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Vitalik Buterin on Quantum Computing and Ethereum Security

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Key takeaways

  • Buterin sees a nontrivial 20% chance that quantum computers could break current cryptography before 2030, and he argues that Ethereum should begin preparing for that possibility.

  • A key risk involves ECDSA. Once a public key is visible onchain, a future quantum computer could, in theory, use it to recover the corresponding private key.

  • Buterin’s quantum emergency plan involves rolling back blocks, freezing EOAs and moving funds into quantum-resistant smart contract wallets.

  • Mitigation means smart contract wallets, NIST-approved…

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