- SEALSQ Corp (NASDAQ: LAES) launches QS7001, a quantum-resistant cryptographic technology, to secure Bitcoin wallets from quantum threats.
- QS7001 uses CRYSTALS-Kyber and CRYSTALS-Dilithium, NIST-standardized algorithms, for quantum-resistant security.
- The solution offers a migration framework for blockchain developers with hybrid cryptography support.
SEALSQ Corp (NASDAQ: LAES), an innovator in semiconductor and post-quantum technology, has unveiled the QS7001 secure element. This new technology is designed to protect Bitcoin wallets from the emerging threats posed by quantum computing. The QS7001 integrates advanced post-quantum cryptographic (PQC) technology, representing a pivotal solution in the evolving landscape of blockchain security.
The QS7001 incorporates CRYSTALS-Kyber and CRYSTALS-Dilithium algorithms, which are standardized by the National Institute of Standards and Technology (NIST). These lattice-based algorithms provide robust protection against quantum attacks, thus safeguarding the $1+ trillion cryptocurrency market from potential security breaches.
SEALSQ offers a practical framework for Bitcoin wallet developers seeking to transition to this new technology. The company provides hybrid cryptography solutions that support both traditional elliptic curve digital signature algorithms (ECDSA) and modern quantum-resistant cryptography, ensuring a smooth migration path. Additionally, SEALSQ introduces quantum-safe address formats and key rotation tools to enhance security for blockchain applications.
With the launch of the QS7001, SEALSQ addresses critical vulnerabilities in Bitcoin's existing elliptic curve cryptography (ECC), which is potentially susceptible to attacks from increasingly sophisticated quantum computers. By embedding these PQC algorithms in a hardware-backed secure element, SEALSQ fortifies Bitcoin wallets with tamper-resistant security crucial for resource-constrained environments such as hardware wallets and IoT devices.
Carlos Moreira, CEO of SEALSQ, emphasized the importance of this innovation, stating, "Quantum computing poses a real threat to blockchain security, but SEALSQ is ahead of the curve. Our QS7001 secure element empowers the blockchain ecosystem to stay secure in a post-quantum world, reinforcing SEALSQ’s leadership in semiconductor-driven cybersecurity."
