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Nic Carter, a partner at Castle Island Ventures, expressed that Bitcoin developers need to expedite their efforts towards quantum resistance, or the network may fall behind Ethereum.
He stated that the industry must reevaluate blockchain architecture, including fundamental cryptographic mechanisms, and prepare in advance for a transition to new solutions.
“Elliptic curve-based cryptography is on the verge of becoming outdated. Whether it’s three years or ten, it is inevitable. The key question is how quickly developers will implement cryptographic adaptability into blockchains,” Carter remarked.
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He criticized a segment of Bitcoin developers, pointing out that they avoid addressing the issue by citing the need for consensus while failing to respond to suggestions. In his view, this approach poses risks to the long-term security of the network.
Meanwhile, Carter believes that Ethereum developers are acting more consistently. A team focused on security issues has been established within the ecosystem, and protection against quantum threats is prioritized.
“The Ethereum ecosystem is already working on this. If the situation does not change, the ETH/BTC ratio may reflect the differences in approaches,” he noted.
Carter contends that neglecting these risks could result in technological lag for certain networks and a capital shift towards more prepared ecosystems.
Previously, Nic Carter indicated that major investors might reconsider their views on Bitcoin developers due to delays in addressing quantum computing challenges.
