Vitalik Buterin, The Future Of Ethereum (ETH) And The Challenge Of Quantum Computing – Nation World News

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

Not long ago the founder of Ethereum made public about the future of blockchain which is widely used for various crypto projects. Heres the gist of what he told BUIDL in Asia programahead of plan Sickness going to Ethereum 2.0 Which will be held in September 2022.

The ZK-Rollup project is considered the most important foundation Example The Ethereum blockchain is getting widespread.

There are ZK-rollups Crypto transaction protocol that allows indirect transactions via the Ethereum blockchain aka off-chain,

This method will radically speed up transactions and increase their volume. In the end this will increase efficiency and expand Example Ethereum blockchain itself, including adoption ETH As for its crypto.

This technique is similar to the technique power network Used to improve from 2018 Example Blockchain Litecoin and Bitcoin.

In the long term, ZK-rollups will outperform optimistic rollup techniques, Vitalik said.

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

The discourse on quantum computing, which is considered a major threat to current blockchain technology, including bitcoin, has been going on since 4 years ago.

Because at that time quantum computing technology experienced significant development, after it was proved that it is capable of computing very complex calculations in just 10 minutes. If you use todays supercomputers, it could take up to thousands of years.

Quantum computing does not rely on the combination of 0 or 1 numbers, binary numbers, but on the concept of qubitwhere two states Can run at once, i.e. 0 or 1 and 0 and 1. This may be because the processor does not take advantage of the electrical dynamics of transistors, but particles at the subatomic level.

This means that the computational speed is millions of times higher than that of todays supercomputers and is expected to continue to increase in the future to make it easier for humans to do their jobs.

The problem is that the smarter quantum computers are, the more they threaten current human cryptographic security systems, including the bitcoin blockchain that uses SHA256.

Vitalik Buterin: Googles quantum computer failed

This huge growth in quantum computing was noted by Vitalik last year, that the power of new computers is not a threat now, but will be in the future.

This is because quantum computing promises a new world of derivative technology, but at the same time poses a threat to traditional technology. This is exactly what happened when the first supercomputer was developed.

You can read the Blockchainmedia.id archive Related to quantum computing on this page,

We are currently working with several artificial intelligence researchers to develop new algorithms that can compete with the high capabilities of quantum computing. This is still a long way off, between 10-30 years from now, said Vitalik. he said. [ps]

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Vitalik Buterin, The Future Of Ethereum (ETH) And The Challenge Of Quantum Computing - Nation World News