8th November 2023 Digital Bytes

Quantum proof of work: can it keep blockchain quantum safe?- quantum computers leverage quantum physics for ultra-efficient data processing. Quantum proof of work (QPW) is a blockchain security approach combining quantum-resistant cryptography and proof of work consensus. Key components include hash-based functions, quantum-resistant cryptography and post-quantum digital signatures. QPW provides enhanced security, continuity and decentralization but challenges include potential impacts on performance and standardization. It is a critical solution since quantum computing poses a growing threat to blockchain security.

What is next for NFTs? - amidst the devaluation of 95% of NFT collections, the future of NFTs hinges on their transformation from speculative novelties to practical tools. To thrive, they must offer real-world utility beyond collectability - potentially serving as loyalty rewards, academic certificates, real estate management tools, event passes, and more. NFTs can redefine…