If you believe blockchains will proliferate in the coming years, it stands to reason that you will need some sort of mechanism to move information between them, a network of blockchains with bridges and processes for sharing information between entities. That is exactly what The Aion Network is providing with a new blockchain network released today.
The company wants to be the underlying infrastructure for a network of blockchains in a similar way that TCP/IP drove the proliferation of the internet. To that end, the company, which originally began as a for-profit startup called Nuco, has decided to become a not-for-profit organization with the goal of setting up protocols for a set of interconnected blockchains. They now see their role as something akin to the Linux Foundation, helping third party companies build products and creating an ecosystem around their base technology.
Graphic: Aion Networks
“The core design of network we have been building is to connect various networks, an..
A new – and theoretical – system for blockchain -based data storage could ensure that hackers will not be able to crack cryptocurrencies once we all enter the quantum era. The idea, proposed by researchers at the Victoria University of Wellington in New Zealand, would secure our crypto futures for decades to coming using a blockchain technology that is like a time machine.
You can check out their findings here.
To understand what’s going on here we have to define some terms. A blockchain stores every transaction in a system on what amounts to an immutable record of events. The work necessary for maintaining and confirming this immutable record is what is commonly known as mining . But this technology – which the paper’s co-author Del Rajan claims will make up “10 percent of global GDP… by 2027” – will become insecure in an era of quantum computers.
Therefore the solution is to store a blockchain in a quantum era requires a quantum blockchain using a series of entangled photons. Furt..