MicroAlgo Inc. (MLGO) (the "Company" or "MicroAlgo"), today announced the quantum shield distributed ledger technology (QSDLT), designed to provide a stronger, more secure foundation for Bitcoin and other cryptocurrency systems.

In traditional blockchain systems, security relies heavily on cryptographic algorithms based on public key cyphers. However, the emergence of quantum computers threatens this system. Quantum computers can solve problems in a relatively short period of time that current conventional computers cannot handle, including some widely used cryptographic algorithms.

Specifically, the emergence of quantum computers could crack current systems based on RSA and elliptic curve encryption algorithms. This means that private keys and transaction data could be easily accessed by quantum computers, jeopardizing the security of the entire blockchain system. To counter this threat, the research and development of QSDLT have become particularly urgent.

To protect the Bitcoin system from the threat of quantum computers, MicroAlgo Inc.'s QSDLT was created as an innovative solution. The goal of QSDLT is to build a strong shield for the Bitcoin system by integrating quantum security, which is not just a simple upgrade to the traditional blockchain system, but a revolutionary change to the entire cryptocurrency ecosystem.

MicroAlgo Inc.'s QSDLT employs a series of advanced cryptographic algorithms, particularly those that combat quantum algorithms, to ensure that Bitcoin transactions and user identities are fully protected. Its core is to provide a security framework that is resistant to quantum computing threats, incorporating quantum security into DLT to provide stronger protection for Bitcoin and other cryptocurrencies. Its design principles include countering attacks from quantum algorithms, achieving invariance, reducing transaction costs, enabling decentralization and increasing transparency. The introduction of this technology marks the next stage in the evolution of the Bitcoin system.

Anti-quantum algorithm defence mechanism: One of the core aspects of MicroAlgo Inc.'s QSDLT is its robust anti-quantum algorithm defence mechanism. Cryptographic algorithms used in traditional blockchain systems, such as RSA and elliptic curve encryption algorithms, may be threatened by quantum computer attacks in the future. To address this challenge, QSDLT employs well-thought-out cryptographic algorithms that are more resilient to quantum computer attacks. This ensures that QSDLT will be able to keep Bitcoin transactions secure and tamper-proof in the face of the rise of quantum computers.

Invariance and transparency: QSDLT focuses on maintaining the invariance of the blockchain, meaning that once a transaction is confirmed and added to the blockchain, it cannot be tampered with. This is one of the fundamental characteristics of the blockchain and is critical to ensuring the trustworthiness of the Bitcoin system. Meanwhile, MicroAlgo Inc.'s QSDLT promotes transparency through the decentralized nature of the blockchain. Every participant is able to view and verify the history of transactions, thus enhancing overall traceability and openness.

Post-quantum distributed ledger technology (PQDLT): MicroAlgo Inc.'s QSDLT technology focuses not only on anti-quantum algorithm defense, but also places itself in a broader technological context to form PQDLT. this denotes the convergence of QSDLT with innovations in the fields of machine learning, deep learning, 6G, and the quantum internet, laying the groundwork for the future of the digital economy. The concept of PQDLT aims to achieve comprehensive security for the Bitcoin system and to facilitate the development of a digital financial system.

Reduced costs: QSDLT effectively reduces the cost of Bitcoin transactions by employing carefully optimized algorithms and technologies. This feature not only makes the Bitcoin network more accessible, but also provides a lower barrier to participation in Bitcoin transactions for a broader group of users. Lowering the cost will help facilitate mass adoption of Bitcoin and drive broader adoption in the digital currency space.

Highly scalable: MicroAlgo Inc.'s QSDLT is highly scalable with future growth needs in mind in its basic concept. This allows QSDLT to adapt to the increasing size of the Bitcoin network's user base and to be flexible enough to meet the growing demands of digital finance. High scalability is one of the key factors that make QSDLT a trusted infrastructure.

MicroAlgo Inc.'s QSDLT is more than a simple upgrade to the traditional blockchain. It is an update to combat the threat of quantum computing. Its key features, including anti-quantum algorithmic defence mechanisms, invariance and transparency, cost reduction, PQDLT, and high scalability, combine to create a robust and flexible security framework.

