- Quantum eMotion (TSXV:QNC) is sharing unprecedented results from its quantum-based hardware wallet for cryptocurrency transactions
- Recent studies show the wallet reduces the risk of monetary loss by up to 98 per cent compared to conventional hierarchical deterministic wallets
- Quantum eMotion specializes in classical and quantum cybersecurity solutions
- Quantum eMotion stock has added 1,760 per cent year-over-year and 365 per cent since 2020
Quantum eMotion (TSXV:QNC) is sharing unprecedented results from its quantum-based hardware wallet for cryptocurrency transactions leveraging deep-learning algorithms, intelligent key generation and its proprietary Quantum Random Number Generation technology.
Recent studies – including an article published in Springer Nature – demonstrate the wallet to reduce the risk of monetary loss by up to 98 per cent compared to conventional hierarchical deterministic wallets.
According to Wednesday’s news release, the innovation also reduces costs by reusing hardware for generating both parent and child keys and offers a reset mechanism for protection against attacks and privilege escalation, which consists of regenerating master private keys with new quantum random numbers.
The milestone follows a spat with Terranova Defense Solutions after the latter publicly criticized the company’s technology in a since-deleted blog post. Quantum eMotion has taken ongoing legal action to resolve the dispute.
Leadership insights
“Our QaaS wallet represents a significant leap forward in blockchain security and usability,” Francis Bellido, Quantum eMotion’s chief executive officer, said in a statement. “By combining quantum technology with intelligent system design, we are setting new standards for protecting digital assets.”
About Quantum eMotion
Quantum eMotion specializes in classical and quantum cybersecurity solutions. The company’s offerings are based on its patented Quantum Random Number Generator, which exploits the unpredictability of quantum mechanics to protect high-value assets and critical systems.
Quantum eMotion stock (TSXV:QNC) is up by 1.09 per cent trading at C$0.93 per share as of 11:00 am ET. The stock has added 1,760 per cent year-over-year and 365 per cent since 2020.
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(Top photo of Quantum eMotion’s digital asset hardware wallet prototype: Quantum eMotion)