Zeus Network Introduces Innovative Quantum-Resistant Cryptocurrency Storage

The basic principle of Winternitz Vault is to use a key pair for each transaction, which allows you to create a split storage with two accounts. When a transfer is made to the first account, a signature is generated with the amount to be transferred, and the remaining funds are sent to the second account. After the transaction is completed, the old storage is closed, and a new one is created for each new transaction, thereby guaranteeing the protection of keys and the confidentiality of the client's funds.

Dean Little, Chief Scientist of Zeus Network, noted that this approach not only enhances security, but also reduces the likelihood of hacking, providing maximum protection of user assets from external threats. Thus, the funds in the client's account remain completely protected.

The innovative nature of the Winternitz Vault solution is that a new vault is created with each transfer, making it impossible to reveal keys and access funds for a long time. This solution is becoming an important step in ensuring the security of cryptocurrency transactions, especially in light of the emergence of new threats associated with the development of quantum technologies. Not long ago, Charles Edwards, the founder of Capriole Investments, expressed the opinion that the Bitcoin blockchain should update its cryptography to withstand possible attacks by quantum computers. The new solution from Zeus Network is aimed at solving this problem, offering more secure methods of storing cryptocurrencies that can withstand attacks using quantum computing.