The anti-quantum cryptography organization BTQ announces Bitcoin Quantum, a quantum-resistant algorithm solution for Bitcoin

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BTC2,14%

BlockBeats News, January 12 — According to Coindesk, the quantum-resistant cryptography professional organization BTQ Technologies (BTQ) recently announced a permissionless fork testnet called “Bitcoin Quantum” (比特币量子) to protect the Bitcoin blockchain. The network claims to be capable of addressing quantum challenges.

BTQ’s partnership lead Chris Tam stated that Bitcoin Quantum is an open, operational network where miners, developers, researchers, and users can conduct stress tests against quantum transactions and reveal practical trade-offs before discussions on mainnet upgrades become urgent. The system includes a block explorer and mining pools, providing immediate accessibility.

Tam explained that in August 2024, the so-called “Dilithium” quantum-resistant algorithm (officially known as the lattice-based digital signature algorithm ML-DSA) was standardized in the United States. This algorithm is the technology used by the Bitcoin Quantum network. Such algorithms have not yet been widely adopted in fast-evolving fields like cryptocurrencies, mainly due to high operational costs. Compared to the digital signatures used when sending information to the blockchain or even sending WhatsApp messages, quantum-resistant algorithms increase data size by at least 200 times. Therefore, while there are methods to counter quantum risks, they also introduce issues, primarily related to performance and cost overheads during large-scale deployment.

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