Quantum Coin Changes Name and Launches Android Wallet with Post-Quantum Cryptography

Tallinn, Estonia, 24th Oct 2024, Grand Newswire - Quantum Coin, formerly known as Doge Protocol, has announced a renaming effort that includes a new name for both the project and its community. The project is now known as "Quantum Coin," while the community has adopted the name "Quantum Coin Community." This renaming reflects the project's evolving focus, and the updated website, QuantumCoin.org, now reflects these changes.

In addition to the renaming, the Quantum Coin Community has introduced the beta version of its Android Wallet, which is now available for both the Testnet T4 and the Mainnet. Earlier this year, desktop wallets for Windows, Mac, and Linux were released, expanding the accessibility of Quantum Coin to a wider range of users.

Quantum Coin stands out as a blockchain project with a focus on post-quantum cryptography and smart contract capabilities. Its Mainnet, which launched in December 2023, incorporates 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 employs 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, Quantum Coin operates on a proof-of-stake consensus mechanism but 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 continues to build on its initial technology releases, which included 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.

Users can visit the project website https://quantumcoin.org/ for any media inquiries.

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.