Ethereum Foundation forms a dedicated post-quantum team and announces a $1M Poseidon Prize

Ethereum Foundation/Lean Ethereum

The Ethereum Foundation made post-quantum security a strategic priority, appointing cryptographic engineer Thomas Coratger to lead a dedicated team. The foundation announced a $1 million Poseidon Prize to harden a hash function used in zero-knowledge proofs, complementing an existing $1 million Proximity Prize for broader post-quantum research.

• Vitalik Buterin has estimated a 20% chance quantum computers capable of breaking current cryptography emerge before 2030.
• Post-quantum consensus development networks are already operational with implementations from Lighthouse and Grandine.
• Biweekly developer sessions on post-quantum transactions are underway to coordinate Ethereum's quantum readiness.