Researcher | Crypto

A proposed workaround could enable quantum-resistant Bitcoin transactions without a protocol change, but high compute costs limit real-world use. A Bitcoin researcher has come up with a way that could immediately make Bitcoin transactions quantum-safe without the need for a soft fork.  In a proposal published Thursday, StarkWare chief product officer Avihu Levy proposed a Quantum Safe Bitcoin (QSB) transaction scheme that he said would remain secure “even against an adversary with a large-scale quantum computer running Shor’s algorithm.”  He added that the plan requires no changes to the Bitcoin protocol and operates entirely within the existing legacy script constraints. The downside is that it is costly and likely is not useful for everyday transactions, he said.  Read more

Security researcher Taylor Monahan listed at least 40 decentralized finance platforms she claims have been infiltrated by North Korean IT workers at some stage of their lives. North Korean IT workers have been embedding themselves in crypto companies and decentralized finance projects for at least seven years, according to a cybersecurity analyst. “Lots of DPRK IT workers built the protocols you know and love, all the way back to DeFi summer,” said MetaMask developer and security researcher Taylor Monahan on Sunday.  Monahan claimed that over 40 DeFi platforms, some being well-known names, have had North Korean IT workers working on their protocols. Read more