Eli Ben-Sasson: Quantum Protection for Cryptocurrencies Must Be Accessible

Co-founder of Zcash Eli Ben-Sasson believes that quantum protection for cryptocurrencies and privacy tools should become basic features for the digital asset market. For this to happen, the technologies must be affordable and understandable for users. Ben-Sasson emphasizes that stronger protection does not guarantee a mass transition to new solutions if users face complicated settings or high fees. Privacy tools reduce the amount of data available to outsiders on public blockchains, while post-quantum approaches protect assets from quantum computer attacks. In August, StarkWare conducted a quantum-resistant transaction on the Bitcoin network, but the company's experts believe that this did not make the entire network secure from quantum risks. The approach used provided protection only for a specific transaction output, while the rest of the Bitcoin infrastructure remains vulnerable. The cost of the method was several hundred dollars, and a direct communication channel with the miner was required to send the transaction. Zcash developers are preparing for the NU7 update, which aims to accelerate block formation from 75 to 25 seconds. The launch on the test network is scheduled for October 6, with activation on the main network set for November 5, and a final decision will be made on October 20. The NU7 update does not include post-quantum protection.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.