Ethereum on the path to quantum resilience
The Ethereum cryptocurrency, the second largest after Bitcoin, is about 20% on its way to ensuring the quantum resilience of its network. This was reported in an interview with Cointelegraph by researcher Antonio Sanso.
According to him, the Ethereum development team has a 'clear plan' to protect the network from potential attacks by quantum computers in the future. This plan includes major updates to several key components of the ecosystem: the consensus mechanism, the smart contract execution system, and even the way data is stored.
Ethereum Updates
One of the major Ethereum updates is the transition from the Proof-of-Work (PoW) algorithm to Proof-of-Stake (PoS). This transition, also known as 'The Merge', will increase the efficiency of the network and reduce its energy consumption, but will also make it more resilient to attacks by quantum computers.
In addition, Ethereum developers are working on major updates to the data storage system, including 'data blobs' technology. These changes will not only increase the network's throughput, but also improve its quantum resilience.
Expert assessment
Researcher Antonio Sanso believes that Ethereum has already passed about 20% of the way to full quantum resilience. Given the ambitious plans of the developer team and the importance of this issue, we can expect that in the coming years Ethereum will make significant progress in ensuring its security in the post-quantum era.