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DateDate: 20-05-2019, 06:40

Researchers at the University of Cambridge have developed a new type of so-called electronic currency, the use of which will allow people to conduct financial transactions at any time, from any location and without any other restrictions. But the most important advantage of this electronic money is that the system ensuring their work is ultra-safe, it will be able to withstand and successfully resist the cyber attacks that will be carried out in the future with the help of full-fledged quantum computers, reports DailyTech. The basic principles of the organization of new electronic money, which are called “S-money”, guarantee a completely secure procedure for authentication and identification, the absence of any loss of information, a faster exchange of information than any of the existing financial communication systems. And all this is achieved by combining the power of quantum theory and the theory of relativity. Due to this, the new system will make it possible to carry out financial operations almost in real time not only from anywhere in the solar system, but also from our galaxy, although trading at the galactic level is still only science fiction. Scientists from Cambridge plan to conduct a practical test of the theoretical model developed by them a bit later this year. And, of course, this check will be conducted at the highest level available today - at the level of the entire planet. S-money technologies require very fast calculations in large quantities; nevertheless, all this is already quite realizable at the current level of information technology development. The electronic money S-money is based on virtual tokens, which are generated by the financial network, like the generation of traditional blockchain-based cryptocurrencies. At the same time, some rules for generating tokens ensure that these tokens appear in the right place and at the right time, which allows you to conduct financial transactions almost instantly without the need for lengthy verification and confirmation procedures. At the same time, some of the used laws of quantum mechanics completely eliminate the risk of double selling or using the same token. Note that this implementation of electronic money is not the first attempt to use the technology of "quantum money". Modern technologies already allow operations with quantum money, but their full use as an e-currency is not yet possible. After all, this requires a minimum of the ability to store the state of quantum particles for an infinitely long time, which is still either unattainable or will be incredibly expensive in some cases.
Source: https://life.informator.news/uchen-e-yz-velykobrytanyy-sozdaly-novuiu-sverkhbezopasnuiu-formu-lektronnoy-valiut/