Why is Quantum Random Number Generation (QRNG) superior to traditional pseudorandom number generators (PRNGs) in cryptographic systems?

QRNG utilizes inherent quantum phenomena to generate true random numbers, providing genuine unpredictability and non-reproducibility, whereas PRNGs use algorithms, producing numbers that, while appearing random, are deterministic and potentially predictable.

Why do I need Post Quantum Cryptography now?

Data is already at risk. In many environments, it will take up to a decade to migrate to post quantum cryptography. At an absolute minimum, data must be secured with PQC prior to a quantum computer being able to decrypt it. Any data using today’s encryption that is stolen prior to the migration could be decrypted once the quantum computer is available.

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What are the quantum threats to cold storage and P2SH or P2PKH in crypto wallets?

Q: What are the quantum threats to cold storage and P2SH or P2PKH in crypto wallets?

Quantum threats to cold storage and P2SH or P2PKH arise from the ability of quantum computers to calculate private keys from public keys, making them vulnerable to quantum computing attacks and potentially leading to unauthorized fund transfers and theft.

Cold storage, which involves storing bitcoins offline (e.g., on hard drives or in Swiss bunkers), and Pay-to-Script Hash (P2SH) or Pay-to-Public-Key Hash (P2PKH) are perceived to be secure as they are either disconnected from the internet or require the public key to be revealed to the blockchain only during a transaction. However, quantum computers have the potential to break this security by calculating the private key from the public key, which is considered a one-way function in classical computing. In the context of P2SH or P2PKH, once the public key is exposed during a transaction, a quantum attacker could calculate the private key and steal the funds stored in the P2PKH address. Thus, the advent of quantum computing poses a significant risk to the security of crypto wallets, necessitating the adoption of quantum-resistant cryptography to safeguard assets.

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