Major Step Ahead for Cryptography

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As I said in the "truecrypt access claimed?" thread on on May 22:

Quoted text here. Click to load it

Well, there's been another signficant step towards this.  Here's
Smart's paper adding on to Gentry's original work:

Fully Homomorphic Encryption with Relatively
Small Key and Ciphertext Sizes

For those who find the paper tough sledding, here's an
assessment in layman's terms:

Major step ahead for cryptography


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