2022-08-20 13:52:31
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Algorand leads quantum-proof technology with development of Falcon
John Woods, CTO at the Algorand Foundation, said Falcon signatures will roll out across several applications starting with "State Proofs."
Algorand Foundation CTO John Woods gave an update on how the project is spearheading quantum countermeasures to provide more secure cryptographic technology.
In particular, Woods drew attention to the Falcon algorithm, which offers a way to circumvent the potential threat posed by quantum computers.
What is the problem with quantum computing and blockchain?
Quantum computing is the development of technology that utilizes quantum principles to deliver advanced processing power. This is possible by generating and manipulating quantum bits, also known as qubits.
The information processed by classical computers is encoded in bits, where each bit has a value of either one or zero.
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