BTQ Technologies Announces Publication of Research on Quantum Proof-of-Work Consensus in "Quantum Science and Technology" Journal
BTQ Technologies (OTCQX: BTQQF) has announced the publication of their research paper 'Proof-of-Work Consensus by Quantum Sampling' in the prestigious Quantum Science and Technology journal by IOP Publishing. The peer-reviewed paper introduces a novel approach using coarse-grained boson sampling (CGBS) for blockchain consensus.
The research presents an innovative solution that replaces traditional energy-intensive blockchain mining with efficient quantum processes. This new quantum-powered approach significantly reduces energy consumption while maintaining security standards and offering resistance against quantum computer attacks.
The technology aims to address the sustainability challenges faced by conventional Proof-of-Work systems while ensuring long-term blockchain security. According to COO Nicolas Roussy Newton, this development demonstrates BTQ's commitment to innovation in quantum computing and blockchain technology, focusing on creating scalable, market-ready solutions aligned with global sustainability trends.
BTQ Technologies (OTCQX: BTQQF) ha annunciato la pubblicazione del proprio articolo di ricerca 'Proof-of-Work Consensus by Quantum Sampling' nella prestigiosa rivista Quantum Science and Technology di IOP Publishing. L'articolo, sottoposto a revisione paritaria, introduce un nuovo approccio che utilizza il coarse-grained boson sampling (CGBS) per il consenso nella blockchain.
La ricerca presenta una soluzione innovativa che sostituisce il tradizionale mining della blockchain, ad alta intensità energetica, con processi quantistici efficienti. Questo nuovo approccio potenziato quantisticamente riduce significativamente il consumo di energia, mantenendo al contempo gli standard di sicurezza e offrendo resistenza contro gli attacchi dei computer quantistici.
La tecnologia mira a affrontare le sfide di sostenibilità affrontate dai sistemi convenzionali di Proof-of-Work, garantendo al contempo la sicurezza a lungo termine della blockchain. Secondo il COO Nicolas Roussy Newton, questo sviluppo dimostra l'impegno di BTQ per l'innovazione nel computing quantistico e nella tecnologia blockchain, con un focus sulla creazione di soluzioni scalabili e pronte per il mercato in linea con le tendenze globali di sostenibilità.
BTQ Technologies (OTCQX: BTQQF) ha anunciado la publicación de su artículo de investigación 'Proof-of-Work Consensus by Quantum Sampling' en la prestigiosa revista Quantum Science and Technology de IOP Publishing. El artículo, revisado por pares, presenta un enfoque novedoso utilizando coarse-grained boson sampling (CGBS) para el consenso en blockchain.
La investigación presenta una solución innovadora que reemplaza la minería tradicional de blockchain, que consume mucha energía, por procesos cuánticos eficientes. Este nuevo enfoque impulsado por la cuántica reduce significativamente el consumo de energía, manteniendo al mismo tiempo los estándares de seguridad y ofreciendo resistencia contra los ataques de computadoras cuánticas.
La tecnología tiene como objetivo abordar los desafíos de sostenibilidad que enfrentan los sistemas tradicionales de Proof-of-Work, asegurando a su vez la seguridad a largo plazo de la blockchain. Según el COO Nicolas Roussy Newton, este desarrollo demuestra el compromiso de BTQ con la innovación en la computación cuántica y la tecnología blockchain, centrándose en crear soluciones escalables y listas para el mercado que se alineen con las tendencias globales de sostenibilidad.
BTQ Technologies (OTCQX: BTQQF)는 IOP Publishing의 권위있는 저널인 Quantum Science and Technology에 연구 논문 'Proof-of-Work Consensus by Quantum Sampling'을 발표했습니다. 이 논문은 동료 심사를 거친 자료로, coarse-grained boson sampling (CGBS)를 사용하여 블록체인 합의를 위한 새로운 접근 방식을 소개합니다.
이 연구는 전통적인 에너지 집약적인 블록체인 채굴을 효율적인 양자 프로세스로 대체하는 혁신적인 솔루션을 제시합니다. 이 새로운 양자 기반 접근법은 에너지 소비를 획기적으로 줄이는 동시에 보안 기준을 유지하고 양자 컴퓨터 공격에 대한 저항력을 제공합니다.
