Latest news with #EllipticCurve
Yahoo
13-06-2025
- Business
- Yahoo
MicroStrategy's Michael Saylor On Bitcoin's Quantum Computing Risk: 'I Don't Worry About It'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. With increased attention and adoption has come increased scrutiny of Bitcoin risks. Among the risks gaining increased attention in recent months is the threat of quantum computing. The fear is that supercomputers will soon emerge that can break Bitcoin's cryptography, putting user assets at risk. But as scary as this potential reality sounds, MicroStrategy (NASDAQ:MSTR) Chair Michael Saylor has said that he is not losing sleep over it. If there is anyone that should be concerned, it is Saylor. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Over the past five years, he has spearheaded an aggressive Bitcoin treasury strategy at the erstwhile business software intelligence firm, which has seen it accumulate 582,000 BTC, currently worth over $63 billion. 'I don't worry about it,' he told CNBC last week, referring to the potential quantum computing threat to Bitcoin. Saylor claimed the recent fuss over quantum computing developments and how it could impact Bitcoin was a marketing ploy by projects seeking to position their assets as an alternative to Bitcoin. 'It's mainly marketing by people that want to sell you the next quantum yo-yo token,' he said. 'Look, Google and Microsoft aren't going to sell you a quantum computer that cracks modern cryptography because it would destroy Google and Microsoft and the US government and the banking system.' Trending: New to crypto? on Coinbase. Saylor said that quantum computing was unlikely to become a genuine concern for Bitcoin for another 10 or 20 years. And then, he said, that like Microsoft (NASDAQ:MSFT), Google and the traditional banking system, Bitcoin would simply upgrade its software. Saylor's unnerved stance comes despite recent Google research suggesting that it may now take 20 times fewer quantum resources to crack RSA encryption, which likely indicates a faster-than-expected timeline for cracking Bitcoin's Elliptic Curve Cryptography as well. Quantum computing firm Project 11 launched a competition in April to settle the question of how urgent the threat is to Bitcoin. The firm challenged teams and individuals to attempt to break the longest ECC key they can from a selection of 1 to 25 bits for a chance to win 1 BTC. The competition will end on April 5, 2026. Unlike Saylor, Project 11 said that it believed quantum computers could break Bitcoin's wallet encryption within the decade, putting billions in user assets in exposed wallet addresses at risk. The firm estimates that 6.3 million BTC, currently worth over $648 billion, is at risk. Read Next:Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Image: Shutterstock This article MicroStrategy's Michael Saylor On Bitcoin's Quantum Computing Risk: 'I Don't Worry About It' originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Patero Announces Launch of CryptoQoR Post-Quantum Cryptography Software
PQC solution can be immediately deployed into existing infrastructure to remediate risks associated with quantum attacks. COLLEGE PARK, Md., June 09, 2025--(BUSINESS WIRE)--Patero, a leader in post-quantum cryptography (PQC), today announced the launch CryptoQoR™. This new highly efficient crypto-agile software module establishes secure communication channels and proactively mitigates security risks using hybrid post-quantum encryption. The solution can be readily deployed into existing infrastructure to improve current cryptographic protection and immediately remediate risks associated with quantum attacks. The post-quantum cryptography (PQC) market is projected to grow from $302.5 million in 2024 to $1,887.9 million by 2029.1 The approach to "Q-day," the day when quantum computers can be used to break traditional encryption, is accelerating with daily advances in quantum computing, quantum switching, AI, and high-performance computing. The migration to PQC is an imperative to secure sensitive data against future quantum threats. Governments and regulatory bodies have mandated the transition to PQC, which includes the adoption of post-quantum cryptographic solutions such as those offered by Patero. "Today's encryption is already obsolete. Using Shor's algorithm, Quantum computers will decrypt data encrypted with asymmetric algorithms such as RSA or Elliptic Curve. Your data is no longer safe," said Patero Chief Executive Officer, Crick Waters. "Sensitive, long-life data is being stolen every day to be decrypted tomorrow by cryptographically relevant quantum computers." Patero CryptoQoR also cloaks Internet-exposed endpoints, making it extremely difficult to find network attack surfaces while protecting businesses from quantum vulnerabilities. CryptoQoR's cloaking feature, therefore, is a key element of Zero Trust network architectures. CryptoQoR utilizes a certificateless authentication method to establish trust and authentication between endpoints. Untrusted endpoints are ignored. Only