Ethereum's Quantum Shield: A $1M Bounty to Secure the Future with the Poseidon Prize
Ethereum’s Proactive Stance: Building Quantum Resistance Today The looming specter of quantum computing capable of breaking current cryptographic standards is a significant, albeit distant, threat to the foundations of our digital world – and by extension, Web3. Recognizing this, the Ethereum Foundation (EF) is taking a critical step forward, not just acknowledging the challenge, but actively investing in solutions. Recently, the EF announced the formation of a dedicated post-quantum security team, a clear signal of their long-term vision for Ethereum’s resilience. This initiative is further bolstered by the introduction of the $1 million Poseidon Prize, aimed at hardening a key cryptographic function integral to many of Ethereum’s most promising scaling and privacy solutions. ...