이 기술은 전통적인 작업 증명 시스템이 직면한 지속 가능성 문제를 해결하는 동시에 블록체인의 장기 보안을 보장하는 것을 목표로 합니다. COO인 Nicolas Roussy Newton에 따르면, 이 발전은 BTQ가 양자 컴퓨팅 및 블록체인 기술의 혁신에 대한 의지를 보여주며, 시장에 출시할 수 있는 규모의 솔루션을 제공하고 글로벌 지속 가능성 트렌드에 맞춰 집중하고 있다고 합니다.
BTQ Technologies (OTCQX: BTQQF) a annoncé la publication de son article de recherche 'Proof-of-Work Consensus by Quantum Sampling' dans la prestigieuse revue Quantum Science and Technology d'IOP Publishing. Cet article, soumis à un comité de lecture, présente une approche novatrice utilisant le coarse-grained boson sampling (CGBS) pour le consensus dans la blockchain.
La recherche propose une solution innovante qui remplace le minage traditionnel de blockchain, énergivore, par des processus quantiques efficaces. Cette nouvelle approche alimentée par la quantique réduit de manière significative la consommation d'énergie tout en maintenant les normes de sécurité et en offrant une résistance aux attaques des ordinateurs quantiques.
La technologie vise à relever les défis de durabilité auxquels sont confrontés les systèmes de preuve de travail conventionnels tout en assurant la sécurité à long terme de la blockchain. Selon le COO Nicolas Roussy Newton, ce développement montre l'engagement de BTQ envers l'innovation dans le calcul quantique et la technologie blockchain, en se concentrant sur la création de solutions évolutives, prêtes pour le marché, alignées sur les tendances mondiales de durabilité.
BTQ Technologies (OTCQX: BTQQF) hat die Veröffentlichung ihres Forschungspapiers 'Proof-of-Work Consensus by Quantum Sampling' in der renommierten Zeitschrift Quantum Science and Technology von IOP Publishing bekannt gegeben. Das peer-reviewed Papier stellt einen neuartigen Ansatz vor, der coarse-grained boson sampling (CGBS) für den Blockchain-Konsens verwendet.
Die Forschung präsentiert eine innovative Lösung, die das traditionelle, energieintensive Mining der Blockchain durch effiziente Quantenprozesse ersetzt. Dieser neue, quantenbasierte Ansatz reduziert den Energieverbrauch erheblich, während er die Sicherheitsstandards aufrechterhält und Widerstand gegen Angriffe durch Quantencomputer bietet.
Die Technologie zielt darauf ab, die Nachhaltigkeitsprobleme der herkömmlichen Proof-of-Work-Systeme anzugehen und gleichzeitig die langfristige Sicherheit der Blockchain zu gewährleisten. Laut COO Nicolas Roussy Newton zeigt diese Entwicklung das Engagement von BTQ für Innovationen in der Quantencomputing- und Blockchain-Technologie und konzentriert sich darauf, skalierbare, marktreife Lösungen zu schaffen, die mit globalen Nachhaltigkeitstrends übereinstimmen.
- Publication in prestigious peer-reviewed journal validates company's research and technology
- Innovative quantum-based solution addresses major industry challenge of energy consumption in blockchain
- Technology offers potential competitive advantage in blockchain security and efficiency
- Technology still in research phase with no immediate revenue impact
- Commercial viability and market adoption timeline unclear
- Prestigious Publication Acceptance: BTQ Technologies' research paper, "Proof-of-Work Consensus by Quantum Sampling," marks a significant milestone in advancing sustainable and quantum-secure blockchain technology. It has been accepted for publication in the highly respected, peer-reviewed journal Quantum Science and Technology, published by IOP Publishing.
- Rigorous Peer Review: The paper underwent an extensive peer-review process, affirming the quality, innovation, and significance of the proposed quantum-based Proof-of-Work (PoW) consensus method for blockchain technology.
- Research Overview: The paper introduces a novel approach using coarse-grained boson sampling (CGBS) to create a more efficient, energy-saving, and quantum-secure method for validating blockchain transactions, addressing limitations of traditional PoW systems.