MicroAlgo Inc.'s QSDLT provides the Bitcoin system with a robust defence against quantum algorithms with its strong anti-quantum algorithmic capabilities, making transactions secure and tamper-proof. At the same time, QSDLT maintains the basic principles of the blockchain, enhancing overall trustworthiness through invariance and transparency. Reduced transaction costs make the Bitcoin network more attractive, further driving mass adoption of the digital currency. As the threat of quantum computing emerges, the emergence of MicroAlgo Inc.'s QSDLT marks the dawn of a new era of Bitcoin security. The basic concepts and key features of QSDLT present a blueprint for the future of digital finance, an innovation that will open up more possibilities for the digital economy, ensure that Bitcoin and other cryptocurrency systems remain secure and trustworthy in the quantum era, and lead the way for a vibrant future of digital finance. the future of digital finance.

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MicroAlgo Developed QSDLT to Provide a More Secure Foundation for Bitcoin and Other Cryptocurrency Systems By ... - Investing.com

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South Korea has announced that high-ranking public officials will be required to disclose their cryptocurrency holdings starting next year.

In a Wednesdaypress release, the countrys personnel ministry said this proactive approach is intended to address potential conflicts of interest and promote integrity within the public sector.

The decision comes amidst the growing popularity and adoption of cryptocurrencies in South Korea, where digital assets have gained significant traction among both retail and institutional investors.

By mandating disclosure of cryptocurrency holdings, the government aims to ensure that public officials maintain the highest ethical standards and avoid any potential conflicts that may arise from their involvement in the crypto market.

The new requirement will apply to high-ranking officials across various government agencies and departments.

These officials will be obligated to report their cryptocurrency holdings, including details of the assets they own and the respective amounts.

The move is part of the governments broader efforts to strengthen regulatory oversight of the cryptocurrency industry and promote transparency in the public sector.

With the implementation of the licensing regime for VA trading platforms from June this year, the legislative proposal to regulate FRS is another important measure facilitating Web3 ecosystem development in Hong Kong, the Secretary for Financial Services and the Treasury, Christopher Hui, said.

South Koreas decision to mandate disclosure of cryptocurrency holdings reflects a growing global trend of increased regulatory scrutiny surrounding digital assets.

As cryptocurrencies continue to gain mainstream acceptance, governments worldwide are taking steps to ensure the proper regulation and oversight of this evolving financial landscape.

Likewise, Back in 2020, the Financial Action Task Force introduced the Travel Rule, formally known as FATF Recommendation #16, which orders virtual asset service providers (VASPs) to share the information of the originators and beneficiaries of crypto transactions that exceed a certain threshold.

A number of jurisdictions have made insufficient progress on implementing the Travel Rule.

In a move to align the countrys legal framework with the global standards of the FATF,Japans cabinet implementedtougher AML regulations in May, requiring the tracking of all cryptocurrency transactions.

One significant element of this revised framework is enforcing the travel rule.

Financial institutions must now disclose information on customers who conduct crypto asset transactions, such as their names and addresses. This ensures full disclosure of customer information between financial institutions.

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South Korea to Mandate High-Ranking Public Officials to Disclose Cryptocurrency Holdings by Next Year - Cryptonews

The cryptocurrency market has witnessed a resurgence in recent weeks, fueled by increased capital inflow and the anticipation of a spot Bitcoin Exchange Traded Fund (ETF) receiving approval from the U.S. Securities and Exchange Commission (SEC). The potential approval of a Bitcoin ETF is expected to have a significant impact on the market, with institutions like BlackRock submitting filings to launch spot Bitcoin ETFs. Experts predict that these ETFs could drive Bitcoins price up to $125,000 by December 2024. Additionally, the impending Bitcoin halving and growing interest in Ethereum ETF filings are expected to contribute to a surge in Bitcoins price.

