Hey ninja’s, how’s the trading going? On the day, the cryptocurrency market is trading sideways with the largest cryptocurrency bitcoin reporting daily gains. At press time, bitcoin is trading at $9,090 and is reporting gains of 1.77% in the last 24 hours. Top altcoins Ethereum and XRP are also reporting daily gains of 2.715 and 1.325 respectively.
Chinese scientists were able to transport a crypto key at a distance of over 1,000 kilometers, scientist debate over its practical implications. Scientists in China were able to exchange an encryption key over the distance of 1,120 kilometers, besting the previous attempt by 1000 kilometers.
The new development was achieved using a theoretically secure communication technique known as entanglement-based quantum key distribution, this technique makes use of two photons to securely distribute s secret key. With the new development, there has been much speculation that this new technology could make existing cryptography obsolete.
Quantum entanglement was used this time to exchange a secret key which could be used to encrypt and decrypt messages, one could only imagine the possibilities and real-life uses for this technology. If quantum entanglement becomes a commodity it could make crypto hacking almost impossible as transactions would now be authorized outside the internet.