Ethereum Launches Initiative to Address Quantum Threats

The Ethereum Foundation has launched a $2 million funding initiative to strengthen the network’s defenses against emerging quantum computing risks. Leading the new program is Ethereum researcher Thomas Coratger, who will oversee a dedicated post-quantum research team. He will also have support from Emile, one of the world-class talents behind leanVM.

Ethereum to Develop a Future-proof Defense Strategy

Their mission is to develop a robust, future-proof defense strategy. This includes supporting advanced cryptographic research, conducting real-world tests, and fostering collaboration across the Ethereum ecosystem.

A key part of the initiative will be prize-based competitions to incentivize global researchers and cryptographers to propose and test quantum-resistant solutions. Additionally, the program will focus on building multi-client development networks. This will ensure that post-quantum upgrades can be adopted across Ethereum’s diverse client ecosystem without compromising decentralization or creating single points of failure.

Coratger has emphasized the importance of proactive defense, stating that Ethereum is not waiting for quantum attacks to become a reality. Instead, the network is taking early steps to evaluate quantum-resistant signature schemes, transition strategies, and backward compatibility with existing wallets and infrastructure.

Notably, this initiative positions Ethereum as one of the most forward-thinking blockchain networks in addressing the potential impact of quantum computing.

Solana Co-founder Warns BTC to Prepare for Quantum Computer Threat

Similarly, Solana co-founder Anatoly Yakovenko called on the Bitcoin community to act quickly against potential quantum computer attacks. He warns that a breakthrough in the technology could arrive far sooner than many expect.

Quantum computer, once powerful enough, could theoretically break the cryptographic systems that secure Bitcoin wallets and transactions. Bitcoin currently relies on the Elliptic Curve Digital Signature Algorithm, which is nearly impossible to crack using traditional computers. However, quantum technology may eventually solve the complex mathematical problems behind it, exposing private keys and allowing unauthorized transfers.

Jefferies Drops Bitcoin Over Quantum Computing Bitcoin Fears

Recently, quantum computing threats have triggered a major shift in Jefferies’ flagship model portfolio. This happened as strategist Christopher Wood removed its entire Bitcoin exposure and redirected funds toward gold assets. He cited long-term security risks tied to emerging technology.

His decision was not based on short-term price expectations. Wood said Bitcoin prices may not face immediate pressure. Instead, he pointed to deeper risks linked to quantum computing and Bitcoin security.

In his view, the long-term store-of-value case for BTC is weakening, particularly for pension and institutional investors who focus on decades and not cycles.