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Sealsq Corp (LAES) unveils security enhancement for crypto wallets
SEALSQ Corp (Nasdaq: LAES) today announced the integration of an advanced crypto wallet feature designed to protect Bitcoin wallets from potential quantum computing threats. This state-of-the-art feature enhances the protection of the 12-word seed phrase, which is critical to the security of any Bitcoin wallet with 128 bits of entropy. For more information visit: https://www.sealsq.com/about/research-innovation/quantum-proof-cryptography.
As technology rapidly advances, the crypto community has raised concerns about quantum computing’s future abilities to decode these crucial seed phrases, posing a serious risk to the Bitcoin protocol. SEALSQ is aware of this potential threat and emphasizes the importance of advancing our understanding and implementation of wallet signature security. This involves both theoretical research and practical application through the use of browser wallet security extensions.
Cryptocurrency transactions are inherently secure thanks to blockchain technology, yet they remain a target for cybercriminals adept at developing schemes to extract wallet keyphrases. To counteract these efforts, SEALSQ partnered with its parent company WISeKey International Holding Ltd. (“WISeKey”) (WIHN, NASDAQ: WKEY) developed a proof of technology for a crypto wallet on the Hedera blockchain. This collaboration aims to increase user convenience by merging public key infrastructure (PKI) signatures with biometric authentication, eliminating the reliance on manually managed seed phrases.
The Proof of Technology initiative will explore integrating seed phrase generation into WISeKey’s public key infrastructure. Aligning seed phrase generation with users’ biometric signatures eliminates the need to manually remember and manage seed phrases, significantly increasing security and user convenience.
WISeKey’s public key infrastructure represents a robust authentication framework that combines the strengths of biometric authentication with PKI digital signature technology, providing unmatched levels of security and ease of use. In the rapidly evolving landscape of quantum computing, SEALSQ is at the forefront of innovation with its introduction of post-quantum semiconductors. These cutting-edge chips are designed to significantly improve security, identification and data processing capabilities, ensuring a leap forward in artificial intelligence (AI) performance, security and efficiency.
SEALSQ’s portfolio, which includes semiconductors, secure elements, roots of trust, cryptographic keys and hardware security modules, demonstrates an unwavering commitment to technological advancement and security. These innovations are critical at a time when the AI divide is becoming more pronounced and the need for robust, quantum-resilient technologies has never been more important.
Demand for post-quantum semiconductor technologies is increasing across various sectors, including fintech, defense, space exploration and more. This growth is further supported by government initiatives and the contributions of key market participants.
As the digital landscape continues to evolve, SEALSQ and WISeKey are at the forefront of developing technologies that ensure the security and sovereignty of digital identities and assets. This latest innovation not only addresses current security challenges, but also anticipates future threats and ensures that users’ digital assets remain secure in an ever-changing technological environment.
For more information about this revolutionary security feature and to download your digital identity, visit https://www.wiseid.com.
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