Potential of Quantum Computing in Securing Blockchain Networks
Sumedha Sen
Quantum Key Distribution (QKD): It is a method of secure communication that uses quantum mechanics to generate and distribute cryptographic keys.
Quantum-Resistant Algorithms: Current blockchain systems rely on cryptographic algorithms like RSA and ECC, which are vulnerable to quantum attacks.
Enhanced Consensus Mechanisms: Blockchain networks rely on consensus mechanisms to validate transactions and maintain the integrity of the ledger.
Improved Hash Functions: Hash functions are a critical component of blockchain technology, used to secure data and ensure the integrity of transactions.
Quantum Random Number Generation (QRNG): Random number generation is essential for various cryptographic processes in blockchain networks.