BTQ Launches World's First Quantum Proof-of-Work Simulator, Delivering the First Commercial Demonstration of Quantum Advantage in Blockchain Consensus
QPoW delivers measurable quantum advantage while eliminating vulnerabilities to quantum attacks, offering energy-efficient, post-quantum secure alternatives to legacy proof-of-work systems.
The release follows BTQ's leadership role in global standards development, with QPoW adopted as the first consensus work-item by Quantum Industrial Standard Association (QuINSA) and positioned to help future-proof digital assets, CBDCs, and high-value payment networks.
VANCOUVER, BC, July 8, 2025 /CNW/ - BTQ Technologies Corp. (the "Company") (CBOE CA: BTQ) (FSE: NG3) (OTCQX: BTQQF), a global quantum technology company focused on securing mission-critical networks, today unveiled its Quantum Proof-of-Work Simulator, the first publicly accessible platform that showcases a fully quantum-native mining algorithm that remains verifiable on classical hardware. The release marks a milestone in securing digital assets, offering a quantum analogue to Bitcoin's SHA-256 proof-of-work and creating a path to future-proof digital assets against emerging quantum threats.
This achievement follows the QuINSA standards organization adopting QPoW as the first consensus work-item in its baseline specification and appointing BTQ to chair of the alliance's quantum communications working group, positioning QPoW as a leading contender for the forthcoming ISO-style standards for quantum-secure blockchain technologies.
"Quantum Proof-of-Work shows that quantum hardware can secure, not threaten, the next generation of digital money," said Olivier Roussy Newton, CEO of BTQ Technologies. "Our simulator offers researchers, developers, and miners a first-hand look at how quantum machines can reinforce consensus while preserving compatibility with today's classical infrastructure."
"This advancement further solidifies our continued commitment to delivering a demonstrable, practical quantum advantage to the market," added Roussy Newton. "For the first time, the digital-asset ecosystem can interact with a quantum-secure, energy-efficient consensus mechanism—one that aligns with global regulatory momentum and keeps critical infrastructure resilient in the quantum era."
Key Highlights
Live, real-time mining cycles demonstrate measurable quantum advantage using coarse-grained boson sampling.
Adjustable parameters —photon count, optical modes, measurement bins—let users explore security-performance trade-offs.
Interactive analytics compare miner outputs, visualize network statistics, and validate submissions through total-variation-distance (TVD) and peak-bin-percentage (PBP) checks.
Energy-efficient design decouples difficulty from power consumption, relying on photonic hardware quality rather than brute-force hashing.
Post-quantum resilience eliminates vulnerabilities to Grover-style attacks by shifting the work function from hash inversion to provably hard quantum sampling.
Implications for Digital Assets
Current proof-of-work systems face two converging pressures; escalating energy demands from ASIC mining and looming quantum attacks capable of quadratic speed-ups. BTQ's QPoW replaces the hash puzzle with a boson sampling task that runs on today's small photonic quantum devices. Network operators can raise or lower the difficulty by changing the photon count and optical modes, which improves security against quantum adversaries without driving up power consumption. As the difficulty of the boson sampling problem increases, quantum devices will gain a larger advantage in creating valid samples, but since the task is quantum in nature, no single quantum device will have an outsized advantage in producing blocks over other quantum devices. QPoW therefore gives digital-asset networks a simple and practical way to stay efficient and secure in the quantum era.
Regulatory Urgency
Policy makers are moving in lock-step toward mandatory quantum resilience. The European Commission's Coordinated Implementation Roadmap for the Transition to Post-Quantum Cryptography, issued on 23 June 2025, directs all EU Member States to begin PQC migration by 2026 and to secure critical infrastructure by 2030. In the United States, NIST's March 2025 selection of the HQC algorithm as a fifth post-quantum standard signalled the transition from guidance to implementation. Together these milestones underscore the need for consensus layers, such as BTQ's QPoW, whose security assumptions remain intact in a quantum era.
Central-Bank Perspective
The systemic importance of quantum-secure settlement was highlighted at the Bank for International Settlements' Quantum-Readiness for Central Banks and Supervisors conference earlier this year, where 39 central banks agreed that next-generation ledgers must be robust against quantum attacks. QPoW's classically verifiable yet quantum-native design aligns with the BIS mandate and offers a practical path for wholesale CBDC pilots and other high-value payment rails to achieve quantum-readiness without replacing existing node infrastructure.
