Naoris | Crypto

Naoris Protocol has launched a post-quantum layer-1 blockchain designed to protect transactions against future cryptographic vulnerabilities. Naoris Protocol has launched its mainnet, introducing a layer-1 blockchain designed to use post-quantum cryptography for transaction validation and network security. The network is live with limited, invite-only participation, allowing early users to run validator nodes and process transactions. According to an announcement shared with Cointelegraph, it integrates cryptographic standards finalized by the National Institute of Standards and Technology (NIST) to address risks in existing blockchains, where current encryption methods could become vulnerable over time. Before mainnet, the protocol’s test network processed more than 100 million transactions and identified hundreds of millions of potential threats, according to the project, with activity spanning millions of wallets and nodes. Read more

Naoris has launched a $120,000 bounty incentivising researchers to break key cryptographic algorithms underpinning Bitcoin, Ethereum and Solana. Naoris, a cybersecurity firm focused on safeguarding digital assets from quantum computing threats, is offering bounties to anyone who can break the encryption algorithms that secure major blockchain networks. In an announcement shared with Cointelegraph on Thursday, Naoris said it has set a bounty of $120,000 — equivalent to approximately one Bitcoin (BTC) — for successfully compromising key cryptographic algorithms used in the crypto industry. The largest bounty, $50,000, is for anyone who can break secp256k1, the cryptographic standard that underpins Bitcoin, Ethereum and many other protocols. A $30,000 reward is available for breaking Ed25519, which is used by Solana, as well as encrypted messaging services like Signal and WhatsApp. Read more