Pantera Capital: Quantum resistance competition may strengthen the "gravitational effect" of blockchain networks like Ethereum

CoinVoice has learned that Pantera Capital General Partner Franklin Bi posted on the X platform stating that the quantum resistance competition has already begun, but the market has an obvious misjudgment of the adaptability of traditional finance and blockchain. The market overestimates the speed at which Wall Street systems can adapt to quantum-resistant technology upgrades, as the migration process of traditional financial infrastructure will be slow and chaotic, and it is difficult to eliminate risks such as single points of failure. The overall security of traditional financial systems depends on the weakest link. Meanwhile, the market underestimates the unique ability of blockchain technology to upgrade. If successful in completing upgrades within a critical window, some blockchains are expected to evolve into a “safe haven” 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 globally (such as the previous The Merge upgrade). The security crisis brought by quantum computing may actually strengthen the “gravitational effect” of a few core blockchain networks.