Vitalik Buterin on Quantum Computing and Ethereum Security

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Key takeaways

  • Buterin sees a nontrivial 20% chance that quantum computers could break current cryptography before 2030, and he argues that Ethereum should begin preparing for that possibility.

  • A key risk involves ECDSA. Once a public key is visible onchain, a future quantum computer could, in theory, use it to recover the corresponding private key.

  • Buterin’s quantum emergency plan involves rolling back blocks, freezing EOAs and moving funds into quantum-resistant smart contract wallets.

  • Mitigation means smart contract wallets, NIST-approved…



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Vitalik Buterin on Quantum Computing and Ethereum Security


Key takeaways

  • Buterin sees a nontrivial 20% chance that quantum computers could break current cryptography before 2030, and he argues that Ethereum should begin preparing for that possibility.

  • A key risk involves ECDSA. Once a public key is visible onchain, a future quantum computer could, in theory, use it to recover the corresponding private key.

  • Buterin’s quantum emergency plan involves rolling back blocks, freezing EOAs and moving funds into quantum-resistant smart contract wallets.

  • Mitigation means smart contract wallets, NIST-approved…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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