https://coingeek.com/microsoft-to-ship-world-most-advanced-quantum-computer-in-2025/
Not sure if the new computer chip was already posted in this thread.
Do you guys think it affects bitcoin price?
There are plans to upgrade the Ethereum cryptography before quantum computers pose a risk.
https://thequantuminsider.com/2024/10/30/ethereum-prepares-for-quantum-resistant-future-amid-security-push/#:~:text=Ethereum%2C%20a%20major%20player%20in%20blockchain%20technology%2C%20isn%E2%80%99t,risks%20from%20quantum%20computing%2C%20according%20to%20recent%20reports.
Ethereum Prepares for Quantum-Resistant Future Amid Security Push- Ethereum’s roadmap, led by co-founder Vitalik Buterin, includes “The Splurge,” a strategic phase focused on building defenses against future quantum computing threats to ensure blockchain security remains intact.
- New upgrades, like lattice-based cryptography and account abstraction, aim to protect Ethereum from potential quantum attacks while also optimizing transaction processing, a move set to benefit high-security sectors such as finance and healthcare.
- By testing quantum-resistant algorithms on layer 2 solutions, Ethereum can gauge their effectiveness before a full network rollout, allowing a cautious, flexible approach to implementing advanced cryptographic safeguards.
Ethereum, a major player in blockchain technology, isn’t waiting for quantum computers — the cryptocurrency development team is taking steps right now to future-proof itself against potential security risks from quantum computing, according to recent reports.
Led by co-founder Vitalik Buterin, Ethereum’s latest phase of development, dubbed “The Splurge,” focuses on enhancing cryptographic safeguards and advancing the Ethereum Virtual Machine (EVM) with features designed to withstand the eventual impact of quantum computing on cryptographic protections. This strategy emerges even though fully capable quantum computers remain hypothetical.
The risks of quantum computing are well-understood in theory: if developed to a sufficient scale, quantum computers could theoretically break traditional encryption methods, posing serious security risks for digital systems, including blockchains.
“Preparing for these future developments remains an essential aspect of the network’s evolution,” Buterin said in a recent roadmap update. He points out that the progression toward “quantum-resistant algorithms” will be a cornerstone of Ethereum’s long-term security, protecting the network from future vulnerabilities. Buterin shared this view in the post that also detailed how quantum resistance and other cryptographic upgrades will be woven into Ethereum’s foundational code.
Pushing Quantum ResistanceTo achieve quantum resilience, The Splurge — which also poetically ties to the “merge” and “surge” upgrades — introduces foundational cryptographic upgrades, including lattice-based cryptography. This method, unlike traditional cryptographic protocols, is considered resistant to quantum attacks due to its complex mathematical structure. Fault-tolerant quantum computers, while still hypothetical, could theoretically unravel encryption by solving mathematical problems that currently underpin secure transactions, according to the post. Lattice-based cryptography, if successfully integrated, could resist such attempts, ensuring Ethereum’s transactions and assets remain secure as quantum capabilities grow.
According to a report from CryptoNews, Ethereum’s gradual progression — marked by previous upgrades like The Merge, The Surge, and The Scourge — has set a strong foundation for these next cryptographic advances. Ethereum has historically aimed to improve scalability and security, but The Splurge represents a significant evolution in the blockchain’s ability to proactively address threats.
