DeFED™ Web4 Bank - Security Brief
The Quantum Computing Problem
Ethereum founder Vitalik Buterin has issued a warning that quantum computing could break the cryptographic security of Bitcoin and Ethereum as early as 2028, primarily due to the threat posed by Shor's algorithm to Elliptic Curve Cryptography (ECC), which underpins most major blockchains. He emphasized that while no current quantum computer can break these systems, the rapid pace of advancements in quantum hardware necessitates immediate preparation and integration of post-quantum cryptography into blockchain protocols. Buterin's warning marks a significant shift from his earlier views, reflecting growing concerns about the timeline for practical quantum computers capable of such attacks.
- Vitalik Buterin stated that the threat of quantum computers breaking blockchain security could materialize by 2028, urging swift action to adopt quantum-resistant cryptography.
- The primary concern is the potential exposure of private keys and compromise of digital signatures due to the vulnerability of ECC to quantum attacks.
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
DeFED™ Web4 Bank data actually moves at the kernel level, where quantum operations move at the root level, mostly without object orientation. The quantum tolerance is enhanced by the software instances being able to transfer or transact reference the previous instance (the last instance of the architecture), capturing only the necessary data without protocols.
So, think of the containers of that data as the DeFED™ Digital Wallet, and the DeFED™ Digital Wallet talks to other DeFED™ Digital Wallets directly at the object level. The DeFED™ Web4 Superkernel provides all the architecture and operations the DeFED™ Digital Wallet needs to function as a decentralized bank — fully interoperable and distributive. The security of the DeFED™ Web4 data is in the object, not applied to the object “after the fact” or by 3rd party. Everything is first party, and purely between counterparties. In addition, each counterparty has its own DeFED™ Web4 Bank interoperating infrastructure (Superkernel -> web object with reference implementation -> object graph as the network).
The PARYS™ RWA, therefore, is an actual web object (not just a JSON protocol token) with its own kernel. The kernel moves wherever it wants/needs to go, and the objects talk directly to each other. An asset container that is dynamic and improves itself and its’ own value the more it is utilized.