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One of the greatest innovations discovered in the realm of computer science is quantum computing. While this promises huge benefits for humanity, there are threats related to what quantum computing can cause.

Speaking at the ETHTaipei, Vitalik Buterin explained the potential of quantum computing in the blockchain space, what is being done today, and how to stand against quantum-based threats in the industry.

Quantum-enabled threats refer to cybersecurity risks and vulnerabilities that arise from advancements in quantum computing technology.

Quantum computing has the potential to transform computing by solving complex problems much faster than traditional computers. However, this same power can also pose a huge challenge to current encryption methods.

One major concern is that quantum computers could render many current encryption algorithms obsolete.

For example, algorithms used to secure sensitive data during transmission, such as RSA and ECC (Elliptic Curve Cryptography), rely on mathematical problems that are difficult for traditional computers to solve but could be easily solved by quantum computers using algorithms like Shors algorithm.

As a result, sensitive information protected by these encryption methods could become vulnerable to interception and decryption by adversaries with access to quantum computers. This includes personal data, financial transactions, government communications, and more.

Quantum-enabled threats also include the potential for quantum attacks on blockchain networks and other decentralized systems.

These attacks could compromise the integrity of transactions, disrupt consensus mechanisms, and undermine the security of digital assets.

Vitalik mentioned that despite concerns about these threats, there are quantum-resistant algorithms available for every vulnerable aspect affected by quantum computers.

Quantum computers break existing elliptic curve signatures, but we have various quantum-resistant alternatives based on hash functions, lattices, and isogenies, he added.

He continued, explaining that although solutions like lattice-based and isogeny-based algorithms, as well as Starks, have been theoretically addressed, they are not yet entirely practical.

However, he also disclosed that there are currently systems in place with recovery mechanisms to protect most funds. Efforts are ongoing to achieve complete quantum resistance for both users and protocols.

To tackle this challenge effectively, he explained that incorporating account abstraction would enable users to select quantum-resistant signature algorithms.

This means that users would have the option to utilize signature algorithms that are resilient against attacks from quantum computers, thus enhancing the security of their accounts and transactions.

He also suggested enhancing the Ethereum consensus layer to withstand quantum attacks. He proposed reconsidering the use of current signature schemes like BLS, advocating for the adoption of 8192-bit signatures per slot as a more secure option.

BLS (Boneh-Lynn-Shacham) signatures play an important role in Ethereum, particularly in its beacon chain protocol for Proof of Stake. These signatures offer efficient signature aggregation and verification, enhancing scalability and efficiency within the network.

Using BLS signatures with the BLS12-381 elliptic curve, Ethereum can reduce computational costs and improve the verification process, which makes it more scalable.

In the context of Ethereum, 8192-bit signatures refer to the number of signatures processed per slot in the Ethereum chain. This specific number is significant because it represents the load that the Ethereum network has to handle in terms of signatures per slot, impacting the efficiency and scalability of the system.

The handling of 8192 signatures per slot is crucial for Ethereums Proof of Stake mechanism, where validators sign messages to secure the network.

This high volume of signatures poses technical challenges due to the computational complexity involved in processing and verifying such a large number of signatures. The goal is to manage this load effectively while maintaining network security and decentralization.

In summary, Vitalik envisions a future where quantum threats will pose challenges to the blockchain space. To address this inevitable scenario, he suggests that beyond the ongoing experiments, there may be a need to transform the Ethereum blockchain into a quantum-threat-resistant infrastructure.

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Vitalik Buterin on tackling quantum threats in blockchains - CryptoTvplus

The world of cryptocurrency continues to be a hotbed of innovation and debate. This week, two major stories dominated the headlines: Vitalik Buterins endorsement of Layer-2 (L2) solutions for Ethereum and the explosive rise of a brand new memecoin, Rebel Satoshi ($RBLZ).

Layer-2 solutions have been gaining traction recently. They promise to address Ethereums scalability issues and alleviate the burden of high transaction fees. Buterins support for these solutions underscores their importance in the ongoing development of the Ethereum network.

By implementing Layer-2 solutions, Ethereum can potentially process a higher number of transactions per second, making it more efficient and accessible to users. This scalability upgrade is crucial for Ethereum to maintain its position as one of the best cryptocurrency platforms in the market.

