Ethereum Co-Founder Vitalik Buterin Recently, the Ethereum community has expressed concerns about the impact of quantum computing.ETH) network.
The aforementioned is a post Buterin, in an email dated March 9, addressed to Ethereum research, presented a hypothetical scenario where malicious actors could use quantum computers to compromise the funds of users. He claimed that Ethereum has a recovery plan in place to minimize the impact of such threats on users.
Buterin’s proposition also includes the option of a “quantum emergency,” What is the best way to get in touch with you? quantum computing The ability to steal Ethereum assets on a large scale could be a result of these capabilities. He proposed a response plan that includes a hard fork to the Ethereum network. This would restore the network’s state to the one it was in before the thefts started and require users to use new wallet software to prevent future attacks.
The solution proposed relies on the disabling of traditional transaction mechanisms and replacing them with a new type of transaction designed to protect quantum vulnerabilities.
Winternitz Signatures are required for this new transaction type as described in Ethereum Improvement Proposal 7560. zero-knowledge proof technologiesSTARKs, to be precise. These technologies are designed to protect transactions from quantum attacks, by preventing the disclosure of a user’s private keys during transactions.
The proposal also introduces ERC-4337 account abstraction For smart contract wallets: enhancing security through preventing the exposure of private keys during the signing process.
Buterin assures users who haven’t executed transactions on their devices Ethereum wallets Only their wallet addresses will be made public. He also said that the infrastructure required to implement the proposed hard-fork could theoretically be developed immediately.
It is not a new discussion about quantum computing and the potential threat it poses to blockchain security. In the Ethereum community, different solutions and preventive actions have been explored. Some of these include the use of quantum-resistant algorithms and early warning systems using machine learning to detect abnormal transactions.
In spite of these concerns, computer scientists and developers on the blockchain agree that quantum computers capable of breaking encryption are still several years off. estimates The timeframe is around 2029. It allows for continuous preparation and development to ensure security of blockchain assets in the face of future quantum computing attacks.
The need to keep up with the security arms race is evident in the interest shown in protecting Ethereum from quantum computing. In order to maintain the integrity of blockchain technology, innovations such as Lamport signatures and quantum-resistant smart contracts wallets are being implemented.
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Source: crypto.news
