With the advent of quantum computing the ‘digital information’ is at a potential risk due to their high computation skills. In this vulnerable period Quantum1NET is a ray of hope to upgrade the obsolete RSA cryptography that we use currently. Not only RSA other form of encryptions are also not safe in the current scenario.(https://quantum1net.com/)
This is a big treat not only to the personal information but also to the nation security. HTTPs, credit card and debit card processing and other platform will be largely affected having large scale implications on the lives of people. This will disrupt the economic state and may lead to immediate crisis as all the banking system is more or less online these days.
Addressing such key issue Quantum1NET is providing the solution to this critical problem. They are constructing a quantum based data transmission platform which will counter such attacks as this platform is itself based on quantum computing and is generating keys that cannot be hacked by quantum computing technology.
Amidst digital revolution the online security is the primary concern and this ICO will introduce a new era of security.
Why is Quantum1NET claiming to be the future of encryption services ?
The claims made by Quantum1NET are supported by their substantial work in the field of encryption especially their quantum encryption key generator (QEKG). This key generator is much more efficient and secure key generator as compared to the contemporary generator deployed by the RSA system which is pseudo-random and cannot be predicted easily with advanced quantum computing power.
The main threat in this era of ‘supercomputers’ is quantum computing. The RSA relies on prime-factorization of large numbers as a method for data encryption and quantum computers can easily predict the next set of value by ‘observing’ a large sample size of keys.
The quantum computers are technologically more advanced as they do not rely on discreet bits (0 or 1) values to store data. They can exist in multiple states at a time to store information and that leads to faster calculations and less consumption of power and hence are very cost effective.
This Quantum1NET technology is needed as a ‘prophylactic measure’ to keep the data safe from hackers and stalwarts working everyday to break the old encryption codes.
(https://quantum1net.com/)
Quantum1NET technology and ISO
The Quantum number generator is already in the developing phase and this Quantum1NET’s prototype will generate entirely random numbers. This generator uses optical devices to produce a real time encryption and decryption system.
The company to planning to raise funds through two phases one is silver token sale (without the key encryption) and the next phase will be gold token sale (with key encryption).
The first ICO will be an ethereum ICO and the next ICO will be a bitcoin ICO (2018). The global Quantum1NET is planned to be the first quarter of 2019 which is a pretty realistic goal as the team is already working towards their goal since 2014. The authenticity of the project can be confirmed by the laboratory prototype shown in their white paper. The ICO funds will be used by the company to build a development team which will empower and hasten the process of building Quantum1NET.
The silver token holders will be offered an exclusive restricted gold token sale where they can convert their silver tokens to gold token (at 20% discount). For other people who do not hold the silver coins already the company is planning to have an independent offering later.
The developers of the project are offering convertible tokens initially so that the buyers do not have to wait patiently for long rather they can easily convert them into gold tokens which will be quantum encrypted hence will become the “proof-of-work”
data source: (https://quantum1net.com/Q1N%20white%20paper.pdf).
Cap of silver coins = €15 million; Date = February 2018
Cap of restricted gold sale = €18 million; Date = July 2018
Cap of open gold sale = €200 million; Date = January 2018
Why to invest in Quantum1NET and what are the potential risks?
The project CEO Mattias Bergstrom is a well known name in the tech industry with 20 years of experience and has over 60 patents under his name. The CTO of the company Stan Miasnikov has over 25 years of experience and has worked with LLC (to develop quantum computing) and hence knows the risks and threats of a quantum computer.
The only risk attached to the project is that they are protecting against something which ‘looks’ far away from human reach(quantum computers) but as they say prevention is better than cure and hence this ICO is the clarion call. It is definitely the future of encryption and protection against something that will surely pose a big problem if definite measures are not taken.
Website: (https://quantum1net.com/)
Whitepaper: (https://quantum1net.com/Q1N%20white%20paper.pdf)
Official Twitter: (https://twitter.com/quantum1net)
YouTube Channel: (https://www.youtube.com/channel/UCuoxA6BGOOVNdwef3eHMKoA)
Participate in the ICO > (https://quantum1net.com/)