Blockchain
Quantum eMotion Files a Patent for Quantum-based Blockchain Wallet Under the Patent Cooperation Treaty (PCT)
Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) (“QeM” or the “Company”) is pleased to announce the submission of a PCT patent application for an innovative approach to operating Blockchain Wallet, harnessing the unmatched security provided by the QeM Quantum Random Number Generator (QRNG2).
Hardware wallets stand as robust physical fortresses, safeguarding the private keys essential for accessing and managing cryptocurrencies such as Bitcoin or Ethereum. By storing private keys offline, these devices fortify themselves against cyber threats and hacking attempts, presenting a notable advantage over internet-connected software wallets.
Cryptocurrency wallets, including blockchain wallets, heavily rely on large series of numbers known as keys. Various schemes exist for generating these keys, such as ND and HD, each with its own advantages and drawbacks. However, when providing a blockchain wallet to an unfamiliar user, adapting the key generation scheme to the user’s specific usage type becomes challenging, often resulting in mismatches between the key generation schemes and the users. Quantum eMotion’s technology addresses these challenges by offering a wallet that intelligently selects the key generation scheme based on a comparison of cost values of different key generation schemes. Furthermore, by leveraging Quantum eMotion’s QRNG technologies, a blockchain wallet that combines the benefits of true random number generation with intelligent key generation scheme selection can now be made accessible to consumers, offering an unprecedented level of functionality.
Quantum eMotion’s technology, developed in collaboration with Dr. Kaiwen Zhang at ETS (École de technologie supérieure, Montreal, Canada), is now patent pending globally. Specifically, the patent application has been submitted under the Patent Cooperation Treaty, with March 30, 2023, as the priority date. The Patent Cooperation Treaty serves as an international agreement enabling the reservation of international patent protection in over 150 member states for 30 months from the priority date. Consequently, Quantum eMotion’s international patent application for this technology will remain pending until September 30, 2025, following which the application process will continue nationally in selected countries and regions.
Francis Bellido, CEO of Quantum eMotion, commented, “The recent resurgence of interest in cryptocurrencies motivates us to deploy our patented technology, grounded in quantum electron tunneling, across blockchain applications. However, as cryptocurrencies regain popularity, ensuring their security remains of utmost importance.”
Source: finance.yahoo.com
The post Quantum eMotion Files a Patent for Quantum-based Blockchain Wallet Under the Patent Cooperation Treaty (PCT) appeared first on HIPTHER Alerts.
Blockchain
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Blockchain
MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase
MicroStrategy has increased its Bitcoin holdings to 214,400 BTC with a recent purchase of $7.8 million worth of the cryptocurrency. This move further solidifies MicroStrategy’s position as a major institutional holder of Bitcoin and demonstrates its continued bullish outlook on the digital asset.
MicroStrategy, a publicly traded business intelligence firm, has been actively accumulating Bitcoin as part of its treasury strategy, viewing the cryptocurrency as a long-term store of value and hedge against inflation. The recent purchase of $7.8 million worth of Bitcoin adds to the company’s already substantial holdings, reaffirming its confidence in the future potential of the digital currency.
MicroStrategy’s ongoing accumulation of Bitcoin reflects a broader trend of institutional adoption and investment in the cryptocurrency space. As more companies recognize the value proposition of Bitcoin as a hedge against economic uncertainty and fiat currency devaluation, they are increasingly allocating funds to acquire and hold the digital asset.
Overall, MicroStrategy’s decision to boost its Bitcoin holdings with a $7.8 million purchase underscores the company’s conviction in the long-term viability and potential of Bitcoin as a strategic asset. This move is likely to further encourage other institutions to explore Bitcoin as a component of their investment portfolios, driving continued growth and adoption in the cryptocurrency market.
Source: crypto.news
The post MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase appeared first on HIPTHER Alerts.
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