Why is the ozone chain necessary?
Ozone Chain is the ideal platform for developing secure solutions to complex global problems using blockchain technology. Health care, banking, financial institutions, education and many more can benefit immensely through the ozone chain. OZONE Chain is essentially a secure decentralized ledger where you can mint smart contract formats, tokens and NFTs. It also has many other features including generating decentralized applications like De-Fi, DAO’s as well as generating play-to-earn games. But dozens of such blockchains are within our reach, so why is Ozone Chain special? Ozone Chain is a quantum blockchain that uses Ozone Chain bleeding edge technology with the highest possible security to protect its digital assets. To do this, they come up with a quantum random number generator and features post-quantum cryptography.
Ozone Chain is a platform that will facilitate peer-to-peer communication, smart contracts and applications through its own coin called OZO. The primary objective of OZO is to simplify and monetize the work of the Ozone chain to enable developers to build and run applications.
Why is a quantum resistant blockchain needed now?
The aggressive impact of quantum computing poses a threat to the cryptography and hashing processes widely used in blockchains today.
A statistic from NIST suggests that technology capable of quantum computers overtaking the current 2048-bit RSA system will arrive by 2030.
Current blockchain solutions use pseudo-random numbers (PRN) for their encryption processes. PRN is basically made up of algorithms which are actually non-random numbers, not random but predictable.
Ozone Chain uses a laser-based quantum source to generate randomness for its cryptography, hashing and digital signatures.
Ozone Chain uses Proof-of-Authority (PoA) as a consensus method that allows a small and designated group of blockchain users to verify transactions or interact with the network and update its more or less distributed registry.
Ozone Chain plans to focus on improving blockchain security in two key areas
1. Post Quantum Cryptography (PQC)
Ozone Chain’s network layer uses quantum communication and quantum computation to secure the transmission of data in addition to performing various cryptographic functions.
This encrypted communication channel or the data intercepted from it is immune to even future quantum computer attacks.
2. Quantum Random Number (QRN)
Current blockchain solutions use pseudo-random numbers (PRN) to perform cryptographic functions such as hashing, encryption, and digital signatures. They use mathematical algorithms to generate numbers that look random but can be figured out if you know all the inputs and processes.
Ozone chain community
White Paper: https://whitepaper.ozonechain.io/