Hash-based zero-knowledge tech can quantum-proof Ethereum — XinXin Fan
2024-11-26 11:44:51 Primitive Reading

 

From cointelegraph by Vince Quill

Dr. XinXin Fan, the head of cryptography at IoTeX, recently co-authored a research paper titled Enabling a Smooth Migration Towards Post-Quantum Security for Ethereum. The research paper received a Best Paper award from the 2024 International Conference for Blockchain and argued that hash-based zero-knowledge technology is the most user-friendly way to quantum-proof the Ethereum network and other similar cryptographic systems.

In an interview with Cointelegraph, Dr. Fan explained that the elliptical curve digital signature algorithms (ECDSA) employed in current blockchain systems to sign transactions are quantum-vulnerable. However, this vulnerability can be addressed by attaching a hash-based zero-knowledge proof — such as a zero-knowledge scalable transparent argument of knowledge (zk-STARK) — to each transaction.The researcher said this method also ensures the smoothest transition for users — avoiding the complexity of other proposed quantum-resistance methods. “The way we are implementing this allows the user to use their current wallet, but we attach each transaction with a zero-knowledge proof that is quantum-safe,” Dr. Fan said.

“We need to consider both the security aspect and also the usability aspect,” Dr. Fan continued. The researcher stressed that balancing user experience with security needs was key to ensuring a timely migration to post-quantum standards.

A model of a ZK-proving service outlined in Dr. Fan’s paper. Source: Springer Nature

Related: Singapore, France monetary authorities test quantum-proof security

The quantum scare of 2024

A smooth transition to post-quantum security for end users is paramount, as the National Institute of Standards and Technology (NIST) recently published the first hard deadline for legacy systems to migrate to post-quantum signature standards — advising institutions to adopt quantum-resistant measures before 2035.

In Oct. 2024, a report from the South Morning China Post claimed that researchers at Shanghai University successfully breached cryptographic algorithms using a quantum computer.

Disclaimer: This specification is preliminary and is subject to change at any time without notice. Amazon Finance assumes no responsibility for any errors contained herein.

Recommended reading
SEC Collected Record $8.2B in Remedies in FY24, 56% Came from Terraform Labs

10-22     admin     16005 Reading

Singapore Gulf Bank seeks $50M to fund stablecoin firm acquisition

10-22     admin     6685 Reading

Ex-partner tosses $716M Bitcoin wallet, says ‘tired of hearing about it’

10-22     admin     18519 Reading

NFTs record $158M weekly sales volume, led by Ethereum, Bitcoin

10-22     admin     15650 Reading

Hong Kong’s ZA Bank is first bank in Asia to launch retail crypto services

10-22     admin     10897 Reading

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

10-22     admin     18016 Reading

How to scale the insurance industry with blockchain: X Spaces with Nayms

10-22     admin     14670 Reading

Kraken Hits $2 Billion CAD in Custody, Focuses on Crypto Knowledge Growth

10-22     admin     7470 Reading

Pseudonymity isn't enough: Why some see blockchain privacy as a right

10-22     admin     10363 Reading

Chill Guy Meme Coin Soars to $500M Market Cap on TikTok Fame

10-22     admin     12490 Reading

Sui Network is back up after facing 'major outage' for nearly two hours

10-22     admin     6042 Reading

Exness wins “Best Retail FX Broker” at Finance Magnates London Summit 2024

10-22     admin     15003 Reading

Trump Media hints at crypto trading, payments in TruthFi trademark filing

10-22     admin     14522 Reading

Texas judge tosses out SEC's expanded 'broker' rule, which broke with 90 years of legal tradition to rope in crypto traders

10-22     admin     18552 Reading

Privacy is the ultimate shield against blockchain vultures

10-22     admin     15367 Reading