Ecosystem Momentum
QPoW is part of BTQ's wider execution roadmap. Last month, BTQ unveiled the Quantum Stablecoin Settlement Network (QSSN) to extend quantum security to tokenised dollars and entered a strategic partnership with QPerfect to validate QPoW on neutral-atom quantum processors. These milestones advance BTQ's core mission of bringing practical quantum advantage to market through a full-stack platform. These initiatives position the company to accelerate the commercial adoption of quantum-secure finance and other quantum-grade quantum solutions. The QPoW simulator is live today at https://www.qpow.dev/
About BTQ
BTQ Technologies Corp. (Cboe CA: BTQ | FSE: NG3 | OTCQX: BTQQF) is a vertically integrated quantum company accelerating the transition from classical networks to the quantum internet. Backed by a broad patent portfolio, BTQ pioneered the industry's first commercially significant quantum advantage and now delivers a full-stack, neutral-atom quantum computing platform with end-to-end hardware, middleware, and post-quantum security solutions for finance, telecommunications, logistics, life sciences, and defense.
Connect with BTQ: Website | LinkedIn | X/Twitter
ON BEHALF OF THE BOARD OF DIRECTORS
Olivier Roussy Newton
CEO, Chairman
Neither Cboe Canada nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
Certain statements herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to the business plans of the Company, including with respect to its research partnerships, and anticipated markets in which the Company may be listing its common shares. Forward-looking statements or information often can be identified by the use of words such as "anticipate", "intend", "expect", "plan" or "may" and the variations of these words are intended to identify forward-looking statements and information.
The Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the development of post-quantum algorithms and quantum vulnerabilities, and the quantum computing industry generally. The foregoing list of assumptions is not exhaustive.
Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information are based on assumptions and involve known and unknown risks which may cause actual results to be materially different from any future results, expressed or implied, by such forward-looking statements or information. These factors include risks relating to: the availability of financing for the Company; business and economic conditions in the post-quantum and encryption computing industries generally; the speculative nature of the Company's research and development programs; the supply and demand for labour and technological post-quantum and encryption technology; unanticipated events related to regulatory and licensing matters and environmental matters; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting blockchains); risks related to the direct and indirect impact of COVID-19 including, but not limited to, its impact on general economic conditions, the ability to obtain financing as required, and causing potential delays to research and development activities; and other risk factors as detailed from time to time. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
35 minutes ago
- Cision Canada
SILVER ONE COMMISSIONS GROUND GEOPHYSICAL SURVEY ON ITS PHOENIX SILVER PROJECT, ARIZONA
VANCOUVER, BC, July 14, 2025 /CNW/ -- Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) ("Silver One" or the "Company") is pleased to announce that it has engaged Zonge International, Inc., to conduct a ground geophysical Induced Polarization (IP) and Magnetotelluric (MT) survey on its 100% owned Phoenix Silver project in Arizona. Both IP and MT are effective electrical geophysical methods useful to detect underground metallic minerals, especially disseminated sulfides, and structures that may be host to mineralization. This is especially important in the southern portion of the property where previous magnetic and ZTEM surveys, in combination with multiple select high-grade copper and silver samples are suggestive of a copper-silver system at depth (See Figures 1 and 2 and news release of February 20, 2025). Owing to safety reasons related to fire hazard in the project's area, the survey will be scheduled as soon as Forest Service fire restrictions are lifted. The planned survey consists of 50-line km of ground IP and MT over robust copper targets. These targets were identified using Geotech's targeting algorithm that combines several datasets including, resistivity derived from the ZTEM survey, magnetic features, geology, structure, mine sites and copper showings (see Company's news release of February 20, 2025 and Figures 1 and 2). These targets have never been drill tested, and their importance is highlighted by their location along the north-eastern portion of the prolific Miami-Inspiration copper belt, which hosts Rio Tinto-BHP's Resolution deposit to the southwest and BHP's Ocelot discovery to the northeast (Figure 1). The IP and MT survey will target vertical depths of 600 metres and 1,500 metres respectively. This survey, in conjunction with previous field investigations, will allow the Company to define and prioritize targets for future drilling. Silver Exploration The company plans to continue with further evaluation of silver targets, especially the 417 area and the long northeast-trending train of silver nuggets located in the northern part of the property. A detailed gravity survey is planned over the 417 area drilled in 2024 to assist in defining the location of massive silver bodies (see Company's news release of February 24, 2025 and Figure 2) and guide future drilling. At the Nuggets North area, planned work includes mapping, sampling, and trenching subject to Forest Service permitting. Candelaria