Vitalik Buterin, the co-founder of Ethereum, believes that Ethereum is well-prepared to defend against a potential quantum computing attack. He suggests a solution involving a hard fork of the blockchain and introducing new transaction types.
In a recent publication on Ethereum Research dated March 9, Buterin explored the hypothetical situation of a “quantum emergency” potentially arising as soon as tomorrow., “Suppose that it is announced tomorrow that quantum computers are available, and bad actors already have access to them and are able to use them to steal users’ funds.” Buterin argued that Ethereum is already “well-positioned” to give a strong defense against a potential quantum computing attack.
He proposed a simple solution involving a hard fork of the blockchain and introducing new transaction types. “The blockchain would have to hard fork and users would have to download new wallet software, but few users would lose their funds,” Buterin explained, outlining the process of recovery in the face of a quantum threat. According to him, the main challenge with quantum computers lies in their impact on cryptographic systems such as Ethereum addresses. These wallets are derived from private keys using elliptic curve multiplicatio
Ethereum Quantum Computing Vitalik Buterin Blockchain Cryptocurrency
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