Amidst Buterins call for Layer-2 enhancements, the cryptocurrency community has witnessed the emergence of a fresh memecoin on the Uniswap exchange Rebel Satoshi ($RBLZ). Memecoins, while often associated with humor and irreverence, have become a significant part of the crypto landscape, offering entertainment and investment opportunities.

Rebel Satoshi ($RBLZ) stands out as one of the best memecoins to watch, promising lucrative opportunities for investors seeking to diversify their portfolios. With its unique governance and membership token system, $RBLZ allows users to become Recusant members and gain access to a vibrant ecosystem, including exclusive NFT collections and community governance participation.

Investors diving into Rebel Satoshis universe are met with a plethora of unique assets and characters, each with its distinct features and roles. From Rebel Satoshi himself to Rac Catesby, Thomas The Owl, BW Wintour, and Red Wintour, users have the chance to explore and collect these assets, potentially earning a coveted spot in the Rebel Meme Hall of Fame.

As one of the top altcoins to watch, Rebel Satoshi ($RBLZ) represents more than just a memecoin; it embodies a rebellious spirit and a sense of community among its holders. With the ongoing development and expansion of the Rebel Satoshi ecosystem, theres no telling what exciting opportunities lie ahead for investors and enthusiasts alike.

In addition to Rebel Satoshi ($RBLZ), the Rebel Satoshi ecosystem has introduced another token Rebel Satoshi Arcade ($RECQ). Serving as the native transactional token, $RECQ facilitates various interactions within the ecosystem, including purchasing NFTs, accessing arcade games, and paying fees.

Currently in its presale stage, $RECQ presents investors with another opportunity to participate in the growing Rebel Satoshi universe. With its Early Bird presale price of $0.002, now is the perfect time for investors to get involved and explore the potential rewards and opportunities offered by this new token.

As Vitalik Buterin advocates for Layer-2 solutions to enhance Ethereums scalability, the cryptocurrency market continues to see the emergence of exciting projects like Rebel Satoshi ($RBLZ) and Rebel Satoshi Arcade ($RECQ). These tokens offer lucrative investment opportunities and embody the innovative spirit driving the evolution of the crypto space. As investors navigate this dynamic landscape, staying informed and seizing opportunities is key to maximizing returns and embracing the future of cryptocurrency.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Vitalik Advocates for Layer-2s on Ethereum, Uniswap's Fresh Memecoin Promises Lucrative Opportunities - NewsBTC

Vitalik Buterin touched on staking solutions on Ethereum at the ETHTaipei event in Taiwan. In his speech, Buterin stated that he understood the concerns of centralisation and mentioned the Rainbow Staking solution.

Stating that both staking in general and liquid staking tokens have started to pose a danger of centralisation on the Ethereum blockchain, Buterin pointed out that the number of single-person stakers is very small. Buterin stated that in addition to the financial difficulty of owning 32 ETH, there are also technical difficulties such as running its own node.

As it is known, in order to be able to stake and verify in the Ethereum network, a person must have at least 32 Ether. Today, this figure corresponds to approximately $115,000. And users who do not have such financial power but want to stake, entrust their Ether to platforms that provide liquid staking services. The most well-known platform in this regard is Lido Finance. lido currently has more than 60% dominance in the Ethereum staking area. According to many experts and analysts, this creates a serious danger of centralisation.

The Rainbow Staking solution proposed by Buterin against this threat suggests two types of heavy and light staking:

You basically try to explicitly separate out those two and potentially require both heavy stakers and light stakers to sign off on a block in order for the block to get finalized, he said. So you try to add the security of both of those approaches together.

In rainbow staking, heavy stakers, in other words those who have more Ether, can sign every slot. However, on the other hand, light stakers can sign the slots with a lottery system.

Buterin added that serious research and studies are still needed to develop and implement this system, and he made the following statements:

To me, the biggest questions here are not even technical; theyre philosophical. It is important to understand the intended answer behind ways to enable lazy ETH holders who want rewards to participate in securing the Ethereum network. Buterin said.

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Vitalik Buterin unveils plan to secure Ethereum with 'Rainbow Staking' - Uzmancoin

Ethereum, the trailblazer in the world of smart contracts, is at a crucial turning point. Thanks to the successful roll-out of the Dencun hard fork, its gearing up for an exciting new chapter that zeroes in on Layer-2 (L2) solutions. This big move, which even Ethereums co-founder Vitalik Buterin is talking up, marks a huge step forward into making things faster and more efficient.