trusted endpoints, those with quantum-key authentication, are trusted to establish quantum-resistant tunnels. This zero-trust framework reduces network attack surfaces and enhances overall data security. Waters added, "CryptoQoR is also a crypto-agile software solution. It provides software-selectable PQC algorithms, allowing users to select their preferred algorithms in situ or upgrade to new quantum-resistant algorithms without requiring product recall or equipment replacement. All cryptography is eventually broken, but CryptoQoR's agility future-safes networks." About Patero Patero is a leader in quantum secure communications. Patero's cryptographic discovery and inventory solution quantifies risk and prioritizes mitigation of vulnerabilities against present and future cryptographic attacks. Patero's crypto-agile post-quantum security solutions hybridize classic encryption with NIST-standardized quantum-resistant encryption algorithms to mitigate cryptographic vulnerabilities and protect data-in-motion from steal-now, decrypt-later, and future direct decryption attacks. Patero is privately held and based in the Quantum Startup Foundry at the University of Maryland, College Park. For more information, visit For investment opportunities, contact company CEO Crick Waters at crick@ Learn more at 1 Quantum Cryptography Market Forecast to 2030. MarketsandMarkets. October 2024. View source version on Contacts Media Contact: RedIron PR for PateroKari Ritaccokari@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
09-06-2025
- Business
- Business Wire
Patero Announces Launch of CryptoQoR Post-Quantum Cryptography Software
COLLEGE PARK, Md.--(BUSINESS WIRE)-- Patero, a leader in post-quantum cryptography (PQC), today announced the launch CryptoQoR™. This new highly efficient crypto-agile software module establishes secure communication channels and proactively mitigates security risks using hybrid post-quantum encryption. The solution can be readily deployed into existing infrastructure to improve current cryptographic protection and immediately remediate risks associated with quantum attacks. Today's encryption is already obsolete. Sensitive, long-life data is being stolen every day to be decrypted tomorrow by cryptographically relevant quantum computers. The post-quantum cryptography (PQC) market is projected to grow from $302.5 million in 2024 to $1,887.9 million by 2029. 1 The approach to 'Q-day,' the day when quantum computers can be used to break traditional encryption, is accelerating with daily advances in quantum computing, quantum switching, AI, and high-performance computing. The migration to PQC is an imperative to secure sensitive data against future quantum threats. Governments and regulatory bodies have mandated the transition to PQC, which includes the adoption of post-quantum cryptographic solutions such as those offered by Patero. 'Today's encryption is already obsolete. Using Shor's algorithm, Quantum computers will decrypt data encrypted with asymmetric algorithms such as RSA or Elliptic Curve. Your data is no longer safe,' said Patero Chief Executive Officer, Crick Waters. 'Sensitive, long-life data is being stolen every day to be decrypted tomorrow by cryptographically relevant quantum computers.' Patero CryptoQoR also cloaks Internet-exposed endpoints, making it extremely difficult to find network attack surfaces while protecting businesses from quantum vulnerabilities. CryptoQoR's cloaking feature, therefore, is a key element of Zero Trust network architectures. CryptoQoR utilizes a certificateless authentication method to establish trust and authentication between endpoints. Untrusted endpoints are ignored. Only trusted endpoints, those with quantum-key authentication, are trusted to establish quantum-resistant tunnels. This zero-trust framework reduces network attack surfaces and enhances overall data security. Waters added, 'CryptoQoR is also a crypto-agile software solution. It provides software-selectable PQC algorithms, allowing users to select their preferred algorithms in situ or upgrade to new quantum-resistant algorithms without requiring product recall or equipment replacement. All cryptography is eventually broken, but CryptoQoR's agility future-safes networks.' About Patero Patero is a leader in quantum secure communications. Patero's cryptographic discovery and inventory solution quantifies risk and prioritizes mitigation of vulnerabilities against present and future cryptographic attacks. Patero's crypto-agile post-quantum security solutions hybridize classic encryption with NIST-standardized quantum-resistant encryption algorithms to mitigate cryptographic vulnerabilities and protect data-in-motion from steal-now, decrypt-later, and future direct decryption attacks. Patero is privately held and based in the Quantum Startup Foundry at the University of Maryland, College Park. For more information, visit For investment opportunities, contact company CEO Crick Waters at crick@ Learn more at 1 Quantum Cryptography Market Forecast to 2030. MarketsandMarkets. October 2024.
