Engineers from Crown Sterling will soon launch the company’s own One-Time Pad encryption technology and cryptocurrency. The Crown Sterling’s OTP technology will make tokens secure from the growing and specialized capabilities of quantum computers. This is while they are also addressing issues on scalable use cases.
One-Time Pads
The encryption methods that secure digital assets like Bitcoin are becoming increasingly vulnerable to quantum hackers. This is the result of quantum computing becoming more prevalent nowadays. Because of this, it is wise for users to become more careful with the data they provide. It could be on online websites or trading platforms.
One-Time Pads are popular for the absolute security it gives to codes and data such as crypto tokens. It is important to take note that this is possible only when networks use the OTPs rightly.
In addition, despite the security it provides, there is still an issue that cryptographers wish to solve when utilizing OTPs. Based on user observations, traders do not see it practical to use OTP for scalable use cases. It is due to the size of the security keys. Moreover, the OTP technology has difficulty coping with the size that both data and encryption codes require.
Crown Sterling
The Crown Sterling, which is based in the United States and founded by Robert E. Grant targets to deliver its audience with the future generation of cryptography. They will accomplish this by supplying encryption products and number generators to their users.
Moreover, the Crown Sterling with its team of mathematicians is designing developer tools and cutting-edge encryption products. They hope that these would change the standard of crypto-asset security. They also intend to do so using non-integer-based methods such as the company’s own One-Time Pad encryption, a quantum-proof digital asset, and a crypto wallet that will work with the crypto coin. The company will call these three the CrownEncryptOTPTM, the Crown Sovereign (CSOV) and the Crown Sterling Wallet, respectively.
They will design the CrownEncryptOTPTM as the encryption protocol of the Crown Sovereign cryptocurrency. Furthermore, Crown Sterling hopes that in designing the CrownEncryptOTPTM, they will be able to solve the issues present in the outdated OTP.
In addition, if successfully developed as data storage and delivery intermediate, Crown Sovereign (CSOV) will achieve an ever-resilient value. On the other hand, their plan for the Crown Sterling Wallet is to have a platform in which users can expand for encrypting, storing, and transmitting data securely from quantum computers.
The Crown Sovereign (CSOV)
With relation to the Polkadot blockchain, the cryptographers will construct the Crown Sterling blockchain using the RUST programming language. Furthermore, they target it to become independent from the Polkadot consensus process.
Crown Sovereign will use the Proof-of-Stake (POS) consensus which aims for a 6-second block time for each Crown Sterling block. CrownEncryptOTPTM will serve as a protection for the privacy the privacy of the sensitive data belonging to the users.
