The University of Colorado has created a random number generator for blockchain data protection
Scientists at the University of Colorado Boulder have developed a new technology for generating hack-resistant random numbers called CURBy to secure cryptocurrency transactions and blockchain data.
According to a statement from the U.S. National Institute of Standards and Technology (NIST), the CURBy system (Colorado University Randomness Beacon) generates random numbers based on the polarization of entangled photons and hash chains similar to those in a blockchain.
For the crypto industry, CURBy opens new possibilities for protecting transactions and smart contracts from quantum attacks. In particular, the system provides public verification of random numbers, making it promising for cryptocurrency protocols where randomness is crucial. For example, for cryptographic protection of digital wallets, transactions, staking, lotteries, and airdrops.
The new technology could address the vulnerability of blockchain to quantum computers, which, according to scientists, are expected to soon be able to break traditional cryptographic algorithms used by Bitcoin and Ethereum.