Ethereum Foundation Forms Team to Tackle Quantum Computing Threats

The Ethereum Foundation has initiated a specialized research team focused on post-quantum security to counter potential risks posed by quantum computing advancements. According to NS3.AI, this decision comes in response to significant progress in quantum computing, underscored by recent studies from Google and warnings from Ethereum co-founder Vitalik Buterin about potential threats by 2028. The Foundation is incentivizing the development of quantum-resistant cryptography with a $1 million prize and aims to transition fully to post-quantum security without any loss of funds or operational downtime.