Can Bitcoin Benefit From New ‘Impossible to Crack’ Encryption Chips?

A group of researchers claims that the prototype silicon chip that they developed allows encryption that is impossible to interrupt. According to a piece of writing published on Dec. 20 via clinical paper guide outlet Nature, the device makes use of chaotic wavepackets in conventional Silicon-based totally semiconductors.

The paper explains that conventional encryption standards — that cryptocurrencies rely upon — may want to quickly emerge as out of date because of tendencies in quantum computing.

It is extensively believed that quantum computers might have the ability to interrupt traditional encryption algorithms in a short time period. This is seen by many as a chief danger to cryptocurrencies.

In November Xinxin Fan, head of cryptography at privacy and IoT-centered blockchain platform IoTeX, stated that the crypto network have to paintings to cope with this hazard right away.

A new tackle an antique answer
The system predicted with the aid of the researchers is based on the idea of a one-time pad (OTP), patented with the aid of engineer Gilbert Vernam in 1919 after being conceived in 1882. OTPs are well-known due to the fact they can not be cracked, however require sharing one-time use keys the equal size or longer than the statistics being despatched earlier than it's miles despatched.

Despite the device’s security, OTPs aren't adopted because of the absence of a sensible and secure way to alternate the keys. However, the chip developed by using the researchers tries to make a practical OTP implementation, who claim to:

“Develop a physical realization of the OTP that is well matched with the prevailing optical communique infrastructure and gives unconditional protection inside the key distribution.”

The chips use traditional physics and the classical laws of physics, along with chaos concept and the second regulation of thermodynamics. The keys which can be used to decrypt the information are never stored or communicated with the message.