Ethereum is preparing for a major upgrade that could make it more secure against potential threats posed by quantum computing. This update focuses on a new proposal called EIP-7702, submitted by Vitalik Buterin. This proposal is an improvement over a previous one and addresses some specific technical issues related to signing processes that were considered limitations. before.
Ethereum is preparing for a major upgrade that could make it more secure against potential threats posed by quantum computing. This update focuses on a new proposal called EIP-7702, submitted by Vitalik Buterin. This proposal is an improvement over a previous one and addresses some specific technical issues related to signing processes that were considered limitations. before.
However, a major topic of discussion in the community is the real threat of quantum computing. Some argue that quantum computing is often used as a scare tactic, with no real solutions offered. For example, developer James Prestwich noted that if quantum computing were truly an imminent threat, more drastic measures would be necessary right now. He suggests that raising quantum computing without proposing solid steps toward a solution is not very helpful.
The risk that quantum computing poses to current encryption methods, such as those used on Ethereum, is significant. If quantum technology advances enough to break these methods, it could put the entire system at risk. That’s why there is an urgent call to start moving away from the current encryption standard, ECDSA, which is a fundamental security element in many of Ethereum’s operations.
Vitalik Buterin has been proactive in addressing these concerns in the past. Since 2017, he has been developing code for quantum-resistant wallets, which can be seen in his public work on GitHub. His approach includes focusing on advanced cryptographic methods, known as STARK protocols. These are considered a promising defense against quantum attacks. Buterin advises that the best course of action is to continue refining these protocols and ensure that every new development on Ethereum is compatible with a future where quantum resistance is necessary.
EIP-7702 is not just about defending against quantum computing. It also introduces features such as signature aggregation, which could become more important as the technology evolves to meet new challenges. This proposal is part of a broader strategy to not only address immediate concerns but also ensure that Ethereum remains secure and functional in the face of future technological advances.
