Pantera Capital: Quantum-Resistant Competition May Strengthen the "Gravitational Effect" of Blockchain Networks Like Ethereum

Odaily News Pantera Capital General Partner Franklin Bi posted on the X platform, stating that the quantum-resistant competition has already begun, but the market has significantly misjudged the adaptability of traditional finance versus blockchain. The market overestimates the speed at which the Wall Street system can adapt to quantum-resistant technology upgrades, as the migration process for traditional financial infrastructure will be slow, chaotic, and difficult to escape risks like single points of failure. The overall security of the traditional financial system depends on its weakest link.

At the same time, the market underestimates the unique capability of blockchain technology to upgrade. If upgrades can be successfully completed within the critical window, some blockchains are expected to evolve into "safe havens" for data and assets in the quantum-resistant era. Ethereum has already proven to be one of the few successful examples capable 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.