QuFi Network Launches Post-Quantum Verification Platform for Bitcoin
- QuFi Network has introduced a verification platform to safeguard digital assets from quantum computing threats without altering existing blockchain networks.
- The platform uses a decentralized node network and post-quantum cryptography to validate transactions before settlement.
- QuFi’s proof-of-concept, uBTC, operates on the Bitcoin Testnet4 and verifies BTC collateral while generating cryptographic proofs for value movement.
- It employs three post-quantum standards—ML-DSA-65, SLH-DSA, and ML-KEM-1024—for secure key exchange and digital signatures.
- In August, StarkWare tested a quantum-resistant Bitcoin transaction that cost between $150-$200 and required hours of computation.
The launch of QuFi’s platform comes as blockchain networks ramp up defenses against potential quantum threats, with various entities testing post-quantum technologies like ML-DSA-65 for wallets and transfers.
This development is significant as it addresses the growing concern over quantum computing’s impact on cryptocurrencies, exemplified by StarkWare’s recent Bitcoin transaction test costing up to $200.
