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Artificial Intelligence‘s integration into the financial sector has sparked a new wave of investment strategies, particularly within the cryptocurrency industry. Amidst the volatility and complexity of the crypto markets, AI crypto startups are attracting attention for their promise of simplified and informed trading experiences.
Investors are increasingly looking toward AI crypto startups as a gateway to more stable and strategic trading. These companies offer solutions designed to distill the chaos of market data into actionable insights, allowing traders to bypass the emotional pitfalls that often result in poor investment decisions.
One such startup, Launchpad XYZ, is developing a comprehensive AI-powered Web3 information and community platform. Through its ongoing crypto presale, Launchpad XYZ has managed to raise nearly $2 million and is catching the eye of investors…..Continue reading…
By: Trent Alan
Source: Smart Money Is Moving into This AI Crypto – Here’s Why
Critics:
Governments have long recognized the potential benefits of cryptanalysis for intelligence, both military and diplomatic, and established dedicated organizations devoted to breaking the codes and ciphers of other nations, for example, GCHQ and the NSA, organizations which are still very active today.
Even though computation was used to great effect in the cryptanalysis of the Lorenz cipher and other systems during World War II, it also made possible new methods of cryptography orders of magnitude more complex than ever before. Taken as a whole, modern cryptography has become much more impervious to cryptanalysis than the pen-and-paper systems of the past, and now seems to have the upper hand against pure cryptanalysis.[citation needed] The historian David Kahn notes:
Many are the cryptosystems offered by the hundreds of commercial vendors today that cannot be broken by any known methods of cryptanalysis. Indeed, in such systems even a chosen plaintext attack, in which a selected plaintext is matched against its ciphertext, cannot yield the key that unlock[s] other messages. In a sense, then, cryptanalysis is dead. But that is not the end of the story. Cryptanalysis may be dead, but there is – to mix my metaphors – more than one way to skin a cat.
Kahn goes on to mention increased opportunities for interception, bugging, side channel attacks, and quantum computers as replacements for the traditional means of cryptanalysis. In 2010, former NSA technical director Brian Snow said that both academic and government cryptographers are “moving very slowly forward in a mature field.”
However, any postmortems for cryptanalysis may be premature. While the effectiveness of cryptanalytic methods employed by intelligence agencies remains unknown, many serious attacks against both academic and practical cryptographic primitives have been published in the modern era of computer cryptography:
The block cipher Madryga, proposed in 1984 but not widely used, was found to be susceptible to ciphertext-only attacks in 1998. FEAL-4, proposed as a replacement for the DES standard encryption algorithm but not widely used, was demolished by a spate of attacks from the academic community, many of which are entirely practical.
The A5/1, A5/2, CMEA, and DECT systems used in mobile and wireless phone technology can all be broken in hours, minutes or even in real-time using widely available computing equipment. Brute-force keyspace search has broken some real-world ciphers and applications, including single-DES (see EFF DES cracker), 40-bit “export-strength” cryptography, and the DVD Content Scrambling System.
In 2001, Wired Equivalent Privacy (WEP), a protocol used to secure Wi-Fi wireless networks, was shown to be breakable in practice because of a weakness in the RC4 cipher and aspects of the WEP design that made related-key attacks practical. WEP was later replaced by Wi-Fi Protected Access.
In 2008, researchers conducted a proof-of-concept break of SSL using weaknesses in the MD5 hash function and certificate issuer practices that made it possible to exploit collision attacks on hash functions. The certificate issuers involved changed their practices to prevent the attack from being repeated.
Thus, while the best modern ciphers may be far more resistant to cryptanalysis than the Enigma, cryptanalysis and the broader field of information security remain quite active.
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