Ethereum Foundation Launches Post-Quantum Team, Allocates $2 Million to Combat Quantum Threats
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Coinmarketcap
- Quantum Security Strategy: The Ethereum Foundation has announced the establishment of a dedicated Post-Quantum team in Zurich, aimed at countering the threats posed by quantum computing to cryptographic security, thereby safeguarding over $500 billion in network assets and enhancing user trust and market competitiveness.
- Funding Research Initiatives: The foundation has committed $2 million to accelerate research in quantum-resistant cryptography, including the $1 million Poseidon Prize and the $1 million Proximity Prize, which are crucial for strengthening Ethereum's privacy and scalability solutions, ensuring long-term technological leadership.
- Developer Education Program: The new team will host bi-weekly developer sessions to discuss advanced cryptographic tools and secure pathways, fostering community collaboration to enhance user wallet security, thus bolstering the overall security posture of the Ethereum network.
- Industry Influence Enhancement: The Ethereum Foundation's initiative not only serves as a proactive response to quantum threats but may also prompt other blockchain projects to accelerate their quantum security preparations, further solidifying Ethereum's leadership position in the blockchain industry.
Analyst Views on Q
Wall Street analysts forecast Q stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for Q is 105.89 USD with a low forecast of 92.00 USD and a high forecast of 117.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
9 Buy
0 Hold
0 Sell
Strong Buy
Current: 98.760
Low
92.00
Averages
105.89
High
117.00
Current: 98.760
Low
92.00
Averages
105.89
High
117.00
About Q
Qnity Electronics, Inc. is engaged in providing materials and solutions for semiconductor and electronics industries. The Company has two business segments, namely Semiconductor Technologies and Interconnect Solutions. The Semiconductor Technologies segment provides a portfolio of materials and solutions utilized across multiple stages of the semiconductor manufacturing process. These materials are integrated into customers’ roadmaps and are intended to support improvements in chip performance, production yield, and the implementation of advanced node technologies. The Interconnect Solutions segment offers a comprehensive range of material solutions that address the complexities of signal integrity, thermal and power management, and advanced packaging. These solutions are used in advanced electronics hardware applications, including complex printed circuit boards and advanced semiconductor packaging.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