In recent weeks, the cryptocurrency market has witnessed a resurgence in capital inflow, igniting renewed enthusiasm among investors. The surge in trading volumes and the attainment of annual highs by major cryptocurrencies have contributed to this newfound optimism. The focal point of this resurgence revolves around the anticipation of a spot Bitcoin Exchange Traded Fund (ETF) receiving approval from the U.S. Securities and Exchange Commission (SEC). While previous discussions centered on whether such approval would materialize, a shift in the SECs stance has now led to speculations about when, rather than if, the market can expect this approval.

Prominent institutional players like BlackRock have submitted filings to launch spot Bitcoin ETFs, which could drive Bitcoins price up to $125,000 by December 2024. Standard Chartered Bank predicts that the swift arrival of spot Bitcoin ETFs will lead to a surge in Bitcoins price and also benefit Ethereum. Matrixport believes that the impending Bitcoin halving and anticipated interest rate cuts in the United States will contribute to the price surge. Matrixport has also identified growing concerns about the U.S. debt-to-GDP ratio as a potential driver for investors to turn to Bitcoin as a store of value. Currently, Bitcoin has the largest market capitalization in the cryptocurrency market.

Retik Finance (RETIK) is an alternative coin that has garnered attention in the cryptocurrency space. It offers real-world utility, has a track record of success in presale stages, and exhibits strong bullish momentum. Retik Finance presents an opportunity for diversification within the cryptocurrency market and is at the forefront of the decentralized finance (DeFi) movement.

The resurgence in the cryptocurrency market is driven by the anticipation of a spot Bitcoin ETF receiving approval, increased institutional interest, and predictions of significant price gains for Bitcoin. However, investors should also consider alternative coins like Retik Finance (RETIK), which offers real-world utility, a track record of success, and the potential for substantial returns. As the cryptocurrency market continues to evolve, strategic positioning in digital assets such as Retik Finance can provide diversification and potential spikes in portfolios.

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The Resurgence of Cryptocurrency Market: Bitcoin ETFs and Price Predictions - Geeks World Wide

The year 2022 has been very tough for all the cryptocurrencies including Bitcoin and Ethereum and also for crypto enthusiasts. The largest cryptocurrency in the world, BTC has lost approximately 65% of its market value in the entire last year. Crypto enthusiasts were caught off guard by a series of unpredictable events such as the Terra Luna crash, FTX fall, macroeconomic conditions and Binance guilty plea.

The start of this year 2023 was strong for the cryptocurrencies as the crypto world was showing signs of recovery. Bitcoin even rose an average of 0.39 in the month of July at around $31,000. The crypto world is showing immense recovery as of Oct., Nov. and Dec. has BTC rising at good levels. As of Dec. 20, 2023, BTC is at $42,853, market capitalization at $837.54 billion and market volume at $21.19 billion. Bitcoin rises high as expected.

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Post the psychological threshold of the $31,000 mark, Bitcoin has yet again started showing a bearish trend and trading below $30K levels. The worlds largest cryptocurrency, BTC, which was on the path of recovery had added on up to the monthly benefit of almost 15%, according to the latest charts retrieved by CoinMarketCap and is now trading at its highest level since May 2022 at $42,877.

BTC seems under slim pressure as inflation continues to be a crucial issue in emerging economies such as the U.S. and the UK, and as anticipated the U.S. Federal Reserve hiked the interest rates with a 25-basis point to tackle inflation issues. As per experts, the major resistance is seen near the $29,800 level and the next major resistance is at the $30,400 level.

This is not the first time that BTC is under pressure. Bitcoin had seen a major fall that pushed the cryptocurrency below the $26,000 level, a three-month low, when the U.S. Securities and Exchange Commission sued one of the leading cryptocurrency exchanges in the world, Binance and its founder and chief executive officer, Changpeng Zhao (CZ).

The SEC blamed crypto exchange Binance for creating separate entities as Binance.com and Binance US, as segments of an elaborate scheme to evade U.S. federal securities laws. It has also alleged that a firm owned by its founder CZ, had been involved in artificially growing the trading volume of crypto assets, listed on its Binance U.S. platform.

