Monday, December 2, 2024
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IBM and Microsoft Joins Forces with Other Entities to Form Post-Quantum Cryptography (PQC) Coalition

The Post-Quantum Cryptography coalition is geared towards providing the architecture and information on how to protect data from decryption by quantum computers. Amid the mainstream adoption of blockchain technology and crypto assets, a new cybersecurity threat has emerged that involves quantum computing. As a result, a group of tech enthusiasts –

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IBM, Microsoft, others form post-quantum cryptography coalition

IBM Quantum and Microsoft have formed a coalition to tackle post-quantum cryptography alongside not-for-profit research tank MITRE, U.K.-based cryptography firm PQShield, Google sibling company SandboxAQ, and the University of Waterloo.We’re proud to be a part of a new community of cybersecurity organizations to accelerate adoption of post-quantum cryptography in commercial

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Coinbase’s Chosen Blockchain Brand, Optimism’s OP Labs, Sees Zero Threat from Zero Knowledge Cryptography

OP Labs, the company behind Optimism, has gotten some heat in the past about not having fraud proofs securing its mainnet, including from the CEO of Offchain Labs, Optimism’s competitor and the company behind the Arbitrum blockchain, who tweeted: “Without fraud proofs, Ethereum provides zero security.” Source

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=nil; Foundation, Fabric Cryptography to Work on Hardware, Software for ZK Proof Compatibility

“The strategic alliance between Fabric and =nil; Foundation paves the way for almost unlimited, cost-effective, and high-speed ZKP-dedicated computing power readily available, making them a viable tool for every digital transaction, cloud service, and privacy-sensitive application,” they said a press release. Source

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Cryptography Network Lit Protocol Raises $13M to Bolster Web3 Autonomy and Interoperability

Lit aims to give individuals agency within Web3 ecosystems by giving users a private key that is interoperable across decentralized finance (DeFi), decentralized autonomous organizations (DAO) and non-fungible tokens (NFT) on Ethereum Virtual Machine (EVM), Cosmos and Solana chains. Lit protocol founder David Sneider said users will have greater security

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