What's Going On With MicroAlgo Shares Wednesday?

MicroAlgo, Inc. MLGO announced the quantum shield distributed ledger technology (QSDLT), designed to provide a secure foundation for Bitcoin BTC/USD and other cryptocurrency systems.

Quantum computers can solve problems relatively quickly that current conventional computers cannot handle, including some widely used cryptographic algorithms.

Specifically, the emergence of quantum computers could crack current systems based on RSA and elliptic curve encryption algorithms. To counter this threat, the research and development of QSDLT have become particularly urgent, the company said in a release.

MicroAlgo's QSDLT employs advanced cryptographic algorithms, particularly those that combat quantum algorithms, to ensure that Bitcoin transactions and user identities are fully protected. 

QSDLT effectively reduces the cost of Bitcoin transactions by employing carefully optimized algorithms and technologies. Its key features, including anti-quantum algorithmic defense mechanisms, invariance and transparency, cost reduction, PQDLT, and high scalability, combine to create a robust and flexible security framework.

Read Next: Why Blockchain Technology Company BTC Digital Shares Are Rising Today

On Tuesday, MicroAlgo unveiled a Bitcoin trading prediction algorithm based on machine learning and technical indicators. The algorithm integrates deep learning, technical analysis, and quantitative trading strategies to provide investors with more accurate and intelligent decision support. 

MicroAlgo's Bitcoin trading prediction algorithm, based on machine learning and technical indicators, uses a large amount of market data to train a model to predict the future Bitcoin price movement.

Price Action: MLGO shares are trading lower by 28.3% to $0.81 on the last check Wednesday.

Photo: Andre-Francois-McKenzie via Unsplash