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Vitalik Buterin on tackling quantum threats in blockchains – CryptoTvplus

One of the greatest innovations discovered in the realm of computer science is quantum computing. While this promises huge benefits for humanity, there are threats related to what quantum computing can cause.

Speaking at the ETHTaipei, Vitalik Buterin explained the potential of quantum computing in the blockchain space, what is being done today, and how to stand against quantum-based threats in the industry.

Quantum-enabled threats refer to cybersecurity risks and vulnerabilities that arise from advancements in quantum computing technology.

Quantum computing has the potential to transform computing by solving complex problems much faster than traditional computers. However, this same power can also pose a huge challenge to current encryption methods.

One major concern is that quantum computers could render many current encryption algorithms obsolete.

For example, algorithms used to secure sensitive data during transmission, such as RSA and ECC (Elliptic Curve Cryptography), rely on mathematical problems that are difficult for traditional computers to solve but could be easily solved by quantum computers using algorithms like Shors algorithm.

As a result, sensitive information protected by these encryption methods could become vulnerable to interception and decryption by adversaries with access to quantum computers. This includes personal data, financial transactions, government communications, and more.

Quantum-enabled threats also include the potential for quantum attacks on blockchain networks and other decentralized systems.

These attacks could compromise the integrity of transactions, disrupt consensus mechanisms, and undermine the security of digital assets.

Vitalik mentioned that despite concerns about these threats, there are quantum-resistant algorithms available for every vulnerable aspect affected by quantum computers.

Quantum computers break existing elliptic curve signatures, but we have various quantum-resistant alternatives based on hash functions, lattices, and isogenies, he added.

He continued, explaining that although solutions like lattice-based and isogeny-based algorithms, as well as Starks, have been theoretically addressed, they are not yet entirely practical.

However, he also disclosed that there are currently systems in place with recovery mechanisms to protect most funds. Efforts are ongoing to achieve complete quantum resistance for both users and protocols.

To tackle this challenge effectively, he explained that incorporating account abstraction would enable users to select quantum-resistant signature algorithms.

This means that users would have the option to utilize signature algorithms that are resilient against attacks from quantum computers, thus enhancing the security of their accounts and transactions.

He also suggested enhancing the Ethereum consensus layer to withstand quantum attacks. He proposed reconsidering the use of current signature schemes like BLS, advocating for the adoption of 8192-bit signatures per slot as a more secure option.

BLS (Boneh-Lynn-Shacham) signatures play an important role in Ethereum, particularly in its beacon chain protocol for Proof of Stake. These signatures offer efficient signature aggregation and verification, enhancing scalability and efficiency within the network.

Using BLS signatures with the BLS12-381 elliptic curve, Ethereum can reduce computational costs and improve the verification process, which makes it more scalable.

In the context of Ethereum, 8192-bit signatures refer to the number of signatures processed per slot in the Ethereum chain. This specific number is significant because it represents the load that the Ethereum network has to handle in terms of signatures per slot, impacting the efficiency and scalability of the system.

The handling of 8192 signatures per slot is crucial for Ethereums Proof of Stake mechanism, where validators sign messages to secure the network.

This high volume of signatures poses technical challenges due to the computational complexity involved in processing and verifying such a large number of signatures. The goal is to manage this load effectively while maintaining network security and decentralization.

In summary, Vitalik envisions a future where quantum threats will pose challenges to the blockchain space. To address this inevitable scenario, he suggests that beyond the ongoing experiments, there may be a need to transform the Ethereum blockchain into a quantum-threat-resistant infrastructure.

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Vitalik Buterin on tackling quantum threats in blockchains - CryptoTvplus

Vitalik Advocates for Layer-2s on Ethereum, Uniswap’s Fresh Memecoin Promises Lucrative Opportunities – NewsBTC

The world of cryptocurrency continues to be a hotbed of innovation and debate. This week, two major stories dominated the headlines: Vitalik Buterins endorsement of Layer-2 (L2) solutions for Ethereum and the explosive rise of a brand new memecoin, Rebel Satoshi ($RBLZ).

Layer-2 solutions have been gaining traction recently. They promise to address Ethereums scalability issues and alleviate the burden of high transaction fees. Buterins support for these solutions underscores their importance in the ongoing development of the Ethereum network.

By implementing Layer-2 solutions, Ethereum can potentially process a higher number of transactions per second, making it more efficient and accessible to users. This scalability upgrade is crucial for Ethereum to maintain its position as one of the best cryptocurrency platforms in the market.

Amidst Buterins call for Layer-2 enhancements, the cryptocurrency community has witnessed the emergence of a fresh memecoin on the Uniswap exchange Rebel Satoshi ($RBLZ). Memecoins, while often associated with humor and irreverence, have become a significant part of the crypto landscape, offering entertainment and investment opportunities.

Rebel Satoshi ($RBLZ) stands out as one of the best memecoins to watch, promising lucrative opportunities for investors seeking to diversify their portfolios. With its unique governance and membership token system, $RBLZ allows users to become Recusant members and gain access to a vibrant ecosystem, including exclusive NFT collections and community governance participation.

Investors diving into Rebel Satoshis universe are met with a plethora of unique assets and characters, each with its distinct features and roles. From Rebel Satoshi himself to Rac Catesby, Thomas The Owl, BW Wintour, and Red Wintour, users have the chance to explore and collect these assets, potentially earning a coveted spot in the Rebel Meme Hall of Fame.

