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MicroCloud Hologram will invest $400 million to upgrade the Bitcoin protocol to resist quantum attacks
Odaily Planet Daily News: Nasdaq-listed company MicroCloud Hologram announced it will invest $400 million to upgrade the Bitcoin protocol to withstand quantum attacks. The company plans to develop a post-quantum protocol based on a multi-layer hybrid encryption architecture on top of the existing Bitcoin transaction structure, introducing a parallel verification mechanism to verify both post-quantum signature algorithms and traditional signature algorithms. Under this framework, users can choose to use both ECDSA and post-quantum signature algorithms for dual signatures, thereby achieving security redundancy before quantum threats fully manifest. It is reported that this hybrid signing strategy not only strengthens the system’s attack resistance, but also provides sufficient transition time for network upgrades, avoiding systemic risk caused by an all-at-once replacement. (PRNewswire)