Web4 Security
The Quantum Computing Problem
Ethereum founder Vitalik Buterin has issued a warning that quantum computing security could threaten the cryptographic foundation of Bitcoin and Ethereum as early as 2028. This concern arises primarily from the potential impact of Shor's algorithm on Elliptic Curve Cryptography (ECC), which is crucial for the security of most major blockchains. Buterin emphasized that while no current quantum computer can breach these systems, the rapid advancements in quantum hardware necessitate immediate preparation and the integration of post-quantum cryptography into blockchain protocols. His warning indicates a significant shift from his earlier views, reflecting growing concerns about the timeline for practical quantum computers capable of such attacks. The primary issue at stake is the potential exposure of private keys and compromise of digital signatures, highlighting the need for blockchain cryptography to evolve. Furthermore, as innovations like the DeFED Web4 Bank emerge, addressing quantum threats becomes increasingly vital.
The Quantum Computing Solution
DeFED™ Web4 Bank provides a Quantum Tolerant solution. The network architecture and software implementation, from the distributed ledger technology (DLT) to the digital wallets, are not susceptible to any known security threat created by the increased processing capability Quantum Computing provides.
Parisii™ defines Quantum Tolerance as “encrypted instantiation in each request or method call, with a full, immutable capture of that instance, and only that instance”.
What does this mean?
It means that there can’t be any canvassing, or simulation of a transfer or transaction, simply because each instance of a transaction (resulting in a unique object) occurs once and only once. The way we can hack an existing blockchain network is by canvassing the network, simulating it, and then using non-linear operations to bypass linear encryption. With DeFED™ Web4 Bank, external threats can’t perform any canvassing or vector attack operations of any type, including “brute force” decryption. In fact, with the DeFED™ Web4 Superkernel we simply rewrite the malicious code and then reassemble it as objects.
DeFED™ Web4 Bank - Data Structures
Ethereum founder Vitalik Buterin has issued a warning that quantum computing security could threaten the cryptographic foundation of Bitcoin and Ethereum as early as 2028. This concern arises primarily from the potential impact of Shor's algorithm on Elliptic Curve Cryptography (ECC), which is crucial for the security of most major blockchains. Buterin emphasized that while no current quantum computer can breach these systems, the rapid advancements in quantum hardware necessitate immediate preparation and the integration of post-quantum cryptography into blockchain protocols. His warning indicates a significant shift from his earlier views, reflecting growing concerns about the timeline for practical quantum computers capable of such attacks. The primary issue at stake is the potential exposure of private keys and compromise of digital signatures, highlighting the need for blockchain cryptography to evolve. Furthermore, as innovations like the DeFED Web4 Bank emerge, addressing quantum threats becomes increasingly vital.
PQC is a Patch...W4S is a Quantum Security Solution
Post-Quantum (PQC) Cryptographic Scheme
Patchwork add-on PQC cryptography leaves several critical security weaknesses in competing models.
Web4 Security (W4S) Cryptographic Scheme
Comprehensive W4S security model implemented throughout DeFED™ for the ultimate in Quantum Tolerant privacy and asset protection.