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Ethereum Foundation Backs New Post-Quantum Security Venture, ZKNox
The post Ethereum Foundation Backs New Post-Quantum Security Venture, ZKNox appeared on BitcoinEthereumNews.com. Ethereum Foundation has made a big Move in protecting Ethereum from post-quantum hacks and threats. Do you also worry about the fact that one day Quantum computers will advance to the level of breaking the cryptographic foundations? Well, if yes, your worry is legit since Web3’s top layer networks can suffer potential disruptins from it, such as Ethereum. Researchers and Analysts have long been worried from the looming threats on the cryptographic foundations from the ongoing advancements in the Quantum Computing world. For instance, in December 2024, Google unveiled the Willow quantum-computing chip, a 105-qubit processor that achieved a significant milestone in quantum error correction. Though it is not yet powerful enough to threaten Bitcoin’s encryption, which would require millions of qubits – the advancement did exemplify the need for the crypto community to explore quantum-resistant cryptographic solutions proactively.In a step towards leading the required solutions and ways, Ethereum Foundation, the non-profit that manages Ethereum, has announced its grant support for a new venture – a post-quantum cryptography focused research organisation – ZKnox.Though the exact amount of grant was not unveiled, ZKNox is set to work towards improving the post-quantum cryptography as quantum computing is evolving at an unprecedented pace. Ethereum’s Push for Post-Quantum Security Quantum computing has long been viewed as a potential disruptor to current cryptographic systems, including those securing blockchain network. Infact, Vitalik Buterin, Ethereum’s co-founder, has also previously discussed the importance of quantum resistance and potential migration strategies to ensure that the blockchain remains secure in the coming decades. He has had suggested a strategic hard fork combined with the adoption of quantum-resistant cryptographic techniques. Coming near to its fruition, through its grant program, the Foundation aims to support initiatives like post-quantum (PQ) cryptography-focused ZKNox that can future-proof Ethereum and other blockchain networks from potential quantum-based…
The post Ethereum Foundation Backs New Post-Quantum Security Venture, ZKNox appeared on BitcoinEthereumNews.com.
Ethereum Foundation has made a big Move in protecting Ethereum from post-quantum hacks and threats. Do you also worry about the fact that one day Quantum computers will advance to the level of breaking the cryptographic foundations? Well, if yes, your worry is legit since Web3’s top layer networks can suffer potential disruptins from it, such as Ethereum. Researchers and Analysts have long been worried from the looming threats on the cryptographic foundations from the ongoing advancements in the Quantum Computing world. For instance, in December 2024, Google unveiled the Willow quantum-computing chip, a 105-qubit processor that achieved a significant milestone in quantum error correction. Though it is not yet powerful enough to threaten Bitcoin’s encryption, which would require millions of qubits – the advancement did exemplify the need for the crypto community to explore quantum-resistant cryptographic solutions proactively.In a step towards leading the required solutions and ways, Ethereum Foundation, the non-profit that manages Ethereum, has announced its grant support for a new venture – a post-quantum cryptography focused research organisation – ZKnox.Though the exact amount of grant was not unveiled, ZKNox is set to work towards improving the post-quantum cryptography as quantum computing is evolving at an unprecedented pace. Ethereum’s Push for Post-Quantum Security Quantum computing has long been viewed as a potential disruptor to current cryptographic systems, including those securing blockchain network. Infact, Vitalik Buterin, Ethereum’s co-founder, has also previously discussed the importance of quantum resistance and potential migration strategies to ensure that the blockchain remains secure in the coming decades. He has had suggested a strategic hard fork combined with the adoption of quantum-resistant cryptographic techniques. Coming near to its fruition, through its grant program, the Foundation aims to support initiatives like post-quantum (PQ) cryptography-focused ZKNox that can future-proof Ethereum and other blockchain networks from potential quantum-based…
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