- Crypto market cap: USD 1.2T,? down 0.92%
- BTC price stands at? USD 30,568.12, down 0.81%
- ETH price stands at? USD 1,919.99, down 0.79%
- Top gainer: Bitcoin Cash(BCH), up 7.89%
- Top loser: Zilliqa(ZIL), down 9.55%
- The trial is being conducted in partnership with Canadian firm Isara Corporation, which specializes in quantum-safe security solutions. The network will use Isara's quantum-safe cryptography technology to secure transactions, ensuring that they remain safe from attacks by quantum computers.
- Quantum computing represents a significant threat to traditional cryptography because it has the potential to break many of the encryption algorithms that are currently in use. This could lead to the theft of sensitive financial information and the compromise of financial systems.
- The trial is part of HSBC's ongoing efforts to stay ahead of the curve when it comes to cybersecurity. The bank has already invested heavily in cybersecurity measures, and this latest move demonstrates its commitment to staying at the forefront of the industry.
Brief introduction: StarkWare is a provider of blockchain technology solutions that is focused on developing high-performance, scalable blockchain platforms. The company's solutions are designed to address some of the key challenges facing the blockchain industry, such as scalability and security.
- The achievement was made possible by the use of StarkWare's zk-STARK technology, which is designed to provide high scalability and security for blockchain networks. The technology uses advanced cryptographic techniques to ensure that transactions are processed quickly and securely, without compromising on decentralization.
- The high TPS achieved by StarkNet is a major breakthrough for the project, as it demonstrates the potential for blockchain networks to provide high-performance, scalable solutions for a wide range of applications. This is particularly important in industries such as finance and supply chain management, where high transaction volumes are common.
- StarkWare's achievement is also significant in the context of the wider blockchain industry. Many blockchain networks struggle with scalability issues, which limit their ability to process large volumes of transactions. By demonstrating that it is possible to achieve triple-figure TPS using decentralized blockchain technology, StarkWare is helping to pave the way for a new generation of high-performance blockchain solutions.
Aspen Digital is a leading technology and financial services company with a mission to accelerate the mass adoption of digital assets. The company provides a digital asset management solution for asset managers, institutions, and sophisticated investors. Aspen Digital was co-founded by digital assets innovators and asset management veterans at Everest Ventures Group (“EVG”) and TT Bond Partners (“TTB”) in 2021.
For more information, visit https://www.aspendigital.co/?
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