Pantera Capital: Quantum-resistant competition may strengthen the "gravitational effect" of blockchain networks such as Ethereum

According to ChainCatcher, Franklin Bi, General Partner at Pantera Capital, stated on the X platform that the competition for quantum resistance has already begun, but the market has significantly misjudged the adaptability of traditional finance and blockchain.

The market has overestimated the speed at which the Wall Street system can adapt to quantum-resistant technology upgrades, as the migration process of traditional financial infrastructure will be slow, chaotic, and difficult to eliminate risks such as single points of failure. The overall security of the traditional financial system depends on its weakest link. Meanwhile, the market has underestimated the unique capability of blockchain technology to upgrade. If upgrades can be successfully completed within a critical window, some blockchains are expected to evolve into "safe havens" for data and assets in the quantum-resistant era. Ethereum is already one of the few successful examples of completing complex system upgrades on a global scale (such as the previous The Merge upgrade). The security crisis brought by quantum computing may instead strengthen the "gravitational effect" of a few core blockchain networks.