Project Update The Company is also pleased to announce that work at the Candelaria project is on schedule, continuing with metallurgical investigations to optimize silver and gold recoveries, and a Preliminary Economic Assessment study (PEA) scheduled to be completed by the end of the year. Qualified Person The technical content of this news release has been reviewed and approved by Robert M. Cann, P. Geo, a Qualified Person as defined by National Instrument 43-101 and an independent consultant to the Company. About Silver One Silver One is focused on the exploration and development of quality silver projects. The Company holds a 100% interest in its flagship project, the past-producing Candelaria Mine located in Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production. Additional opportunities lie in previously identified high-grade silver intercepts down-dip and potentially increasing the substantive silver mineralization along-strike from the two past-producing open pits. The Company owns 636 lode claims and five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 11 km along-strike. Silver One also owns a 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt", immediately adjacent to the prolific copper producing area of Globe, Arizona. For more information, please contact: Silver One Resources Inc. Gary Lindsey - VP, Investor Relations Phone: 604-974‐5274 Mobile: (720) 273-6224 Email: [email protected] Forward-Looking Statements Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Silver One cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Silver One's control. Such factors include, among other things: risks and uncertainties relating to Silver One's limited operating history, ability to obtain sufficient financing to carry out its exploration and development objectives on its mineral properties, obtaining the necessary permits to carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Silver One undertakes no obligation to publicly update or revise forward-looking information.
Cision Canada
2 days ago
- Cision Canada
Graphene Manufacturing Group Ltd. Announces Agreement for At-The-Market Offering
BRISBANE, Australia, /CNW/ - Graphene Manufacturing Group Ltd. (TSXV: GMG) OTCQX: GMGMF) (" GMG" or the " Company") is pleased to announce that it has entered into an equity distribution agreement dated July 11, 2025 (the " Distribution Agreement") with Cantor Fitzgerald Canada Corporation (the " Agent"). Pursuant to the Distribution Agreement, the Company will be entitled, at its discretion and from time-to-time during the term of the Distribution Agreement, to sell, through the Agent, such number of ordinary shares of the Company (the " Ordinary Shares") that would result in aggregate gross proceeds to the Company of up to C$20 million (the " Offering" or " ATM Facility"). Sales of the Ordinary Shares, if any, will be made in "at the market distributions", as defined in National Instrument 44-102 – Shelf Distributions, directly on the TSX Venture Exchange (the " TSXV") or on any other existing trading market in Canada. No offers or sales of Ordinary Shares will be made on any exchange or quotation system outside of Canada. The Company will pay the Agent a fee equal to 3.0% of the gross proceeds from any sales of Ordinary Shares under the Offering as compensation for its services in acting as agent in connection with the sale of Ordinary Shares pursuant to the terms of the Distribution Agreement. Net proceeds from the ATM Facility, if any, will be used to fund ongoing operations including, but not limited to, commercial development, product development and working capital. The ATM Facility will be effective until the earlier of (i) the issuance and sale of an aggregate amount of C$20,000,000 of Ordinary Shares through the Agent; and (ii) April 10, 2027, unless earlier terminated prior to such date by the Company or the Agent. The Offering will be made by way of a prospectus supplement dated July 11, 2025 (the " Prospectus Supplement") to the Company's final short form base shelf prospectus dated March 7, 2025 filed with the securities regulatory authorities in each of the provinces and territories of Canada (together with the Prospectus Supplement, the " Offering Documents"). The Prospectus Supplement will be filed with each of the provincial securities commissions in Canada. The Offering Documents will contain important detailed information about the securities being offered. Before you invest, you should read the Offering Documents and the documents incorporated therein for more complete information about the Company and the Offering. Copies of the Distribution Agreement and the Offering Documents will be available for free by visiting the Company's profile on SEDAR+ at An electronic or paper copy of the Prospectus Supplement, the corresponding base shelf prospectus and any amendment to the documents may be obtained, without charge, from Cantor Fitzgerald Canada Corporation, 181 University Ave, Suite 1500, Toronto, ON M5H 3M7 or by telephone at (416)-350-1203 by providing the contact with an email address or address, as applicable. