IOTA offers $220,000 bounty if you can crack its new hash function.
“We hope that this competition will bring the cryptographic community together on solving security in the Internet-of-Things,” said David Sønstebø, Co-Founder and Co-chair of IOTA Foundation, in the announcement.
IOTA is offering a host of prizes ranging from $115 (100 euro) to $40,000 (35,000 euro) based on which part of the hash fu…Read more
Since IOTA is quantum resistant this might be good news, it isn’t going to switch anytime soon however.
Quantum communication isn’t intended to be faster than regular (classical) communication. in fact, it will be much slower for the forseeable future.
The reason it is desired is because it provides provably-secure encryption, even if the would-be eavesdropper is allowed quantum technology of their own.
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