Venom Foundation Warns of Quantum Computing Threat
- Quantum Readiness Assessment: Venom Foundation has completed a post-quantum cryptographic assessment of its network's signature layer and developed a migration plan to address the threat of quantum computers potentially breaking existing encryption methods, positioning itself as a leader in quantum preparedness within the industry.
- Security Review Focus: The company concentrated on the most vulnerable parts of its network to future quantum attacks, particularly the digital signature layer and key exchange mechanisms, indicating that while its hash functions remain resilient, the Ed25519 signature layer is at risk from Shor's algorithm in a quantum environment.
- Migration Roadmap: Venom plans to implement ML-DSA and ML-KEM algorithms, aligned with NIST's post-quantum cryptography standards for digital signatures and key exchange, emphasizing the necessity for networks to prepare ahead of quantum computer arrival to ensure long-term security.
- Industry Call to Action: Venom urges enterprise clients, financial institutions, and government agencies to conduct post-quantum assessments and recommends building a Cryptographic Bill of Materials to identify systems reliant on vulnerable algorithms, stressing that quantum risk should be treated as a current security issue rather than a future concern.
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Technical Analysis for Q
Technical Sentiment Analysis for Quack AI (Q). As of , Quack AI (Q) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for Q stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, Q is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Quack AI (Q) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00198 | 0.00459 | 0.00678 | 0.00939 | 0.0116 | 0.0142 | 0.0164 |
| Fibonacci | 0.00459 | 0.00642 | 0.00756 | 0.00939 | 0.0112 | 0.0124 | 0.0142 |
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