How Scalable Quantum-Safe Blockchains Help Against Network Outages
04 Mai 2022 - 3:38PM
NEWSBTC
The blockchain industry is at the forefront of innovation, with new
ways to harness this secure distributed ledger technology in
various areas of traditional business. A key feature of
conventional blockchains is the ability of any entity to verify the
integrity of the blockchain ledger by executing the same algorithm
that was used to generate it. What are quantum-safe blockchains?
Quantum computers will be able to execute algorithms significantly
faster than classical computers, enabling them to break most
cryptographic algorithms. Attackers with a quantum computer might
be able to break into any system that uses today’s encryption
algorithms and cannot evolve in time. The Post-Quantum Blockchain
is the next step in blockchain technology, leveraging the power of
post-quantum cryptography to ensure that data is stored securely
and cannot be tampered with, so they can rely on the integrity and
security of their data. In contrast to existing blockchains, which
rely on the pre quantum RSA, post-quantum blockchain uses
encryption algorithms like NewHope, NTRU, Frodo, SIDH that are more
secure against current quantum computers. Why does the modern
blockchain lack efficient infrastructure? While talking about the
security of the blockchain we also have to look at the scalability
of the blockchain in order to execute the smart contracts on it.
Here comes the impossible trinity into play which says that every
blockchain network is constrained by this popularly known
Scalability Trilemma – scalability, security, and decentralization.
Theory suggests that a blockchain network is trying to max at one
factor at the expense of the remaining two factors. Eg. If a
blockchain network focuses on increasing scalability, then the
security and the decentralization of the particular blockchain get
hit. This has been affecting several Tier 1 blockchains like Solana
(SOL) and Polygon (MATIC) which recently experienced a situation
where a high number of transactions on their network caused it to
overload the RPC nodes which further causes multiple transactions
to be canceled and causes the network to jam. This has caused
multiple projects that are built on these blockchains to crash as
well. The issue with current blockchain appears to have been caused
by too many transactions being processed at once—about 400,000 in
total. The average capacity that Solana (SOL) can process is around
65,000 transactions per second and this resulted in the network
becoming congested and crashing. Most recently, Solana mainnet beta
fell out of consensus and the validator network couldn’t recover.
This was majorly due to the botting on the Candy Machine NFT
minting tool ,there were four million transaction requests and 100
gigabits of data every second which is a record high for the
network. Here’s how blockchain’s scalability issue affects
investors and traders This greatly impacted the traders, investors,
gamers and many others using the particular blockchain network as
it can cause losses and delays in transactions. This could have a
possible detrimental effect on projects looking to build further on
the blockchain as this could easily lead to the failure of the
project because of the congestion on the blockchain. This sort of
scalability issue needs to be addressed when global adoption kicks
in. Many traders have this network fee slippage issues due to
insufficient infrastructure to support the mass traffic. That is
where a solution of future-proof architecture must work equally
well with both classical cryptography and post-quantum
cryptography. To achieve this goal, Cellframe product pioneered the
technology that groups transactions into cells. Instead of
verifying every transaction, Layer 1 mainnet verifies these cells.
As such, computational resource consumption is reduced
dramatically: a network needs to verify one cell instead of 100
transactions. Addressing the future of post-quantum computations,
Cellframe promotes itself as a blockchain-agnostic platform (“Layer
Zero”) that can interact with Bitcoin (BTC), Ethereum (ETH) and so
on. This design unlocks unmatched opportunities in terms of
scalability and accessibility. Cellframe offers the same level of
scalability for all associated decentralized applications (dApps),
DeFis, NFT marketplaces, play-to-earn ecosystems, and so on. New
“Cell Chains” can be added to this architecture again and again.
Within the ecosystem, they work like shards of NEAR Protocol or
Ethereum 2.0. Every element of the system can be easily isolated in
the event of an attack. Supersingular curves and lattice
permutations are used as the basis. Implementations of such
algorithms for public key communications are already available on
the network. As such, the system has a virtually infinite
bandwidth, impressive flexibility and unmatched scalability.
Creators of cells can mitigate scalability issues by launching
additional “cells” on the same infrastructure. In different
systems, cells can be integrated into various use cases. Cellframe
instruments are suitable for both entrepreneurial and retail use.
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