The post Solana Powers Up with Quantum Security and Phantom Wallet Innovation appeared on BitcoinEthereumNews.com.
Solana is pushing blockchain innovation with its quantum-resistant Winternitz Vault, designed to safeguard funds from future quantum threats. Alongside, Phantom wallet focuses on enhancing user experience, simplifying token discovery, and strengthening the Solana ecosystem. Solana Introduces Quantum-Resistant Vault The Winternitz Vault is a quantum-resistant solution for keeping blockchain users safe from emerging threats of quantum computing. Winternitz One-Time Signatures (WOTS) are used in this cryptographic vault to ensure that funds are safe even from a quantum attack. Quantum resistance has been achieved internally.https://t.co/O2wgya5ZDZ — Dean 利迪恩 (🍍,🧋) | sbpf/acc (@deanmlittle) January 3, 2025 The feature is designed to address a critical blockchain vulnerability. Signing transactions, users expose their public keys. It makes them vulnerable to reverse engineering their private keys by the attackers. The vault further reduces the risk of its compromise by generating fresh cryptographic keys for every very transaction. – Advertisement – This comes as an optional feature. Users can opt in for quantum-resistant security of their funds without having to upgrade the network. How Quantum Resistance Works Traditional cryptographic systems face a grave threat from quantum computing. Theoretically, powerful quantum computers could exploit this to crack encryption. They can work out private keys from public keys that have been spilled in this way. This would of course put digital assets in even greater peril. In response to this, Solana’s Winternitz vault generates 32 private scalars, hashes each one 256 times. It only stores the final hash as the public key. When a transaction is complete, the vault closes and generates a new set of keys. They are almost impossible for an attacker to crack and compromise previously exposed keys. This experience is similar to only having a new credit card for each transaction, thereby guarding against any one transaction putting the rest at risk. Solana was pioneering…