Ethereum Foundation researcher Justin Drake said he hopes to complete Ethereum's post-quantum and post-AI transition by December 2028, a year earlier than the foundation's previous December 2029 deadline. Speaking at Devcon 8 in Mumbai, Drake said developers have 24 months to deliver three additional network upgrades. He noted his remarks do not formally replace the roadmap, which is due for reassessment in January 2027. Other developers have questioned the timeline: StarkWare CEO Eli Ben-Sasson previously called the 2029 target 'too late' and warned deadlines could slip.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Cointelegraph ↗
Keywords
Ethereumcryptoquantum computingETHUSDT
Open a keyword to see other news on the same topic.
Related tickers and likely impact
ETH/USDT
▲ Likely positiveEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $277.2B |
| Close on 11/03/2026 | 2,274.77 |
| Change that session | +0.95% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Ethereum Delays Glamsterdam Testnet Fork Over Gas Security Flaws
Ethereum developers postponed the planned Glamsterdam activation on the Hoodi test network after security firm ChainSecurity found that gas changes in the upgrade could let some smart contracts permanently record failed operations that were designed to be retryable. ChainSecurity said it has already found 13 real-world examples and is working with affected projects through responsible disclosure, while the Ethereum Foundation assesses how many contracts are exposed. The Hoodi upgrade had been due to go live on Monday, and no new date has been set. Glamsterdam has already activated on the Sepolia test network on October 6, producing blocks with a gas limit of nearly 200 million, more than three times mainnet's 60 million.
- Starknet opens vote on potential Ethereum L2 exit over quantum risks
Starknet has opened a seven-day, non-binding poll asking STRK holders whether the network should explore becoming an independent post-quantum layer-1 blockchain, with voting closing on Oct. 22. A 'Yes' vote would only back further research rather than approve a transition, and no timetable has been announced. StarkWare says the move could let Starknet pursue quantum-resistant security without relying on Ethereum's upgrade schedule, though the network still depends on Ethereum for its bridge and data availability. CEO Eli Ben-Sasson argued that quantum-proofing crypto is urgent and contrasted Starknet's pace with what he described as slower progress at Ethereum and Bitcoin. Starknet has framed the goal as becoming the first fully quantum-resistant network by 2027, while Ethereum developers aim to add initial protocol-level protections by 2029.
- 'Bunker mode' won't protect your crypto, critics say
Ethereum researcher Justin Drake urged planning for 'bunker mode', warning that AI could help break ECDSA, the signature algorithm underpinning most blockchains, possibly within months rather than years in the worst case, and suggested migrating assets to fresh addresses. Matthew Green said public key cryptography might be lost, while Coinbase's Yehuda Lindell said there is 'no evidence whatsoever' that the math behind elliptic curve cryptography has been weakened. Wallet executives argue moving funds may not be enough if an extended public key has already been shared with a wallet app or third party. Eli Ben-Sasson of StarkWare adds that a break would require new wallets and changes to Ethereum's signature and consensus systems.
- Ethereum fixes Glamsterdam bug that could have sent staking deposits to builders
Ethereum developers patched a flaw in the upcoming Glamsterdam upgrade that could have let an operator withdraw ETH that staking services intended for new validators. The bug arose because builder and validator deposits could share a public key, so both deposits might be credited to the builder, leaving the staking service unable to produce the proof needed to recover its funds. Researcher avsetsin said the findings were conditional code issues, not confirmed live exploits, and that existing checks could block the attack; no losses have been reported. Developers first rejected the fix on Oct. 19 for lack of client support, then reopened it, added tests on Oct. 23, and merged it on Monday. Under the new rules, pending deposits are sorted by withdrawal credentials so validator deposits stay with validators, but client teams must still implement the change, and Glamsterdam's Oct. 26 launch on the Hoodi test network was postponed.
- Which Crypto Could Be the Second to Reach a $1 Trillion Market Value?
Bitcoin is the only cryptocurrency above $1 trillion in market value, at about $1.62 trillion. Ethereum, at about $2,335, needs a 3.5x increase to reach $1 trillion, the smallest multiple among its rivals, which need 10.3x for BNB, $15.79 for XRP and 16.8x for Solana. The article notes that supply growth complicates XRP and Solana, and that U.S. spot Ethereum ETFs had $12.7 billion in cumulative net inflows as of October 22, below a $14.0 billion peak, while spot XRP and Solana ETFs had $1.8 billion and $1.54 billion. It concludes Ethereum is the most viable candidate near term, but ETF inflows would first need to exceed the $14.0 billion peak, and the price would then need to surpass its $4,946 all-time high before reaching $8,186.
