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MicroCloud Hologram will invest $400 million to upgrade the Bitcoin protocol to defend against quantum attacks
According to PR Newswire, Nasdaq-listed company MicroCloud Hologram announced it will invest $400 million to upgrade the btc-42">Bitcoin protocol to defend against quantum attacks. The company plans to develop a quantum-resistant protocol based on a multi-layer hybrid encryption architecture on top of the existing Bitcoin transaction structure, introducing a parallel verification mechanism for validating post-quantum signature algorithms as well as traditional signature algorithms.
Under this framework, users can choose to use both ECDSA and quantum-resistant signature algorithms for dual signing, achieving security redundancy before quantum threats fully materialize. It is reported that this hybrid signing strategy not only enhances the system's resistance to attacks but also provides ample transition time for network upgrades, avoiding systemic risks associated with a one-time replacement.
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