Why SEALSQ Shares Are Skyrocketing Today

SEALSQ Corp - Ordinary Shares -6.91% Pre

SEALSQ Corp - Ordinary Shares

LAES

1.15

1.15

-6.91%

0.00% Pre

SEALSQ Corp (NASDAQ:LAES) disclosed that its post-quantum semiconductor technology, based on cutting-edge cryptographic algorithms, is specifically designed to withstand attacks from and secure cryptocurrency transactions against the looming threat of quantum computing.

This advanced technology addresses the vulnerabilities of current blockchain accounting systems, bolsters the defenses of digital currencies in the quantum age, and represents another stride by SEALSQ in securing the digital financial ecosystem, the company said in a press release.

SEALSQ's post-quantum semiconductor technology utilizes cutting-edge cryptographic algorithms that are resistant to quantum computing attacks.

This technology not only secures existing blockchain infrastructure but also paves the way for a more secure digital financial ecosystem, the company said in a press release.

Carlos Moreira, CEO of SEALSQ, noted, "Our post-quantum semiconductor technology is a game-changer, offering unparalleled security and ensuring the longevity and reliability of cryptocurrency transactions."

Read Next: Why 1847 Holdings Shares Are Falling Thursday

Price Action: LAES shares are trading higher by 45% to $1.67 on the last check Thursday. 

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