Quantum Computers: The Invisible Threat to Bitcoin and Blockchain?
The rapid development of quantum computers raises significant concerns about the security of existing blockchain technologies. According to an article on Blockchain-Hero, these advanced machines could potentially crack current encryption algorithms like SHA-256 or RSA, which are considered secure against classical computing attacks. The ability of a quantum computer to derive private keys from public ones poses a serious threat to decentralized wallets and necessitates urgent investment in quantum-resistant algorithms.
UBS Tests Blockchain-Based Payment System
A report by Marketscreener CH highlights UBS's pilot project for implementing a blockchain-based payment solution called "UBS Digital Cash." This initiative aims at enhancing cross-border transaction efficiency using a private blockchain network alongside smart contracts for automated processing. Andy Kollegger emphasizes that this strategic focus is intended to increase transparency in international money transfers while awaiting real-world effectiveness and regulatory clearance.
Argo Blockchain Stock Faces Challenges Ahead
An analysis from Boerse-express.com reveals that Argo Blockchain continues facing substantial challenges despite its commitment to sustainable cryptocurrency mining practices. Recent financial metrics have led their stock price down by 8.61% due to mixed indicators such as a price-to-sales ratio of 1.35 coupled with negative cash flow ratios. However, resilience remains evident as shares rise above their 52-week low amidst volatile market conditions requiring adaptive strategies.
SKALA Project: Revolutionizing Logistics with AI and Blockchain?
The Coin Kurier reports on Fraunhofer IML’s SKALA project aiming at optimizing supply chains through artificial intelligence (AI) integrated with blockchain technology, supportively funded by Germany’s Federal Ministry for Digital Affairs targeting small-medium enterprises (SMEs). By fostering new business models via technological advancements previously inaccessible, SMEs can significantly boost competitiveness, benefiting broader economic landscapes post extensive piloting phases assessing true impacts/benefits realized therein accordingly.
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