Connect with us

Hi, what are you looking for?

Altcoins

Vitalik Buterin Urges Ethereum to Prepare for Quantum Computing Threats Now

Vitalik Buterin emphasizes the need for Ethereum to adopt quantum-resistant cryptography without delay.

Vitalik Buterin, co-founder of Ethereum, has called for immediate action to enhance the network”s security against potential threats posed by quantum computing. He advocates for the adoption of cryptographic measures that can withstand future quantum attacks, stressing that Ethereum must be equipped to function effectively for decades without the continual need for upgrades.

In a recent post on X, Buterin articulated that Ethereum should be capable of maintaining its stability and security even in the absence of ongoing development. He introduced the concept of the “walkaway test,” which suggests that the network”s integrity should not hinge on the continued involvement of its developers. “Ethereum, the blockchain, must have the traits that we strive for in Ethereum”s applications,” he stated, emphasizing the importance of long-term reliability.

As advancements in quantum computing accelerate, Buterin warned against procrastination in implementing quantum-resistant cryptography. He cautioned that delaying such upgrades in the name of efficiency could jeopardize the security of the blockchain. “We should resist the trap of saying, “Let”s delay quantum resistance until the last possible moment,”” he remarked, highlighting the urgency of proactive measures.

Despite the current limitations of quantum machines, which are not yet capable of posing a significant threat to blockchain security, experts agree that the time to prepare is now. Buterin”s shift in perspective regarding quantum risks marks a departure from his earlier stance in 2019, where he was less concerned about Google”s advancements in quantum technology.

Networks like Bitcoin and Ethereum rely on elliptic-curve cryptography, which, while secure against today”s computational capabilities, could be compromised by future quantum technologies employing Shor”s algorithm. Buterin”s call for action comes amid a broader reassessment within the crypto community regarding the long-term security of blockchain systems.

However, some industry leaders, such as Charles Hoskinson, founder of Cardano and an Ethereum co-founder, caution that implementing post-quantum cryptography too hastily could lead to performance drawbacks. “Post-quantum crypto often results in slower processing times and larger proof sizes,” he noted in a recent interview.

In addition to quantum resistance, Buterin outlined several technical priorities for Ethereum to ensure its viability in the long term. These include enhancing the network”s architecture to handle thousands of transactions per second and designing a resilient state model. He advocates for a focus on gradual improvements through optimization rather than frequent, disruptive upgrades.

Buterin”s vision is to establish a robust framework that supports Ethereum”s technological and social resilience, asserting that the goal should be to ensure the network”s cryptographic safety for the next century. “Every year, we should tick off at least one of these boxes, and ideally multiple,” he concluded, underscoring the importance of forward-thinking strategies in blockchain development.

You May Also Like

Markets

Bitcoin"s value against gold has reached a critical support level; will it bounce back?

Top Stories

BitRss provides real-time updates and curated content for the crypto community around the clock

Altcoins

Ripple, XRP, and the XRP Ledger are distinct entities crucial for cross-border payments.

Markets

AVAX is currently trading between $21.40 support and $23.50 resistance levels, with potential for short-term recovery.

Markets

Dogecoin"s open interest has fallen to its lowest in six months, signaling potential price volatility ahead.

Altcoins

XRP is poised to play a crucial role in a $30 trillion market for tokenized assets, reshaping finance.

Bitcoin

Bitcoin"s price has dropped below the critical $100,000 level, raising concerns among investors.

Altcoins

LivLive offers a 200% bonus in its presale, making it a standout option for investors seeking affordable crypto.

Regulation

Finland will adopt the OECD"s Crypto-Asset Reporting Framework to enhance crypto transaction transparency by 2026.

Regulation

Nvidia"s stock drops sharply after the US bans AI chip sales to China, impacting growth plans.

Business

Ripple"s recent achievements spark discussions on an IPO, though the company denies any immediate plans.

Markets

Ethereum struggles to maintain a $3.2K floor amidst significant DeFi market outflows and low buying conviction.

Copyright © 2024 COINNEWSBYTE.COM. All rights reserved. This website provides educational content, emphasizing that investing involves risks. Ensure you conduct thorough research before investing and be ready for any potential losses. For those over 18 and interested in gambling: Online gambling laws differ across countries; adhere to your local regulations. By using this site, you agree to our terms, including the presence of affiliate links that do not impact our evaluations. Cryptocurrency offers on this site are not in line with UK financial promotion regulations and are not aimed at UK consumers.