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in the United States, or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act"), or under any U.S. state securities laws, and may not be offered, sold, directly or indirectly, or delivered within the "United States" or to, or for the account or benefit of, persons in the "United States" or "U.S. persons" (as such terms are defined in Regulation S under the U.S. Securities Act) except in certain transactions exempt from the registration requirements of the U.S. Securities Act and all applicable U.S. state securities laws. About GMG: GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning (" HVAC-R") coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (" G+AI Batteries"). GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium-ion batteries. GMG's 4 critical business objectives are: Produce Graphene and Improve/Scale Cell Production Processes Build Revenue from Energy Savings Products Develop Next-Generation Battery Develop Supply Chain, Partners & Project Execution Capability Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the Company's proposed business plans, expectations regarding the sale of Ordinary Shares under the ATM Facility, the proceeds from the ATM Facility, and the Company's proposed use of the proceeds from the ATM Facility. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, expectations and assumptions concerning the business objectives of the Company; the Company's ability to carry out current planned capital projects, research and development, manufacturing, production, sales and marketing programs for its graphene and graphene-enhanced products and solutions; that the Company will receive the necessary regulatory approvals for the ATM Facility; use the proceeds from the ATM Facility as anticipated; the Company's performance and general business and economic conditions. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the risk that the Company is not able to use the proceeds from the ATM Facility as anticipated by management; the risk that the Company does not receive the requisite regulatory approvals for the ATM Facility; overall economic conditions; technical de-risking and market acceptance for the Company's products and solutions; the introduction of competing technologies or products; stock market volatility; environmental and regulatory requirements; competitive pressures; change in market conditions and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied in these forward looking statements; the volatility of global capital markets; political instability; the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel; unexpected development and production challenges; unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. SOURCE Graphene Manufacturing Group Ltd.
National Post
2 days ago
- National Post
Carney to recuse himself from dealings with over 100 companies in sprawling government conflict screen
Prime Minister Mark Carney. Photo by Sean Kilpatrick/The Canadian Press/File OTTAWA — Prime Minister Mark Carney will have to recuse himself from any discussions directly involving Brookfield Asset Management, payment processing giant Stripe and dozens of companies owned or controlled by them as part of an extensive conflict-of-interest screen. THIS CONTENT IS RESERVED FOR SUBSCRIBERS Enjoy the latest local, national and international news. Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events. Unlimited online access to National Post. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles including the New York Times Crossword. Support local journalism. SUBSCRIBE FOR MORE ARTICLES Enjoy the latest local, national and international news. Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events. Unlimited online access to National Post. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors In a disclosure posted Friday afternoon on the Ethics Commissioner's website, Carney said he had agreed with the watchdog's office to set up a conflict-of-interest screen between himself and Brookfield Asset Management, Brookfield Corporation, Stripe Inc. and any of 100 other companies owned or controlled by them at the time he set up a blind trust to oversee his assets. Before jumping into politics, Carney was chairman of Brookfield Asset Management, which has US$1 trillion in assets under management, and also helped lead efforts to raise capital for two major Brookfield clean energy funds. He was also on Stripe's board of directors. Your guide to the world of Canadian politics. (Subscriber exclusive on Saturdays) By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again 'This screen will prevent me from giving preferential treatment to any of the Companies while I exercise my official powers, duties, and functions as a reporting public office holder,' reads Carney's declaration. The screen means that Carney cannot be involved in 'any official matters or decision-making processes' that would further either his or the interests of the 103 companies, many of which operate in the renewable energy and real estate sectors. 'That's the largest scope I've ever heard of,' commented Ian Stedman, a government ethics specialist who previously worked for Ontario's Integrity Commissioner. 'I think that they're going to have to get creative to make administration of this screen efficient,' added Stedman, now an associate professor at York University. The screen will be administered by Carney's chief of staff, Marc-André Blanchard, and clerk of the Privy Council, Michael Sabia, respectively. If he is made aware that a matter being discussed with him involves his ethics screen, he must remove himself from the room and make a public declaration of recusal. But the prime minister isn't barred from all discussions that may impact those companies. Carney's screen contains a caveat where he can participate in discussions or decisions on matters that broadly affect any of the 103 companies if they are part of a larger group, 'unless those interests are disproportionate to the other members of the class.' It was not immediately clear what represents a 'disproportionate' interest. Stedman said that will be a key question for both administrators of Carney's screen. The ethics screen risks posing significant implementation challenges, if only because of the sheer scope of the prime minister's responsibilities combined with the large number of companies to be screened.
