Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: NikeFit_7777 on March 25, 2024, 08:27:50 AM
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During the Ethtaipei 2024 event in Taiwan, Vitalik Buterin shared several ideas for Ethereum development:
1. Vitalik introduced Rainbow Staking, which will allow integrating various protocol services in a more convenient form. The architecture of the concept is suitable for a wide range of network participants - as different as the colors of the rainbow.
2. Rainbow Staking will in turn solve the problem of moving to single-slot finality (SSF) - Buterin's concept that blocks can be offered and completed in the same slot. In this way, the process of confirming blocks on the network can be accelerated.
3. Vitalik also mentioned the risks associated with quantum computers - in order to protect the network from unauthorized access, a "recovery hardfork" can be performed. The network is ready for the upgrade.
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1. Vitalik introduced Rainbow Staking, which will allow integrating various protocol services in a more convenient form. The architecture of the concept is suitable for a wide range of network participants - as different as the colors of the rainbow.
2. Rainbow Staking will in turn solve the problem of moving to single-slot finality (SSF) - Buterin's concept that blocks can be offered and completed in the same slot. In this way, the process of confirming blocks on the network can be accelerated.
For curious reader, some technical detail can be found on https://ethresear.ch/t/unbundling-staking-towards-rainbow-staking/18683/1 (https://ethresear.ch/t/unbundling-staking-towards-rainbow-staking/18683/1). I only briefly read it, but i like the idea allowing people with weak hardware to perform staking with less punishment.
3. Vitalik also mentioned the risks associated with quantum computers - in order to protect the network from unauthorized access, a "recovery hardfork" can be performed. The network is ready for the upgrade.
I don't like this idea, since it reminds me of DAO which leads to hard fork. If he want avoid risk associated with quantum computers, IMO he should've suggest switching to quantum-resistant cryptography as high priority.
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3. Vitalik also mentioned the risks associated with quantum computers - in order to protect the network from unauthorized access, a "recovery hardfork" can be performed. The network is ready for the upgrade.
I don't like this idea, since it reminds me of DAO which leads to hard fork. If he want avoid risk associated with quantum computers, IMO he should've suggest switching to quantum-resistant cryptography as high priority.
I never saw any professional really considering quantum computer a serious threat. I believe cryptography will just evolve, like you said, "quantum-resistant cryptography" is coming (maybe already even exists). Basically all internet and the banking system relies on cryptography.
Offtopic: I think ABCbits and NotATether are using the same avatar, which is not ideal AFAIK.
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3. Vitalik also mentioned the risks associated with quantum computers - in order to protect the network from unauthorized access, a "recovery hardfork" can be performed. The network is ready for the upgrade.
I don't like this idea, since it reminds me of DAO which leads to hard fork. If he want avoid risk associated with quantum computers, IMO he should've suggest switching to quantum-resistant cryptography as high priority.
I never saw any professional really considering quantum computer a serious threat.
Yes, but i recall few of them begin advising using quantum-resistant cryptography for new stuff/thing.
I believe cryptography will just evolve, like you said, "quantum-resistant cryptography" is coming (maybe already even exists). Basically all internet and the banking system relies on cryptography.
It's already exist and NIST plan to standardize few of them[1]. But it'll took many years before it's commonly used.
[1] https://www.nist.gov/news-events/news/2022/07/nist-announces-first-four-quantum-resistant-cryptographic-algorithms (https://www.nist.gov/news-events/news/2022/07/nist-announces-first-four-quantum-resistant-cryptographic-algorithms)