Thursday, March 28, 2024
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Ethereum’s Layer-2 Expansion, Rise of Zero-Knowledge Cryptography, and Bitcoin’s New Frontier in Tokenization, Smart Contracts, and File Hosting

LAYER 2'S EVERYWHERE: In last week's The Protocol, we dedicated a not-inconsiderable quantity of ink to the fast-growing list of new "layer 2" blockchains aiming to provide a venue for fast and speedy transactions atop Ethereum. Grab another well, cause there's been plenty more announcements already this week. The most

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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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Quantum computers may soon breach blockchain cryptography: Report

According to a recent paper, Chinese researchers claimed to have discovered a novel method to break the Rivest–Shamir–Adleman 2048 bit (RSA-2048) signing algorithm present in blockchains and other security protocols. RSA is a cryptographic technique that utilizes a public key to encrypt information and a private key to decrypt them. Breaching

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