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Title: Quantum Coin: Quantum Resistant Blockchain with smart contracts support

Estonia, 31st Dec 2024 - Quantum Coin, formerly known as Doge Protocol, is a cutting-edge blockchain project designed to address the evolving challenges posed by quantum computing. As the world enters the age of quantum technology, the security of current blockchain systems such as Bitcoin, Ethereum, and Dogecoin is under threat. These networks rely on elliptic curve cryptography (ECC), which quantum computers, using algorithms like Shor’s algorithm, could potentially break. If cryptographic schemes are compromised, the integrity of accounts and transactions could be jeopardized, leading to malicious withdrawals or double-spending.The Quantum-Resistant BlockchainTo counter these risks, Quantum Coin incorporates quantum-resistant cryptography, often referred to as post-quantum cryptography. These cryptographic algorithms are designed to withstand the powerful capabilities of quantum computers, ensuring that Quantum Coin’s blockchain remains secure even as quantum technology advances. Quantum Coin adopts the most robust post-quantum cryptographic standards, as recommended by the National Institute of Standards and Technology (NIST), for securing both user accounts and inter-node communication. This forward-thinking approach extends to the management and reporting APIs of the platform, which will also utilize post-quantum TLS (Transport Layer Security), providing an extra layer of security against emerging threats.A Community-Driven VisionAt its core, Quantum Coin is a community-driven project, where all visions and initiatives are aspirational and open for collaboration. The platform emphasizes decentralization, but not for the sake of decentralization alone. Instead, it seeks to create a decentralized ecosystem that tackles some of the most pressing real-world issues of...

This press release is issued by King Newswire