Ethereumis preparing for an important update that will make quantum computing more secure against possible threats. This update focuses on a new offering called EIP-7702 proposed by Vitalik Buterin. This proposal is an improvement over a previous proposal by addressing certain technical issues related to signing processes.
However, there is a significant debate among the community about the real threat of quantum computing. Some argue that quantum computing is often used as a scare tactic without real solutions being offered. For example, developer James Prestwich noted that if quantum computing were truly an imminent threat, stricter measures would be required now. Prestwich stated that bringing up the issue of quantum computing is not very useful without proposing concrete solutions. does.
I’ve been creating quantum-resistant account abstracted wallet codes since 2017!https://t.co/I1vWaC2Igc
As for quantum-proofing the rest of the protocol, I think the issue is that all of the best strategies piggyback on recursive STARKs, and so the best thing to do today is to…
NEWS CONTINUES BELOW— vitalik.eth (@VitalikButerin) May 7, 2024
The risk that quantum computing poses to existing encryption methods, such as those used in Ethereum, is significant. If quantum technology advances enough to break these methods, it could potentially put the entire system at risk. Therefore, there is an urgent call to start moving away from the current encryption standard ECDSA, which is a key security element in many of Ethereum’s transactions.
Vitalik Buterin has taken a proactive approach to addressing these concerns in the past. Since 2017, he has developed code for quantum attack-resistant wallets in his public works on GitHub. This approach includes a focus on advanced cryptographic methods known as STARK protocols. These protocols are considered a promising defense against quantum attacks. Buterin advises that the best approach is to continue improving these protocols and ensure that quantum resilience is required for every new development in Ethereum.
EIP-7702 not only provides defense against quantum computing, but also brings features such as signature fusion that show how the technology can address new challenges. This proposal is part of a broader strategy to address immediate concerns as well as ensure Ethereum remains secure and functional against future technological developments.
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