Cryptocurrency experts believe that if BTC sticks to its level of $30,000, then it could bounce back likely from here and now is leading at $42,877 as of Dec. 20, 2023.

In April 2023, the top cryptocurrency Bitcoin touched the key resistance of $30,000 level, for the first time since June 10, 2022 and then started dipping below till $26,000 level and now hassupremely raised at $42,877 after May 2022. Crypto experts believe Bitcoin must stick to the $31,000 level and more to touch the level of $60,000 by the end of the year 2023.

However, the recovery path is lengthy, as BTC is still down almost 37.75%, from its all-time high. At the start of the year, Bitcoin plunged below the level of $20,000. But due factors such as the deepening banking crisis in the U.S., the weakening of the dollar index and cooling inflation have been able to bring back Bitcoin and other digital currencies to lead the path of resistance. So, it is not wrong to say that the recent U.S. financial crisis has increased the appetite for cryptocurrencies.

While the future of Bitcoin is unknown, retail investors are required to be very cautious about each and every move of Bitcoin, as it has been a tumultuous year for Bitcoin. Bitcoiners should not forget the fact that the currency is still trading low at almost 37.75% from its all-time high. The reason behind this volatility can be attributed to the macroeconomic conditions in countries including the U.S. and the UK.

Moreover, Indias stance on cryptocurrencies continues to be firm with the government bringing all crypto-related transactions under the ambit of the Money Laundering Act. In a specific gazette notification, the Union Finance Ministry of India stated that all the transactions related to digital assets or virtual currency would fall under the purview of the Prevention of Money Laundering Act (PMLA).

On the face of it, the new development may appear damaging to the cryptocurrency community in India. On the ground, the move has been praised by the industry at large as this is a step towards regulating this space, where in the absence of regulators, the enforcement agencies will straight up take recourse to any discrepancies.

One of the other reasons why crypto experts are hopeful about Bitcoin is that, in the coming year 2024, will be a year for Bitcoins halving event. The Bitcoin halving event happens every four years in which BTC rewards to its miners are cut by 50%, (the miners payout will be reduced to 3.125 BTC). This event is usually viewed as positive for Bitcoins price, as it helps in contracting supply. Historically, halving has been seen as a great sign for bringing momentum to Bitcoins price.

Bitcoin Halving History

In the above table, we can see that past Bitcoin halving events have been able to establish long-term bullish drivers for Bitcoins price. The Bitcoin halving event relates to its deflationary tendency and crushing its supply, which helps the Bitcoin price to rise further. As BTC, being a decentralized cryptocurrency, cant be printed by any central banks or governments and thus Bitcoins total supply is limited.

Moreover, Bitcoin Whales, large investors have started accumulating Bitcoin once again. According to data from on-chain aggregator Santiment, the large Bitcoin whales are holding a range from 1,000-10,000 BTC in their wallets, showcasing that investors have been filling up their wallets with a lot of Bitcoins, which might reflect recovery signs in the price of Bitcoin.

We all are aware that Bitcoin has rallied 80% plus more since the start of this year. With massive and unanticipated gains, it has surely surpassed several other major assets and set huge returns for those who have bought Bitcoin at dips.

The crypto industry is excited to witness the new peak of BTC and hoping for more. Marshall Beard, chief strategy officer at crypto exchange Gemini, believes Bitcoin to break its all-time highs this year. He even said, $100,000 price figure is an interesting number if bitcoin gets to its previous record high of near $69,000.

If Bitcoin really happens to touch this magical figure, then it has to showcase an upside of 270% to reach at $1 lakh level.

Paolo Ardoino, chief technology officer at Tether also has a positive view on Bitcoin. He said BTC could retest its all-time high of around $69,000.

Nonetheless, the year 2023 seems to be a decent year for Bitcoin advocates, who always tend to consider it as a digital gold or safe-haven investment that can offer traders attractive returns in times of mayhem. It was a major boost for BTC in hopes that the U.S. Federal Reserves might reduce the chances of more aggressively increasing interest rates.

