Vitalik Buterin warns of quantum computers’ risk to Ethereum: Could funds be stolen?

Vitalik Buterin warns of quantum computers' threat to Ethereum.

Ethereum co-founder Vitalik Buterin reassures the crypto community that the ETH blockchain is prepared for a potential quantum threat. He stated that in the event of quantum computers being used by malicious actors to steal funds, Ethereum may implement a hard fork to counter this.

Buterin emphasized that the infrastructure for such a hard fork could start being created as early as the following day, ensuring maximum preparedness.

Quantum-resistant cryptography, like Winternitz signatures and STARKs, aims to prevent such scenarios. Buterin also mentioned the possibility of a sudden quantum transition, suggesting a simple recovery hard fork as a solution. This would require users to download new wallet software, but Buterin believes very few would lose their funds in this scenario.

Gracie Perez

Gracie Perez has been an editor in the KoinHow team since we started. she holds a degree in Computer Sciences. From 2017, She has pivoted his career towards blockchain technology, with principal interest in writing Cryptocurrency news and different guides. She is also working with different online media outlets.

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