But its not just Ethereum thats gearing up for a bullish future. InQubeta, a top ICO in the field, an AI-powered altcoin, is also gaining traction, indicating a potentially optimistic future for the blockchain space.

The recent Dencun hard fork marks a monumental step for Ethereum, ushering in an era where Layer-2 solutions take center stage. At ETH Globals Pragma London, Buterin got real about whats next. He pointed out that weve made some progress with basic rollup scaling, but were not at the finishing line yet getting to full scalability is going to be a step-by-step journey.

The big focus now is on building decentralized apps right on those Layer-2 platforms. This isnt just tech talk its about slashing costs and making the whole network run smoother and faster. This paradigm shift is vital for Ethereums mission to have a broader impact on the internet and traditional financial systems, moving beyond its first decade of inward-focused development.

Parallel to Ethereums evolution, Optimism stands out as a prominent Layer-2 solution. By leveraging the security of Ethereums mainnet, Optimism aims to scale the ecosystem with its optimistic rollups.

Hosting over 97 protocols and harboring more than $500 million in Total Value Locked (TVL), Optimism is shaping up as a crucial player in the Ethereum landscape. Its approach simplifies user interaction with the Ethereum network, providing a seamless transition for those venturing into Layer-2 solutions.

In the shadow of Ethereums transformative journey and Optimisms rise, a new ICO is making waves: InQubeta, an AI-powered altcoin set to challenge the status quo.

InQubeta is not just another addition to the top ICO list; its a paradigm shift, leveraging AI technology to foster innovation and growth in blockchain applications. By providing a platform for fractional investment in AI startups, InQubeta has the potential to break down barriers and democratize access to investment opportunities that were once exclusive to tech elites.

Any startup seeking funds can issue popular NFTs on InQubeta, putting them up for sale. QUBE holders can either own the entire NFT or just a fraction of it, based on their risk appetite. This entitles them to own shares in a promising venture, which if successful, can reap significant rewards.

QUBE, being a deflationary ERC20 coin is not only rewarding, but also transforms the way AI companies are funded and investors are benefited. The success of its ongoing presale, amassing over $12 million, shows the market confidence in this new blockchain ICO.

As InQubeta continues to gain traction, its set to reshape the AI crypto landscape. Its roadmap, brimming with ambitious projects such as the launch of an NFT marketplace and cross-chain expansion, positions InQubeta at the forefront of AI and blockchain integration. This bold vision could significantly influence the future trajectory of the crypto market, much like Ethereums shift towards a Layer-2 centric future and Optimisms growing adoption.

The world of blockchain is changing big time. Ethereum is moving towards innovative Layer-2 solutions, and with new players like Optimism and InQubeta popping up, were stepping into a whole new era of crypto. This shift is all about making things bigger, faster, and easier for everyone.

InQubeta is bringing some fresh ideas to the table, and along with the latest updates from Ethereum and Optimism, we could be on the brink of something exciting for blockchain and AI. As everything keeps moving, these changes could seriously shake up what we thought was possible in the worlds of crypto and AI. Its a thrilling time to be watching this unfold, but make sure to do proper research before investing.

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Vitalik Buterin Says Ethereum Requires Mindset Shift for Global Reach; Optimism & New AI Altcoin Anticipate Bullish ... - CoinJournal

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news editorial.

The purge, the splurge, and the scourgethese are the terms the eponymous co-founder of Ethereum, Vitalik Buterin, used to describe the upcoming changes to Ethereum at a recent event in London.

Every week, crypto.news brings you #hashtag hearsay, a gossip column of scoops and stories shaping the crypto world. If you have a tip, email Dorian Batycka at [emailprotected]

On March 14, luminaries from the Ethereum community and beyond descended on London for ETHGlobals Pragma conference. Spearheaded by speakers like Vitalik Buterin and fellow Ethereum researcher Justin Drake, Chainlinks Sergey Nazarov, and Lens Protocols Stani Kulechov, the event took place in Christ Church Spitalfields, with attendeesincluding myselfanxious to know where Ethereum is headed post-Dencun upgrade.

Buterin began by stating that the Ethereum ecosystem is in the process of making a very big transition.

According to Buterin, this transition will shift from a focus on layer-1s (L1s) and core developer-centric advancements to enhancing usability and layer-2 (L2) solutions, like zkSync, Arbitrum, and Optimism.