Bitcoin enthusiasts always have too positive and at times not possible predictions for their favorite cryptocurrency. And, after this mini-bull run, many discussions are happening around the worlds largest digital coin, BTC, the crypto coin could even witness a level of $10 lakh by 2025.

This hypothetical and notable figure of $10 lakh has been rolled by several well-known personalities in the crypto world. Recently, Standard Chartered, one of the leading British Multinational Banks raised its prediction price for the BTC ranging from $1,00,000 to $1,20,000 by the end of the year 2024 in one of its most recent research reports citing more profit to BTC miners. The MNC bank forecast BTC to reach $50,000 by the end of this current year.

The Chinese-Canadian Bitcoin entrepreneur and CEO of crypto firm, JAN3, Samson Mow, believes that the cryptocurrency will reach $1 million in the next five years. With several such wild guesses, Balaji Srinivasan, an investor and the former technology chief at Coinbase, took a bet that BTC could reach $10 lakh or more in just 90 days.

Srinivasan made this strong statement by merely believing that as the world goes into the stage of hyperinflation, the value of the dollar will get weak due to which the people will start buying more and more BTC. The term Hyperinflation means an extreme increase in the price of goods and services over a period of time.

On the other hand, cryptocurrency experts believe BTC might touch $10 lakh in the coming years, but not that soon and predicting this level in the year 2023 or in just 90 days is just not possible.

Marshall Beard stated Bitcoin to be a million dollars in 90 days, some crazy things are happening in the world, which we dont want, he said, however, that it might take 10 years to reach anywhere close to this extreme prediction.

(The Bearish View)

There are different sets of investors too, large institutions and corporates who hold an opposite view (bearish) on Bitcoin and have a strong opinion that Bitcoin might fall shortly. They believe that this rally is a major bull trap rather than a bull run. Global investor, Mark Mobius, the billionaire founder of Mobius Capital Partners, predicted a huge fall in 2022 and even said that Bitcoin can go down to the $10,000 range.

The same is predicted by another investor, Matthew Sigel, head of digital assets research at VanEck, a global investment manager who sees BTC drop to $12,000 levels, mentioning higher energy prices.

On the other hand, global bank Standard Chartereds prediction on Bitcoin is super surprising. They predicted that BTC would fall to $5,000 levels in the current year 2023.

Crypto experts believe that the rising hikes and tighter monetary policy will not allow BTC to rebound sharply in the coming future. As in this kind of unpredicted market, traders will not choose to invest or buy risky assets like Bitcoin. And, those investors who have been holding BTC, might sell it, creating undue pressure on the crypto markets again.

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Among the myriad predictions on Bitcoin, the bottom line remains that Bitcoin has seen several downfalls and has emerged stronger than before each time. Its resilient nature instills a belief of sorts in the minds of crypto enthusiasts who find value in investing in decentralized currencies. Whether Bitcoin soars higher or turns to dust is something only time can tell, and trading Bitcoin should be done with full awareness your investment will not necessarily give you the anticipated returns.

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Bitcoin Price Prediction: Can Bitcoin Reach $1000000 by 2025? Forbes Advisor INDIA - Forbes

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In the ever-evolving landscape of blockchain technology, 2024 promises to be a pivotal year marked by transformative trends of top blockchain trends Among these, the role of blockchain in sustainable finance emerges as a beacon of innovation. Beyond its association with cryptocurrency, blockchain is increasingly recognized for its potential to revolutionize sustainable financial practices, offering a pathway to a greener and more socially responsible financial future.

Traditional financial systems often come under scrutiny for their environmental impact, and blockchain development companies, characterized by energy-intensive processes and excessive paper usage. As we step into 2024, the need for sustainable alternatives is more pressing than ever. Here, blockchain technology presents itself as a key player in reshaping financial operations with a focus on sustainability.

