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Nick Carter: Ethereum Team Surpasses Bitcoin in Quantum Threat Preparedness

Nick Carter: Ethereum Team Surpasses Bitcoin in Quantum Threat Preparedness

Google to implement post-quantum encryption by 2029.

Nick Carter, a partner at Castle Island Ventures, has warned that elliptic curve cryptography will soon become obsolete. He predicts this will occur within the next 3-10 years, and the industry must accept this reality.

The investor is convinced that blockchain developers urgently need to enhance the security and adaptability of network algorithms:

“The only thing that matters now is how quickly developers understand the need to implement cryptographic flexibility,” he emphasized.

As a positive example, he cited Ethereum. The project’s team introduced a roadmap to protect the network from quantum computers, making this task a strategic priority. Developers have incorporated new algorithms into current plans and addressed key community questions.

According to Carter, the Ethereum ecosystem demonstrates “more action and less fear.” Meanwhile, he considers the Bitcoin developers’ approach to the looming threat as the least successful.

Google’s Preparation for the Quantum Era

In parallel, Google has revealed its plans to transition to post-quantum cryptography. The company aims to fully implement new algorithms by 2029.

The corporation estimates that future quantum computers pose a threat to current encryption standards and digital signatures. To prevent potential breaches, Google has updated its corporate threat model, focusing on transitioning authentication services to new protocols.

Post-quantum protection for digital signatures (ML-DSA) is planned to be added to the Android 17 operating system. Similar solutions have already been implemented in the Chrome browser and the company’s cloud services.

Earlier in March, BTQ Technologies launched a Bitcoin testnet with quantum protection.

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