SEALSQ (LAES, Financial) has introduced cutting-edge post-quantum cryptography designed to secure Bitcoin wallets against future threats from quantum computing. The company's advanced QS7001 secure element now incorporates this technology, marking a pivotal move towards safeguarding blockchain assets in the imminent quantum era.
Bitcoin wallets typically use elliptic curve cryptography, specifically the secp256k1 curve, for creating public and private keys. While this method is secure against traditional threats, quantum computers could exploit Shor’s algorithm to deduce private keys from public ones, jeopardizing wallets when addresses are reused or during transaction broadcasts. This development poses a significant risk to the stability of decentralized finance as quantum technology progresses.
To counteract these vulnerabilities, SEALSQ employs a powerful post-quantum cryptographic stack built on the CRYSTALS-Kyber and CRYSTALS-Dilithium algorithms. Standardized by NIST, these lattice-based algorithms provide robust defenses against quantum attacks, ensuring secure communications with forward secrecy and unforgeable signatures.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for SEALSQ Corp (LAES, Financial) is $6.00 with a high estimate of $6.00 and a low estimate of $6.00. The average target implies an upside of 82.37% from the current price of $3.29. More detailed estimate data can be found on the SEALSQ Corp (LAES) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, SEALSQ Corp's (LAES, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