The environmental impact of traditional finance extends beyond energy consumption and paper waste it encompasses the broader challenge of achieving operational efficiency while minimizing ecological harm. As the urgency for sustainable alternatives intensifies in 2024, blockchain emerges as a beacon of promise from custom blockchain solutions. Its decentralized structure not only streamlines financial processes but also inherently reduces the need for extensive energy consumption associated with centralized models. By fostering a system where each participant is a node, blockchain aligns seamlessly with sustainability goals. This efficiency not only lessens the strain on energy resources but also positions blockchain as a pioneering force in building an eco-friendly financial infrastructure.

Blockchains decentralized nature eliminates the need for centralized intermediaries, reducing the carbon footprint associated with traditional financial processes. Smart contracts automate transactions, streamlining processes and minimizing energy-intensive manual interventions.

Sustainable finance involves adopting eco-friendly mining practices. Blockchain projects are exploring consensus mechanisms that require less energy, contributing to the overall goal of making blockchain a more environmentally conscious technology.

Blockchain facilitates the tokenization of real-world assets. opening up new avenues for sustainable finance. From green bonds to renewable energy projects, tokenization enables fractional ownership and investment in sustainable initiatives, democratizing access to environmentally responsible investments.

Blockchains transparency and immutability empower stakeholders to trace the journey of funds, ensuring they are allocated to sustainable projects as intended. This not only enhances accountability but also builds trust among investors, paving the way for a more ethical and sustainable financial ecosystem.

Environmental, Social, and Governance (ESG) criteria are increasingly becoming central to investment decisions. Blockchain introduces ESG tokens, providing a transparent way to represent and track the environmental and social impact of investments. These tokens empower investors to make informed decisions aligned with their sustainability goals.

In the realm of Environmental, Social, and Governance (ESG) tokens, blockchains transformative power extends to governance. Blockchains inherent transparency ensures that the decision-making processes behind ESG initiatives are visible and verifiable. The decentralized nature of blockchain enhances the accountability of companies and organizations, providing investors with unprecedented insights into the actual implementation of sustainable practices. This governance through transparency not only aligns with ESG principles but also cultivates a culture of responsible and ethical decision-making. As ESG tokens continue to gain prominence in 2024, blockchain not only serves as a tracking mechanism but as a catalyst for fostering a more accountable and socially conscious business environment.

Blockchains ability to facilitate secure and transparent financial transactions has a profound impact on financial inclusion. By providing a decentralized infrastructure, blockchain enables access to financial services for underserved populations, contributing to sustainable development goals.

Beyond its role in financial inclusion blockchain stands as a powerful tool for empowering marginalized communities, fostering sustainable development. The decentralized infrastructure of blockchain creates a level playing field, offering individuals in underserved populations the opportunity to access financial services without the traditional barriers imposed by centralized systems. This empowerment extends beyond mere financial transactions, encompassing the potential for decentralized applications (dApps) to provide essential services like identity verification, land ownership records, and access to education and healthcare. As blockchain paves the way for financial inclusivity, it simultaneously becomes a cornerstone in building a more sustainable and equitable future where every individual, regardless of their socio-economic background, can actively participate in and benefit from the global economy.

While blockchain presents solutions, challenges such as scalability and energy efficiency need to be addressed. Ongoing research focuses on developing protocols that balance the need for security with environmental considerations.

The integration of blockchain into sustainable finance requires supportive regulatory frameworks. Policymakers play a crucial role in fostering an environment that encourages innovation while ensuring compliance with ethical and sustainable standards.

As we navigate the financial landscape of 2024, blockchains role in sustainable finance emerges as a force for positive change. From reducing carbon footprints to tokenizing sustainable assets, blockchain technology offers a promising path towards a more environmentally conscious and socially responsible financial future. As stakeholders continue to explore innovative solutions, the fusion of blockchain and sustainable finance becomes a cornerstone in building a resilient and ethical financial ecosystem. In embracing this transformative trend, we pave the way for a future where financial prosperity coexists harmoniously with environmental and social responsibility.

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Beyond Cryptocurrency: Blockchains Role in Sustainable Finance | by Highen Fintech | Dec, 2023 - Medium