SEC Recognizes Naoris Protocol
In a significant move towards strengthening the security of the financial sector, the U.S. Securities and Exchange Commission (SEC) has recognized the Naoris Protocol within its “Post-Quantum Financial Infrastructure Framework” (PQFIF). This designation highlights the protocol’s role as a foundational model for the industry’s shift to post-quantum cryptography, as outlined in a pivotal report submitted to the U.S. Cryptocurrency Task Force.
Importance of Timing
As advances in quantum computing continue to pose a substantial threat to digital asset security, the timing of this recognition is critical. Projections indicate that by 2034, quantum computers may have a 17% to 34% chance of being able to compromise the RSA-2048 encryption, a vulnerability that could jeopardize trillions of dollars in digital assets. The PQFIF document emphasizes the Naoris Protocol’s relevance, mentioning it three times, underscoring its importance in safeguarding financial transactions against these emerging threats.
Innovative Architecture
What sets the Naoris Protocol apart is its innovative “Sub-Zero Layer” architecture, which enables the seamless integration of post-quantum cryptographic measures into existing Ethereum Virtual Machine (EVM) blockchains. This capability means that the transition can occur without necessitating disruptive hard forks or system interruptions, a significant advantage for financial institutions aiming for secure upgrades.
Robust Protection
The protocol employs several NIST-approved cryptographic algorithms, including ML-KEM, ML-DSA, and SLH-DSA, ensuring robust protection for blockchain infrastructures against future quantum threats.
