QANplatform Launches a New Quantum-Resistant Blockchain
QANplatform has rolled out a private L1 quantum-resistant blockchain with minimal fees, enabling developers to build smart contracts in any programming language.
While a fully-functional quantum computer remains in developmental stages, it's clear that existing blockchain platforms could be vulnerable to it. Quantum capabilities might be able to tamper with transactions, jeopardizing the security of cryptocurrency wallets. Simply updating existing blockchains is not a viable solution due to the considerable risks involved for users. The way forward? A gradual overhaul of cryptographic protocols, as proposed by the Bitcoin developer community, or the establishment of entirely new systems.
The QANplatform team has incorporated the CRYSTALS-Dilithium post-quantum algorithm into their own blockchain, built upon the Proof of Reputation (PoR) consensus protocol. This algorithm was recognized by the U.S. National Institute of Standards and Technology (NIST) as the best solution for safeguarding digital signatures from quantum threats.
Thanks to its ability to support any programming language and its compatibility with the Ethereum virtual machine, the platform has been dubbed the Web3 operating system. With its post-quantum algorithm, streamlined cloud deployment capabilities, and various other features, the QAN blockchain stands out as both robust and distinctive.
The platform’s multilingual capabilities for smart contracts come from the QAN proprietary virtual machine (QVM). Developers have the freedom to use any programming language that's compatible with Linux, such as Java, Python, Go, and C++, among others. This offers great flexibility for companies that don't wish to change or retrain their teams when shifting to a more secure blockchain. Based on QANplatform’s own data, a mere 1% of global professionals are proficient in Ethereum’s Solidity programming language.
Fascinated to see the evolution of blockchain technology with new features like quantum-resistant security and multi-language smart contracts,said Patrick Storchenegger, a Board Member of the Ethereum Foundation.
In just a matter of 10 minutes, QAN's blockchain can be initiated on any prevalent cloud platform, including Amazon Web Services, Google Cloud, and Microsoft Azure, thanks to its user-friendly deployment function. In the pipeline for QANplatform is the development of a hybrid blockchain where businesses can opt for either private or public transaction processing, enhancing financial management's adaptability regarding confidentiality.
The company has already secured a collaboration with Alpine Esports, an e-sports entity backed by Renault. They have set their sights on launching an accessible testnet by the conclusion of 2023, which will be followed by the rollout of QAN blockchain's public version.
