Quantum computing is around the corner, and the world has already begun to notice — not only the scientific and academic communities but major governments too. Earlier this year, the White House released a memorandum declaring the adoption of quantum-resistant protocols for all agencies. The executive order states, “The Federal Government must improve its efforts to identify, deter, protect against, detect, and respond to malicious cyber campaigns and their actors through bold changes and significant investments in cybersecurity.”
Government agencies like the NSA were advised to plan the use of quantum-resistant protocols and quantum-resistant cryptography where necessary. What exactly is the government’s concern about quantum computing? What implications does this have on the cryptocurrency ecosystem? And should we, as the general population, be concerned?
The Quantum Threat
Quantum computers harness the unique behavior of quantum physics, such as superposition, entanglement, and quantum interference, and apply it to computing. As a result, computing at the quantum level will exponentially exceed the capability and speed of the traditional computers we have today.
One of the biggest problems with most algorithms used in the crypto ecosystem is that their security depends on one of three complex mathematical problems: the integer factorization problem, the discrete logarithm problem, or the elliptic-curve discrete logarithm problem. Quantum computers, as demonstrated by the work of Peter Shor and others, have computational resources beyond current capabilities, rendering the security of traditional asymmetric encryption and their cryptographic algorithms obsolete.
The Need for Quantum Resistant Encryption
Quantum computers threaten almost all the cryptography in use today, particularly asymmetric cryptography, which is an essential component of all major cryptocurrencies. Conservative estimates say that quantum machines will be breaking cryptographic algorithms in the next 15 years. However, some academics say that the quantum future is much closer than that. IBM recently revealed its 127-qubit quantum processor that could be released as early as 2023. There is a solution to the vulnerabilities presented by quantum computing. One-Time Pad is an information-theory based encryption method that does not depend on assumptions about the computational resources of an attacker (and therefore is quantum-resistant), in contrast to conventional encryption protocols relying on prime numbers and number theory.
Crown Sterling provides quantum-resistant encryption through the practical and scalable implementation of One-Time Pad. In 2018, Founder and CEO Robert E. Grant discovered how to accurately predict Infinite Prime Numbers, challenging today’s encryption protocols, followed by a novel cryptographic key compression patent issued in 2022. As proof of our product, Crown Sterling has already successfully launched the mainnet of the Crown Sterling Chain, the world’s first layer-1 blockchain to implement One-Time Pad’s quantum-resistant cryptography and the Crown Sovereign token (CSOV).
The widespread implementation of One-Time Pad cryptography has remained impractical because each key must satisfy four conditions: true randomness, be at least as long as the plaintext, never reused in whole or in part, and kept completely secret. Using private keys that are at least the same size as the encrypted data makes it infeasible for scalable use cases because of the large storage size required to hold both the data and the encryption. Through the use of irrational numbers to enable shortened keys and gradient descent supervised machine learning to ensure that decryption keys are not repeated, Crown Sterling delivers the practical and scalable implementation of One-Time Pad technology.
We recognize that advancements in quantum computing present challenges to security and data sovereignty, and we are committed to creating solutions. Crown Sterling is on the path to revolutionizing data — the world’s most valuable asset — and giving its control back to the original producer. Join us on our journey, and be a part of something bigger!
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About Crown Sterling Limited LLC
As a leader in Data Sovereignty and quantum-resistant encryption, Crown Sterling’s mission is to transform an era of unregulated data consolidation, monopolization, and monetization by Big Tech and empower individuals to claim, protect, and control their data.
Crown Sovereign (CSOV) utility token enables users to access the novel product suite, including quantum-resistant cryptography and NFTs, end-to-end encrypted messaging, and other future data compression technologies. With the CSOV token and ecosystem, users can also encrypt personal data, including geolocation and browsing history, and convert that data into NFTs with the option to monetize it on exchanges. Crown Sterling Chain is the world’s first Layer-1 blockchain to implement One-Time Pad’s quantum-resistant cryptography and empowers a self-sovereign ecosystem. The team will also launch a chain agnostic Layer-2 Security Oracle, providing post-quantum technology for web 3.0.As data has surpassed oil as the most valuable asset in the modern world, Crown Sterling looks forward to ushering in a new paradigm of Personal Data Sovereignty.