- Ethereum delays Glamsterdam Hoodi testnet launch over security risks
Ethereum has postponed the Glamsterdam upgrade on the Hoodi testnet, originally scheduled for Oct. 26, so developers can examine how EIP-8037 and EIP-8038 interact with deployed smart contracts. ChainSecurity warned that the two proposals could weaken safeguards against insufficient gas griefing, potentially letting contracts permanently record failed operations and blocking otherwise valid user actions. The firm said it identified 13 real-world examples of potentially affected contracts and is coordinating responsible disclosure with the projects involved, without naming them. Security researcher pcaversaccio called the risks “serious” in an Oct. 21 GitHub comment and urged a reassessment of the hard fork. The mainnet timeline, which developers had been considering for early December, is now uncertain.
Related markets
Latest news
- Vietnam's economy stays stable and positive amid an unpredictable global backdrop
Finance Minister Ngô Văn Tuấn told the regular Government meeting that Vietnam's macroeconomy remains stable and socio-economic conditions continued to improve in October, even as global conditions stay volatile, notably the Middle East conflict that pushed world oil prices up 3-4.2% in October from September. The IMF raised its 2026 growth forecast for Vietnam from 7.1% to 8.4%, and R&I included Vietnam in its investment-grade category for the first time. Industrial production rose 12.4% over 10 months, and exports reached US$499.24 billion (up 27.5%), with total trade over US$1,010 billion, passing US$1,000 billion for the first time. Registered FDI reached US$54.85 billion, up 74%. The report also flags difficulties, including no breakthrough in production and business activity, and pressure on financial, monetary and credit markets.
- Banks' workforce diverges: layoffs and an operating-model overhaul
Separate financial statements for the first nine months of 2026 from 27 banks show divergent workforce trends: 14 banks cut about 7,340 staff from end-2025, while 13 added about 3,921. Sacombank was the focal point of the cuts, with 12,553 staff at 30 September 2026, down 4,263, amid restructuring and a name change from June. KienlongBank shed 1,078 staff in a single quarter, and Eximbank fell by 783 from the start of the year. Among state-owned banks, BIDV and VietinBank reduced headcount yet continued recruiting, while BIDV's staff costs rose 5.6%. On the other side, ABBank added 247 staff and ACB added 236.
- Nguyễn Bạch Điệp joins Asia's 100 Most Powerful Women; FPT Retail climbs Fortune rankings
FPT Retail ranked 170th on Fortune's 2026 Southeast Asia 500 by revenue, up 29 places from 2025 and 51 places since 2024, its third consecutive year of improvement. Fortune recorded the company's revenue at about US$1.96 billion, up 22.7%, driven by technology retail and healthcare, where the Long Châu pharmacy chain contributed nearly 70% of revenue in 2025. On 3 November, Fortune also named FPT Retail Chairwoman Nguyễn Bạch Điệp to its Most Powerful Women Asia 2026 list, one of 24 first-time entrants. The honour citation highlights her role in developing Long Châu.
- Apple (AAPL) Stock Faces Q4 Earnings Margin Squeeze
Apple shares slipped about 1.9% to around US$331.90, even though the company reported record September-quarter revenue of about US$114.5 billion, up roughly 12%, net income of US$30.7 billion and basic EPS of US$2.11, up about 14%. Record Services revenue of US$31.6 billion and double-digit iPhone and Mac growth stood out, while iPad and wearables softened, Services growth guidance slowed, and higher memory costs pressured margins. With a P/E of 36.6x, the article says the valuation already reflects substantial future success. Bearish analysts argue that higher component and compute costs for AI features could weigh on profitability over time.
- Breaking: State Bank of Vietnam plans long-term liquidity injection for banks
The State Bank of Vietnam plans to inject nearly 48,800 billion dong into the banking system through a 182-day USD/VND swap, with a maximum size of 2 billion USD and a value date of November 9, 2026. Credit institutions sell USD to the SBV to receive VND and commit to repurchase at maturity, at a spot buying rate of 24,399 dong per USD and a forward selling rate of 24,704 dong per USD. This tenor is much longer than the 21-day, 14-day and 7-day swaps conducted in 2026, while the 2 billion USD limit remains unchanged. This time, participation conditions are more specific, applying only to institutions with medium- and long-term foreign loans or international bonds outstanding with remaining maturities of 12 months or more. The move comes alongside a request to cut deposit and lending rates and may help banks be more proactive in managing their VND funding.
- Breaking: State Bank of Vietnam wants to inject longer-term liquidity into the banking system via FX swap channel
The State Bank of Vietnam (SBV) plans to supply nearly 48,800 billion VND to the banking system through a 182-day USD/VND swap, capped at 2 billion USD. For the Nov. 6 intervention, the spot buying rate is set at 24,399 VND/USD and the forward selling rate at 24,704 VND/USD, with a value date of Nov. 9, 2026. Credit institutions sell USD to the SBV for VND and commit to buy back the currency at maturity, and only those with medium- and long-term foreign loans or international bonds with at least 12 months remaining are eligible. The tenor is much longer than the 7-day swap in September, which helps banks plan VND funding more proactively into year-end and early next year. The move is part of broader SBV measures to support liquidity and lower funding costs, including its earlier request that banks cut deposit and lending rates.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.