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Cryptocurrency News Articles

Quantum Coin Announces Renaming Effort and Introduces Beta Version of Android Wallet

Oct 25, 2024 at 09:14 pm

Quantum Coin, formerly known as Doge Protocol, has announced a renaming effort that includes a new name for both the project and its community.

Quantum Coin Announces Renaming Effort and Introduces Beta Version of Android Wallet

Quantum Coin, formerly known as Doge Protocol, has announced a renaming effort. As part of this effort, the project is now officially called "Quantum Coin," while its community has adopted the name "Quantum Coin Community." The renaming reflects the project's evolving focus, which is now highlighted on the updated website at QuantumCoin.org.

Moreover, the Quantum Coin Community has announced the beta release of its Android Wallet, now available for both the Testnet T4 and the Mainnet. This follows the earlier release of desktop wallets for Windows, Mac, and Linux earlier this year, expanding Quantum Coin's accessibility to a broader user base.

As a blockchain project centered around post-quantum cryptography and smart contract capabilities, Quantum Coin's Mainnet, launched in December 2023, employs a hybrid cryptography model. This includes the use of algorithms such as ML-DSA, SLH-DSA, and ed25519 to secure user accounts, with SLH-DSA acting as a safeguard. The project also utilizes ML-KEM post-quantum cryptography to encrypt communication, further enhancing the security of transactions. These algorithms were recently standardized by the National Institute of Standards and Technology (NIST), making them relevant for defending against potential future quantum computing threats.

Currently operating on a proof-of-stake consensus mechanism, Quantum Coin plans to transition to a hybrid proof-of-work model in the future. This shift will be implemented once clean energy solutions become more accessible, allowing for a more energy-efficient blockchain.

The Quantum Coin community has also built upon the earlier releases of NodeJS SDKs, a block explorer, and node clients for Windows, Mac, and Linux. These tools aim to give developers and users more control and flexibility within the ecosystem.

As a community-driven project, Quantum Coin positions itself to address real-world challenges through its technology. The development and decision-making processes rely heavily on community involvement, and future plans include further product development and updates to the blockchain's capabilities.

For any media inquiries, please visit the project website at https://quantumcoin.org/.

About Community:

Quantum Coin is a blockchain project focused on integrating hybrid post-quantum cryptography with smart contracts. The community-driven project launched its Mainnet in December 2023, with ongoing developments in security and energy efficiency.

Original source:bignewsnetwork

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