Every day our lives become more intertwined with the digital world. It is clear now that the Internet is to remain an important fixture in modern day life. Social networks, online shopping, and internet of things (IoT), once alien concepts, are now as commonplace as cars or TVs. The Internet is finding its place in all existing activities and markets, as well as fueling the creation of new ones. For example, online education is revolutionizing how we learn, whereas cryptocurrency promises to change our financial infrastructure forever.
At Quantum1Net (Q1N) we believe that if the Internet is to continue being a valuable asset, it must remain two steps ahead of problems, anticipating instead of reacting. Only by means of preemptive innovation can it withstand the many problems it is sure to face in the near future. This way, the infrastructure can be ready for threats before they happen and can avoid unnecessary losses. For this reason, we are creating the Q1N network, a secure and eco-friendly transaction network capable of housing a true ecosystem of digital services. At the heart of this network is the Q1N quantum encryption key generator (QEKG), used to provide reliable cryptography which is resistant to conventional attacks, as well as quantum computer-powered attacks in the near future; and the Q1N blockchain, a new approach to decentralized control protected by proof-of-Contributing-Work (in contrast to current implementations, based on proof-of-work or proof-of-stake).
If you too believe that the survival of the Internet is tied to constant innovation and that the future of the economy relies on sustainable and safe internet transactions, this is the place for you. Here we will introduce the Q1N network and its key components. We will then detail the services to be streamlined, which will coexist with the Q1N ecosystem, forming the backbone of an Internet economy ready for the future.
How it works: Quantum1Net’s network
Quantum1Net’s network (from here on, the network) will be the backbone of a green, fully autonomous P2P ecosystem built on the blockchain, with advanced routing and traffic sharing, powered by its own crypto-economy. With this mission in mind, the network will be built upon the already existing internet infrastructure, using existing technologies and introducing improvements on others.
Data transactions as a source of value
At Q1N we have recognized that the true value of the Internet arises from the transactions which it allows. This includes every single data exchange which occurs on it: emails, file transmissions, video streaming, and of course online banking, shopping and other financial activities.
Currently implemented attempts of building a digital economic system supported by the Internet are inconsistent with the previous point. These are embodied in an ever-growing number of cryptocurrencies which are (or are planned to be) deployed. Available cryptocurrencies are in general characterized by two properties: a fiat currency value fueled by speculation and the need for extensive resources to generate new coins. These two factors combined serve as an impediment for cryptocurrencies to become widespread, widely used currencies which can compete with centralized monetary systems.
Cryptocurrency promises the decentralization and democratization of economy and finance. In its current state, however, it is unsustainable. Q1N is in the process of developing the Quantum1Net Coin which will not only be secured by our quantum-safe transaction technology but will also be designed so that its value is based on the Internet transactions it represents. This will require the development of a new blockchain (see below) but will signify abandoning the reckless use of resources which currently characterizes cryptocurrency, as well as pave the way for a quantum computer-safe digital economy.
An eco-friendly blockchain: proof-of-contributing-work™
The key feature of cryptocurrency is its decentralized nature. Instead of all parties trusting a third-party to avoid multiple-spending, transactions are published on a public ledger known as the blockchain. The ledger is maintained by miners, which are compensated with fees or newly minted coins for their efforts. To ensure that the miners themselves do not attempt to falsify the ledger, adding new transactions requires either proof of work or proof of stake.
For the purpose of this paper, it is sufficient to note that proof of work introduces problems in the scalability and sustainability of Bitcoin and others, as it implies the waste of true value (enormous amounts of power) to generate digital value. The amount of wasted energy grows with the number of participating nodes. Similarly, proof of stake also presents problems, in particular, that it benefits those who own large quantities of the coin in question, which can lead to effective centralization.
In an effort to support the long-term scalability and viability, and to create a digital currency whose value is supported by that of the Internet, the Q1N blockchain will be secured by proof-of-contributing-work™. In this paradigm, miners contribute the network traffic needed to enable transactions instead of computing power. The probability of a given miner successfully adding a new block to the chain is proportional to its contribution to the total network capacity of Q1N. Due to the reduced energy requirements, this system allows for a significantly eco-friendlier network and opens up the possibility of mining to anyone with a computer and an internet connection.
Incentivizing consensus: relay nodes / revenue nodes
Decentralization is a key component of Q1N, as with any blockchain project. The network depends on its miners to provide the network traffic to sustain transactions. To ensure that any willing party with an internet connection can contribute and benefit from mining Q1C, we are introducing the Q1N relay node system.
Potential minters can benefit directly from joining the network by simply installing the software which will be openly provided Q1N on public repositories. In addition to supporting the network’s operations, relay nodes also serve as a passive source of income for anyone who owns an ordinary computer with internet access, with the payment made as soon as the new block is signed.
Securing the system: quantum mechanical-security
In anticipation of the availability of large quantum computers, we have recognized that all three key components of a cryptocurrency must be quantum-secured. These are the storage of the data regarding the user’s currency (wallet), the blocks themselves (the Merkel tree), which make up the public ledger, and the transaction tunnels through which data will travel.
The Wallet will be secured with quantum-secure elliptic curve cryptography, to ensure that the data is safe at the storage location. The blockchain will be secured using quantum-secure layered hashing which will allow for fast and efficient signing while avoiding the possibility of a quantum-powered attack falsifying the ledger.
For Quantum-safe transactions, Q1N has developed the QEKG. By using pairs of entangled photons, this device generates streams of intrinsically random numbers, with no underlying pattern which could lead to predictability. When two-party communication is requested, these are used to generate pairs of mutually-authenticated encryption keys by means of our patent pending deep neural network plus cellular automata system. A key aspect of the design is that all this is achieved locally, at each user’s device, without the need for exchange of public-keys between them. This represents an advantage over other encryption paradigms, as the key-exchange procedure exposes information regarding the encryption to eavesdroppers which can facilitate a hack.
With this approach, the communications are secured against both conventional attacks and quantum computers. The process requires little computational (and hence energetic) overhead, which makes it cost-effective and allows for new encryption keys to be used for each communication, making an individual successful hack (although highly improbable) a waste of resources: the keys found this way would be of no use for successive communications.
The Q1N ecosystem
The network will provide the infrastructure necessary to implement Q1N’s digital services. These will be powered by Q1C and secured with our quantum encryption technology and will form the basis of a truly digital ecosystem for communications and financial services.