As one of the top altcoins to watch, Rebel Satoshi ($RBLZ) represents more than just a memecoin; it embodies a rebellious spirit and a sense of community among its holders. With the ongoing development and expansion of the Rebel Satoshi ecosystem, theres no telling what exciting opportunities lie ahead for investors and enthusiasts alike.

In addition to Rebel Satoshi ($RBLZ), the Rebel Satoshi ecosystem has introduced another token Rebel Satoshi Arcade ($RECQ). Serving as the native transactional token, $RECQ facilitates various interactions within the ecosystem, including purchasing NFTs, accessing arcade games, and paying fees.

Currently in its presale stage, $RECQ presents investors with another opportunity to participate in the growing Rebel Satoshi universe. With its Early Bird presale price of $0.002, now is the perfect time for investors to get involved and explore the potential rewards and opportunities offered by this new token.

As Vitalik Buterin advocates for Layer-2 solutions to enhance Ethereums scalability, the cryptocurrency market continues to see the emergence of exciting projects like Rebel Satoshi ($RBLZ) and Rebel Satoshi Arcade ($RECQ). These tokens offer lucrative investment opportunities and embody the innovative spirit driving the evolution of the crypto space. As investors navigate this dynamic landscape, staying informed and seizing opportunities is key to maximizing returns and embracing the future of cryptocurrency.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Vitalik Advocates for Layer-2s on Ethereum, Uniswap's Fresh Memecoin Promises Lucrative Opportunities - NewsBTC

Vitalik Buterin unveils plan to secure Ethereum with ‘Rainbow Staking’ – Uzmancoin

Vitalik Buterin touched on staking solutions on Ethereum at the ETHTaipei event in Taiwan. In his speech, Buterin stated that he understood the concerns of centralisation and mentioned the Rainbow Staking solution.

Stating that both staking in general and liquid staking tokens have started to pose a danger of centralisation on the Ethereum blockchain, Buterin pointed out that the number of single-person stakers is very small. Buterin stated that in addition to the financial difficulty of owning 32 ETH, there are also technical difficulties such as running its own node.

As it is known, in order to be able to stake and verify in the Ethereum network, a person must have at least 32 Ether. Today, this figure corresponds to approximately $115,000. And users who do not have such financial power but want to stake, entrust their Ether to platforms that provide liquid staking services. The most well-known platform in this regard is Lido Finance. lido currently has more than 60% dominance in the Ethereum staking area. According to many experts and analysts, this creates a serious danger of centralisation.

The Rainbow Staking solution proposed by Buterin against this threat suggests two types of heavy and light staking:

You basically try to explicitly separate out those two and potentially require both heavy stakers and light stakers to sign off on a block in order for the block to get finalized, he said. So you try to add the security of both of those approaches together.

In rainbow staking, heavy stakers, in other words those who have more Ether, can sign every slot. However, on the other hand, light stakers can sign the slots with a lottery system.

Buterin added that serious research and studies are still needed to develop and implement this system, and he made the following statements:

To me, the biggest questions here are not even technical; theyre philosophical. It is important to understand the intended answer behind ways to enable lazy ETH holders who want rewards to participate in securing the Ethereum network. Buterin said.

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Vitalik Buterin unveils plan to secure Ethereum with 'Rainbow Staking' - Uzmancoin

Stepping Out From Hillary Clinton’s Onscreen Shadow – The New York Times

The Girls on the Bus is a fizzy recasting of the campaign-trail memoir Chasing Hillary by Amy Chozick, who covered the 2016 election for The New York Times. But it is not a show about Hillary Clinton. Immediately, it takes pains to banish her persona from the screen. The Democratic front-runner of the pilot episode is a governor named Caroline Bennett (Joanna Gleason), and though she is a baby boomer (check) in a pantsuit (check), she also writes romance novels under a pseudonym.

Its a very un-Hillary detail, and it foretells a very un-Hillary downfall. Shortly after Chozicks reporter stand-in, Sadie McCarthy (Melissa Benoist), eagerly hops onto Bennetts bus, she finds her candidate sidelined by a sex scandal (and not her husbands).

These are silly choices, and savvy ones. Only when Clintons baggage has been dumped is The Girls on the Bus free to repave the trail into an escapist romp. For the better part of two decades, Clinton has gripped the cultural imagination around the idea of a first female president. Hundreds of millions of Americans, of several generations, both supporters and critics, imagined it would be her. Screenwriters foresaw it, too. The Girls on the Bus, now streaming on Max, is one of the first shows about presidential politics that is forced to contend with her absence. But it cant quite quit her.

As Clinton ran and lost and ran and lost in the real world, television universes selected a succession of fictionalized Hillarys to occupy their replica Oval Offices. Clintons politics, her path, her bearing, her wardrobe, her haircut these character details could be mirrored or mocked or refuted onscreen, but they could not be ignored.

When Cherry Jones played the first female president on 24, beginning in 2008, she told a reporter, unprompted: Shes not Hillary. She has nothing to do with Hillary. But when Lynda Carter played an (alien!) president on Supergirl in 2016, she said, I used Hillary to prepare.

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Stepping Out From Hillary Clinton's Onscreen Shadow - The New York Times

Top exec at Bill and Hillary Clinton airport in Arkansas shot as federal agents serve search warrant – Fox News

  1. Top exec at Bill and Hillary Clinton airport in Arkansas shot as federal agents serve search warrant  Fox News
  2. Airport executive shot in firefight with federal agents at his home in Arkansas  NBC News
  3. Top exec at Bill and Hillary Clinton airport in Arkansas shot as federal agents serve search warrant  Yahoo! Voices

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Top exec at Bill and Hillary Clinton airport in Arkansas shot as federal agents serve search warrant - Fox News