How SEALSQ is Pioneering Quantum-Resistant Solutions for Bitcoin's Future

SEALSQ's Quantum-Resistant Technology

Geneva, Switzerland, Dec. 23, 2024 – SEALSQ Corp (NASDAQ: LAES), a leader in semiconductors, PKI, and post-quantum technology, is at the forefront of addressing the potential threats posed by quantum computing to Bitcoin and other blockchain systems. Through its QUASARS project, SEALSQ is innovating in the field of Post-Quantum Cryptography (PQC), developing hybrid solutions and quantum-resistant hardware aimed at securing critical infrastructures like the Internet of Things (IoT) and blockchain networks.

Understanding Quantum Computing Risks to Bitcoin

As quantum computing technology advances, it poses significant risks to blockchain systems, particularly Bitcoin. The security of Bitcoin relies on cryptographic principles that could be compromised by sufficiently powerful quantum computers. Key vulnerabilities include:

1. p2pk and Reused p2pkh Addresses: These expose public keys, enabling quantum computers to derive private keys and potentially steal funds.
2. Unspendable Bitcoins: Many Bitcoins in vulnerable addresses are at risk due to lost private keys, which could be exploited by quantum computing advancements.

Mitigating Bitcoin’s Quantum Vulnerabilities

To protect Bitcoin from these emerging quantum threats, several actions can be taken:

• Transfer Funds to New p2pkh Addresses: Bitcoins in unused p2pkh addresses are safer as their public keys are not exposed. This transfer can mitigate immediate risks.
• Consensus-Driven Ultimatums: The Bitcoin community could establish ultimatums requiring funds to be moved to secure addresses, rendering coins in unsafe addresses unusable after a set period. This approach necessitates broad consensus to avoid unintended consequences.

Ensuring Bitcoin's Long-Term Resilience

Even with secure vulnerable Bitcoins, blockchain systems face risks during transactions:

• Public keys are exposed when funds are moved, creating opportunities for quantum attackers to derive private keys.
• Currently, Bitcoin's network requires about 10 minutes to mine a block. Quantum computers would need to derive private keys quicker than this to exploit the system. Estimates suggest it takes approximately 30 minutes for quantum computers to hack a Bitcoin signature, providing temporary resistance. However, rapid advancements in quantum technology could jeopardize this security.

SEALSQ's Commitment to a Quantum-Secure Future

SEALSQ is taking proactive measures to develop quantum-resistant cryptographic solutions. Their advancements in hybrid post-quantum hardware and software are designed to ensure critical systems, including Bitcoin and IoT networks, remain resilient in a quantum future. SEALSQ empowers organizations to transition securely into a reality where quantum computing is prevalent.

With cutting-edge technology and a commitment to cybersecurity, SEALSQ is leading the charge in creating a secure digital future that withstands even the most advanced threats.

About SEALSQ

SEALSQ is a pioneering innovator in Post-Quantum Technology hardware and software solutions, integrating semiconductors, PKI, and provisioning services. They focus on developing state-of-the-art quantum-resistant cryptography and semiconductors to address the urgent security challenges posed by quantum computing. As quantum computers evolve, traditional cryptographic methods like RSA and ECC become increasingly vulnerable.

SEALSQ is committed to creating Post-Quantum Semiconductors that offer robust protection for sensitive data across various applications, ensuring organizations remain protected against quantum threats. Their products enhance resilience and security across multiple industries.

For more information on their Post-Quantum Semiconductors and security solutions, visit SEALSQ's website.