quantum error correction

Chinese researchers have made a significant advancement in the field of quantum error correction (QEC) using superconducting quantum circuits, advancing the science of quantum computing.

Although superconducting quantum circuit systems-based quantum information processing has advanced significantly in recent years, the error rate of quantum operations is still significantly higher than that of a classical computer, according to Xu Yuan, an assistant researcher at the Southern University of Science and Technology. As a result, QEC, which shields logical qubits from noise, is crucial.

By repeated real-time QEC, the team, led by Yu Dapeng, an academician of the Chinese Academy of Sciences (CAS), first extended the storage period of quantum information beyond the break-even threshold.
The results were released online in the journal Nature.

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.