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Vitalik Buterin, The Future of Ethereum (ETH) and the Challenges of Quantum Computing

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Vitalik Buterin believes that the future of the Ethereum blockchain and encrypted ETH is bright, but there are still many challenges to be solved.

Not long ago, the founders of Ethereum opened up about the future of the blockchain that is widely used in various crypto projects.This is the gist of what he said BUIDL program in Asiaplan in advance disease coming soon Ethereum 2.0 It will be held in September 2022.

Vitalik Buterin and the ZK-Rollup project

The ZK-Rollup project is considered the most important foundation example The Ethereum blockchain is gaining popularity.

Has ZK-rollups A cryptographic transaction protocol that allows indirect transactions through the Ethereum blockchain off-chain,

This approach will radically speed up transactions and increase transaction volumes.Ultimately, this will increase efficiency and expand example The Ethereum blockchain itself, including adoption Ethereum As for its cryptocurrency.

Vitalik Buterin, The Future of Ethereum (ETH) and the Challenges of Quantum Computing

The technique is similar to this grid For improvements starting in 2018 example Blockchain Litecoin and Bitcoin.

“ZK-rollups will outperform optimistic rollups in the long run,” Vitalik said.

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Vitalik Buterin, The Future of Ethereum (ETH) and the Challenges of Quantum Computing

Prepare for powerful computing threats

Again according to Vitalik, Ethereum developers should be prepared to face the threat of quantum computing, which is expected to grow exponentially in speed.

Quantum computing is considered a major threat to current blockchain technology, including Bitcoin, and has been discussed since 4 years ago.

Because at that time quantum computing technology had made great progress, proving that it could complete very complex calculations in just 10 minutes. If you use today’s supercomputer, it could take thousands of years.

Image results for bits and qubits

Quantum computing does not depend on combinations of 0 or 1 numbers, binary numbers, but on qubitWhere two states Can run simultaneously, ie 0 or 1 and 0 and 1. This may be because processors do not exploit the electrodynamic properties of transistors, but subatomic-scale particles.

That means computing speeds are millions of times faster than today’s supercomputers, and are expected to continue to improve in the future, making work easier for humans.

Vitalik Buterin, The Future of Ethereum (ETH) and the Challenges of Quantum Computing

The problem is that the smarter quantum computers are, the more they pose a threat to current human cryptographic security systems, including the Bitcoin blockchain that uses SHA256.

Vitalik Buterin: Google’s quantum computer failed

Last year, Vitalik noticed a huge growth in quantum computing, the power of new computers not a threat now, but the future.

That’s because quantum computing promises a new world of derivative technologies, but it also poses a threat to traditional technologies. This is exactly what happened when the first supercomputers were developed.

You can read the Blockchainmedia.id archive This page is related to quantum computing,

“We are currently working with several AI researchers to develop new algorithms that can compete with the high performance of quantum computing. This is still a long way off, between 10 and 30 years from now,” Vitalik said. He says. [ps]

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