The paper, co-authored by BTQ researchers, introduces a novel approach to use boson sampling to improve blockchain consensus. Blockchain consensus is the process that ensures all transactions are validated and recorded securely across a network. The proposed method uses coarse-grained boson sampling to perform these validations more efficiently while significantly reducing energy consumption compared to traditional methods."
Key Highlights:
- Innovative Technology: The research demonstrates how CGBS can enable a new type of Proof-of-Work (PoW) consensus, replacing energy-intensive calculations in traditional blockchain mining with efficient quantum processes. This innovation makes blockchain systems faster and more sustainable.
- Energy Efficiency: Unlike conventional PoW, which requires immense computational power and high energy consumption, this approach utilizes quantum hardware to complete mining tasks with minimal energy.
- Post-Quantum Security: The proposed approach is designed to resist attacks from quantum computers, ensuring long-term security for blockchain systems as technology evolves.
This research addresses a major challenge in blockchain technology: balancing security with sustainability. Traditional PoW systems, such as those used in Bitcoin, demand substantial energy to function. The quantum-powered alternative proposed in this paper offers a more eco-friendly solution without compromising security. Furthermore, it showcases a practical application for emerging quantum computing technology, marking a significant step toward its commercialization.
"This research reflects BTQ's commitment to driving innovation at the intersection of quantum computing and blockchain technology," said Nicolas Roussy Newton, COO of BTQ Technologies. "By introducing a sustainable and quantum-secure approach to consensus, we are tackling environmental challenges and ensuring the future viability of blockchain systems. This is crucial for maintaining trust and efficiency in decentralized networks."
This publication underscores BTQ's leadership in quantum technologies and highlights the Company's strategy to capitalize on emerging opportunities while mitigating risks in blockchain and cybersecurity. The research demonstrates BTQ's ability to translate cutting-edge science into scalable, market-ready solutions that align with global trends in sustainability and quantum readiness.
The publication underwent a rigorous peer-review process, underscoring the quality and impact of the work. It is available for open access on the Quantum Science and Technology website, ensuring wide dissemination to the global scientific and technology communities.
To read the full paper, visit: Quantum Science and Technology Journal.
About IOPscience
IOPscience is an online service for journal content published by IOP Publishing. IOPscience embraces innovative technologies to make it easier for researchers to access scientific, technical and medical content. For more information please visit https://iopscience.iop.org/
About BTQ
BTQ Technologies Corp. (CBOE CA: BTQ, FSE: NG3, OTCQX: BTQQF) was founded by a group of post-quantum security experts with an interest in addressing the urgent security threat posed by large-scale quantum computers. With the support of leading research institutes and universities, BTQ's extensive technology portfolio and commercialization platform is focused on accelerating quantum advantage.
Connect with BTQ: Website | LinkedIn
ON BEHALF OF THE BOARD OF DIRECTORS
Olivier Roussy Newton
CEO, Chairman
Neither Cboe Canada nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
Certain statements herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to the business plans of the Company, including with respect to its research partnerships, and anticipated markets in which the Company may be listing its common shares. Forward-looking statements or information often can be identified by the use of words such as "anticipate", "intend", "expect", "plan" or "may" and the variations of these words are intended to identify forward-looking statements and information.
The Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the development of post-quantum algorithms and quantum vulnerabilities, and the quantum computing industry generally. The foregoing list of assumptions is not exhaustive.
Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information are based on assumptions and involve known and unknown risks which may cause actual results to be materially different from any future results, expressed or implied, by such forward-looking statements or information. These factors include risks relating to: the availability of financing for the Company; business and economic conditions in the post-quantum and encryption computing industries generally; the speculative nature of the Company's research and development programs; the supply and demand for labour and technological post-quantum and encryption technology; unanticipated events related to regulatory and licensing matters and environmental matters; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting blockchains); risks related to the direct and indirect impact of COVID-19 including, but not limited to, its impact on general economic conditions, the ability to obtain financing as required, and causing potential delays to research and development activities; and other risk factors as detailed from time to time. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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