The way that I see it is that the first decade of Ethereum is this kind of mostly inwardly focused ecosystem, developing things for itself, focused on being tech geeks, trying to satisfy tech geeks and creating beautiful technology. But the second decade of Ethereum needs to actually have a big impact on the real world.

Roll-ups, a key player in this transition, are L2 solutions that process and store transaction data on a sidechain before bundling (or rolling up) transactions together onto the main Ethereum chain, significantly enhancing scalability and efficiency without compromising security.

Buterin says that whats next is a shift towards more scalable, secure, and user-friendly horizons. Following the Dencun upgrade, which saw some L2s like Starknets gas fees reduced by as much as 99%, Ethereums stride towards achieving basic roll-up scalinga leap made possible through advancements in technology like EIP-4844 and the roll-up technology spearheaded by teams like Arbitrum, will now shift focus to allow for more user-friendly applications to take root on Ethereum.

We have officially hit basic roll-up scaling, but we still have full roll-up scaling to go, Buterin articulated, marking this milestone as the onset of a journey toward fully unlocking Ethereums scalability potential.

However, Buterin cautioned that more work is still needed. This he referred to as the purge.

We do not want the Ethereum protocol to be something that just keeps on accumulating junk, Buterin added, underscoring the necessity of a lean and agile blockchain protocol for Ethereums future. We want Ethereum to become cleaner, and this is what the purge is about; its about making users lives easier.

Then you have the splurge, Buterin said. Account abstraction, Ethereum Virtual Machine (EVM) improvements, making the EVM more friendly to advanced cryptography.

Lastly, Buterin described the scourge [] which is dealing with economic centralization risk and mitigating it. Referring to maximum extractable value (MEV) searchers and liquid staking, Buterin said that the next phases of Ethereum upgrades will work on mitigating the risks posed by economic centralization.

The elephant in the room at any Ethereum conference is, however, often Solana.

According to DefiLlamas data, over the last four months, Solana has significantly outperformed in terms of DEX volume, recording a total volume of $98.54 billion. This starkly contrasts with Ethereum mainnets $32.16 billion, not even reaching one-third of Solanas volume. When taking into account all Ethereum L2 solutions, the combined volume only reaches $67.31 billion, highlighting a clear dominance by Solana.

In the past 90 days, Ethereum hasnt led in volume on any day, with Solana consistently holding the top spot and BSC making occasional appearances.

While Ethereum enthusiasts may hold onto their narratives, the numbers paint a different picture. Given Solanas performance, Ethereum upgrades seem to be playing catchup; think again.

According to Justin Drake, a researcher at the Ethereum Foundation, the potential of Ethereum sharding and shared infrastructure components like settlement and data availability will eventually enhance the networks performance. Comparing developments to low-network fee blockchains like Solana, Drake introduced the concept of shared sequencing and execution as forward-looking innovations designed to boost Ethereums composability and efficiency. In some sense, were trying to recreate the user experience of Solana low latency user experience with synchronous composability on Ethereum, Drake said.

Beyond the technical developments, a theme echoed frequently at Pragma in London was that by moving away from Ethereums tech-centric approach, the blockchain should now focus on more user-friendly and accessible apps for end-users.

Pedro Gomes, founder of Wallet Connect, said that user experience-focused upgrades need to happen within Ethereum, a claim echoed by several of the other speakers as well. Nick Johnson, founder of the Ethereum Naming Service (which just inked a deal with GoDaddy), said that naming is ultimately a usability issue. While Anurag Arjun, founder of Avail and former Polygon dev, opined that roll-ups will eventually lead to greater user experience. I am very bullish on app-specific roll-ups, roll-ups that become mature to a point when app devs will find them easy to use and integrate almost seamlessly.

What does this all mean for the Ethereum post-Dencun update? Ethereums past and its trajectory toward a more accessible, secure, and scalable future serve as a reminder of the blockchains foundational goals. Its not just about creating a decentralized platform but about ensuring that Ethereum evolves to meet the needs of its growing community and the broader digital ecosystem. As Ethereum continues on its roadmap, the numerous challenges aheadnot least of which include formidable competition from Solanaremain plentiful.

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Is Vitalik worried about Solana? What's next for ETH post-Dencun? These and more insights #hearsay | Opinion - crypto.news