Summary
Apple has released new quantum-resistant technology to protect encryption keys on iPhones, making them cold wallets. Quantum computers pose a threat to traditional encryption methods, but Apple’s technology could secure private keys for crypto wallet apps. The technology has been integrated into iOS 17.4, but not yet available to app developers.
Key Points
1. Apple has released a new quantum-resistant technology that could protect encryption keys that have been compromised, specifically those governing access to sensitive data like crypto wallet passwords.
2. Quantum computers pose a potential threat to traditional encryption methods, with IBM launching practical quantum computing projects that have the potential to crack traditional encryption methods and expose private crypto keys.
3. Apple’s new technology, integrated into iMessage, replaces compromised keys with new ones that cannot be computed using previous keys, making it quantum-resistant and increasing security for crypto wallet apps.