Ethereum abandons its 8-year cryptography bet after proof systems flip the tradeoff
Ethereum researcher Justin Drake stated on Aug. 13 that the Ethereum Foundation is abandoning Poseidon for future layer-1 (L1) designs and pivoting towards SHA or BLAKE hashes after eight years of labor on specialised, proof-friendly cryptography. Drake reported no break in Poseidon and issued no migration order, noting that current beneficial properties in proof systems…
