Scientists from Colorado State University in Boulder have developed a new hack-resistant random number generation technology called CURBy to protect cryptocurrency operations and blockchain data. According to a statement from the U.S. National Institute of Standards and Technology (NIST), the CURBy system (Colorado University Randomness Beacon) generates random numbers based on the polarization of entangled photons and blockchain-like hash chains. For the crypto industry, CURBy opens new opportunities for protecting transactions and smart contracts from quantum attacks. In particular, the system provides public verification of random numbers, making it promising for cryptocurrency protocols where randomness is critically important. For example, for cryptographic protection of digital wallets, transactions, staking, lotteries, and airdrops.
The new technology may solve the problem of blockchain vulnerability to quantum computers, which, according to scientists’ forecasts, will soon be capable of breaking the traditional cryptographic algorithms of Bitcoin and Ethereum.
“If God plays dice with the universe, this can be turned into the best random number generator. The new technology allows verification of the authenticity of each number, which is critical for secure systems. Successful implementation of CURBy may become a new standard for protecting blockchain data, minimizing potential risks for crypto investors in the era of quantum computing,” said Krister Shalm, director of NIST’s quantum information program.
Earlier, Strategy founder Michael Saylor stated that quantum threats to the crypto industry are overly exaggerated, as they do not pose any danger to the digital finance industry in the coming decades.