May 4
In a setting as dramatic as the challenges they face, Read the full article
seen from United States
seen from United States
seen from Brazil
seen from Canada
seen from Germany
seen from Sweden
seen from China
seen from Australia
seen from China
seen from China
seen from United States
seen from United States
seen from China
seen from Canada
seen from Sweden
seen from United States
seen from Malaysia
seen from Hong Kong SAR China
seen from Sweden
seen from Germany
In a setting as dramatic as the challenges they face, Read the full article
Ethereum Foundation Launches PQS Team, $1M Research Prize
Ethereum Foundation announces $1 million research award and post-quantum security team.
As computing shifts to quantum, the Ethereum Foundation (EF) has created a "Post-Quantum Security" (PQS) team. This calculated action will strengthen the second-largest blockchain against the existential but theoretical threat of “Shor’s Algorithm,” a quantum process that can crack the elliptic curve cryptography that protects hundreds of billions of dollars in digital assets.
Along with the creation of this specialist team, the Foundation awarded a $1 million research prize to foreign cryptographers to develop and test “quantum-resistant” signatures and protocols.
Emerging Quantum Threat
To understand the urgency of blockchain security, analyze its foundation. Ethereum uses public-key cryptography, namely the Elliptic Curve Digital Signature Algorithm, like Bitcoin. Quantum computers use different physical principles than today's supercomputers, making these technologies nearly impossible to abuse.
In principle, a powerful “Cryptographically Relevant Quantum Computer” (CRQC) might calculate private keys from public addresses in hours or minutes. This would allow an attacker to take over any “stale” or “non-migrated” wallet, compromising the ledger. The Ethereum Foundation is taking a “preemptive defense” attitude to ensure a smooth transition to post-quantum (PQ) standards, even though experts expect such a machine to take at least ten years to create.
Meet the Ethereum Cryptographic Shield PQS Team
The newly formed PQS team of leading cryptographers and protocol developers aims to complete the “Quantum Transition.” Implementing post-quantum cryptography on a worldwide decentralized network requires changing transaction signing math, unlike ordinary software upgrades.
Key team objectives:
Standard Selection: Comparing lattices, isogeny, and hashes to find the most efficient and secure cryptographic system. Implementation Research: Developing a way to employ “Account Abstraction” (ERC-4337) to improve security without creating additional wallets.
Proactive auditing identifies “quantum-vulnerable” places in the execution layer and Ethereum PoS consensus mechanism. $1 Million Crowdsourcing Innovation Prize Since the scientific community often has the best answers, the Ethereum Foundation has set aside $1 million for many research projects. This prize fund attracts top university and independent researchers who may not focus on blockchain applications.
Awards are divided into categories like:
Simplifying signatures to fit under Ethereum's block-size limits and withstand quantum attacks is called “signature scheme optimization.”
ZKP Improvements: As Ethereum scales using “Rollup” technology, these ZK-proofs must be quantum-secure. Formal verification uses mathematical reasons to prove new PQ algorithms have no “backdoors” or weaknesses.
Ethereum’s “Quantum-Emergency” Roadmap
Vitalik Buterin, Ethereum co-founder, has discussed a “recovery” approach for an unexpected quantum breakthrough. The network must undergo a “hard fork” to allow only quantum-resistant transactions.
Long-term, the PQS team wants to eliminate emergency forks. By gradually integrating post-quantum signatures like STARKs or Winternitz signatures into the roadmap, the Foundation hopes to create a “hybrid” environment where users can move their assets to safe “quantum-vaults.”
Broader Industry Background
Ethereum is not leading this race. NIST recently approved the first post-quantum cryptography standards in the US. The EF's PQS team will follow these worldwide standards to keep Ethereum compatible with 21st-century digital infrastructure.
Ethereum's decentralization is a problem. Ethereum requires community consensus, unlike centralized banks that may order security updates overnight. The PQS team will provide code and research to help the community make educated network decisions.
Conclusion: Future Decentralization
Ethereum has matured with the Post-Quantum Security team and $1 million incentive. This shifts from reactive “bug-fixing” to proactive “existential engineering.” By investing in future math, the Ethereum Foundation is ensuring that the decentralized web remains a secure sanctuary for value regardless of computing and technology advances.
Ethereum’s ‘London’ hardfork set to go live on testnets starting June 24
The hotly anticipated “London” Ethereum hard fork now has a set block height for three testnets — a key penultimate step toward a full mainnet launch.In a blog post on the Ethereum Foundation’s website, Ethereum core developer Tim Beiko wrote that the Ropsten, Goerli and Rinkeby testnets now have set block heights at which London will go live, with Ropsten expected to be the first at block 10,499,401, or sometime on June 24. Goerli is expected to be next on June 30, and Rinkeby on July 7. A release schedule for the all-important mainnet upgrade is still being determined, however. “As of now, only the testnets (Ropsten, Goerli, Rinkeby) have been scheduled for London. Once the upgrade has successfully been activated on these networks, a block will be set for the Ethereum mainnet and be communicated on this blog and in other venues,” Beiko wrote. The London hard fork upgrade includes five Ethereum Improvement Proposal (EIP) upgrades, but the star of the show is EIP-1559. An overhaul of Ethereum’s existing fee structure, EIP-1559 is expected to reduce gas costs for users significantly. It may also cut into miner revenues by upward of 50%, however, which has led to some grublings about a “miner revolt” that has largely failed to materialize. RELATED: Ethereum’s $1.5B options expiry on June 25 will be a make-or-break momentThe upgrade is considered to be one of many bullish catalysts on the horizon for Ethereum, not least of which is the Ethereum 2.0 upgrade. Eth2 will transition the network to a more scalable proof-of-stake consensus mechanism, which will significantly decrease the energy consumption of validation blocks. The blog post noted that such significant system upgrades to a decentralized system is a feat of coordination.“The decentralized nature of blockchain systems makes a network upgrade more difficult. Network upgrades in a blockchain require cooperation and communication with the community, as well as with the developers of the various Ethereum clients in order for the transition to go smoothly.”Source Read the full article
Ethereum Foundation Devs Discuss ETH2 Launch & Economics
Would you like to earn $ 10,000 a month? Check out our website at our profile address .................... https://smarttradecoinworld.blogspot.com/2020/05/important-information-aim-of-this-white.html?m=1 ................... #ethereumworldnews #ethereumtoday #ethereumtürkiye #ethereumining #ethereumfoundation #ethereumitalia #ethereumindonesia https://www.instagram.com/p/B_0ILvLnRvq/?igshid=1oeehtophktqt
How the Ethereum Foundation Got UNICEF to Embrace Blockchain Donating to the United Nations Children's Fund (UNICEF) may turn out to be the Ethereum Foundation’s shrewdest move yet.
Stanford computer scientists to launch Blockchain Research Center supported by Ethereum Foundation. Members of crypto startups and associations are...
Crypto Startups And Organizations To Sponsor New Blockchain Research Center At Stanford University
#Ethereumfoundation Strikes Deal with Russian Development Bank. https://goo.gl/KTWr6o #Ethereum #cryptocurrency