Blockchain technology is at the forefront in innovation. There are new methods to use this distributed ledger technology for traditional business. Conventional blockchains have a key characteristic: any entity can verify the authenticity of the ledger using the exact same algorithm used to create it.
What is quantum-safe blockchain?
Quantum computers are capable of running algorithms much faster than conventional computers. They can break almost all cryptographic algorithms. Attackers with a quantum computer might be able to break into any system that uses today’s encryption algorithms and cannot evolve in time.
Post-Quantum Blockchain, the next generation of blockchain technology, leverages the power of cryptography post-quantum to make sure data is safe and secure. Users can trust the security and integrity of their data.
Post-quantum encryption is more secure than existing blockchains that rely on pre quantum RSA.
What is the reason why modern blockchain has a poor infrastructure?
The security and scalability are two aspects of blockchain that must be considered when executing smart contracts. Here comes the impossible trinity into play which says that every blockchain network is constrained by this popularly known Scalability Trilemma – scalability, security, and decentralization. The theory is that blockchain networks are trying to maximize one factor while sacrificing the other two. Eg. For example, if a blockchain network is focused on increasing scaleability then security and decentralization are affected.
Many Tier 1 blockchains such as Solana and Polygon have been affected by this situation. Recently, the RPC nodes were overwhelmed due to a surge in transactions. Multiple transactions are canceled. The network then jams.
Multiple projects built using these blockchains have also crashed as a result. The issue with current blockchain appears to have been caused by too many transactions being processed at once—about 400,000 in total. Solana’s (SOL) average transaction processing rate is 65,000 per second. This led to network congestion and eventual crash.
Most recently, Solana mainnet beta fell out of consensus and the validator network couldn’t recover. The botting of the Candy Machine NFT mining tool was the main reason. There were 4 million transactions and 100 gigabits data per second, which is an all-time high.
Here’s how blockchain’s scalability issue affects investors and traders
It can lead to losses or delays in transactions and this has a major impact on traders, investors and gamers who use the blockchain network. The congestion could cause problems for projects trying to develop further on blockchain. This can easily result in the project’s failure.
Global adoption will need to address this type of scaling issue. This is why many traders experience network fee slippage problems due to insufficient infrastructure. A future-proof solution must be equally compatible with post-quantum and classical cryptography.
Cellframe’s technology grouping transactions in cells was created to accomplish this objective. Layer 1 verifies each cell instead of verifying every transaction. The network only needs to verify one cell, instead of 100 transactions.
Addressing the future of post-quantum computations, Cellframe promotes itself as a blockchain-agnostic platform (“Layer Zero”) that can interact with Bitcoin (BTC), Ethereum (ETH) and so on. This design opens up unmatched possibilities in terms of accessibility and scalability.
All associated decentralized apps (dApps), DeFis and NFT marketplaces have the same level or scalability as Cellframe. New “Cell Chains” can be added to this architecture again and again. They function in the same way as shards from NEAR Protocol and Ethereum 2.0 within the ecosystem. In the case of an attack, each element can easily be isolated.
As the base, supersingular curves are used. These algorithms are available for public key communication and can be implemented on the network. This system boasts an unrivalled bandwidth, incredible flexibility, and unparalleled scalability.
Creators of cells can mitigate scalability issues by launching additional “cells” on the same infrastructure. Different systems allow cells to be combined into different use cases. Cellframe tools are ideal for retail and entrepreneurial use.