Home Ethereum Eyes Post-Quantum Security For Just 7 Cents

Ethereum Eyes Post-Quantum Security For Just 7 Cents

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Ethereum Eyes Post-Quantum Security For Just 7 Cents
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Ethereum researchers are working on a new way to protect user accounts from future quantum computing threats without needing a hard fork. The solution could cost as little as seven cents per account.

Led by Ethereum Foundation researcher Nicolas Consigny, the plan uses Ethereum’s current system and an optimized version of the SPHINCS+ signature standard, which works with the Ethereum Virtual Machine and keeps costs low.

This comes as people worry that quantum computing could one day threaten the cryptography behind major blockchains.

The proposal introduces SPHINCS-, an Ethereum-focused version of the well-known SPHINCS+ post-quantum signature system. SPHINCS+ is very resistant to quantum attacks, but its large signatures have made it costly to use on blockchains.

To fix this, researchers swapped the standard SHAKE256 hashing function for KECCAK256, which is Ethereum’s own hashing method. Since Ethereum is already set up to use KECCAK256 efficiently, this change cuts verification costs a lot. The research says post-quantum signatures could be checked for about 150,000 gas, making them practical for regular users.

Several well-known Ethereum contributors, including co-founder Vitalik Buterin and researcher Justin Drake, have given input on the proposal. Their involvement shows how seriously the Ethereum community is taking this issue.

The urgency comes from recent progress in quantum computing. While today’s blockchain cryptography is still safe, researchers have shown small successes in breaking cryptographic keys with quantum hardware.

These tests are not a threat to Bitcoin or Ethereum yet, but they remind the industry to prepare before quantum computers get strong enough to break current encryption.

While many other blockchains still use traditional cryptography, Ethereum is taking steps to prepare for a post-quantum future. If this proposal works, it could be one of the first real examples of quantum-resistant account security and help keep Ethereum safe as technology changes.

Source: TradingView

 

 

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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