Ethereum Researcher Proposes $0.07 Post-Quantum Account Protection

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 18 hours ago

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Post-Quantum Preparation: Ethereum researcher Nico Consigny states that users can begin preparing for the post-quantum era at a cost of approximately $0.07 without requiring a hard fork, positioning Ethereum proactively for future security challenges.
SPHINCS- Design: The proposal centers on SPHINCS-, an EVM-optimized post-quantum signature verification design aimed at achieving quantum-safe protection through smart account patterns and Solidity verifier contracts, enhancing asset security for users.
Cost Efficiency Analysis: The verification cost for SPHINCS- is around 150,000 gas, with the optimized C13 version costing about 127,000 gas, and given the current mainnet gas price of approximately 0.24 gwei, this brings post-quantum verification into a practical cost range, facilitating early deployment.
Future Risk Management: Although Ethereum's cryptography is not currently threatened by quantum computers, Consigny emphasizes the long-term risks associated with the ECDSA signature scheme, urging users to ensure a smooth migration to quantum-safe solutions in the future.

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Technical Analysis for ETH

Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Ethereum (ETH) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1241.648	1373.664	1510.958	1642.974	1780.268	1912.284	2049.578
Fibonacci	1373.664	1476.54	1540.098	1642.974	1745.85	1809.408	1912.284

About ETH

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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