Quantum computing will fortify Bitcoin signatures: Adam Back
The post-quantum era is still “several decades away,” but it could be a net positive for the Bitcoin network’s security.
Advancements in quantum computing have the potential to strengthen the Bitcoin network in the coming decades, even though there are widespread concerns about the technology’s ability to compromise cryptographic encryption.
Industry insiders have previously voiced concerns that quantum computing may break cryptographic algorithms in the future, thanks to its ability to perform computational processes at previously unimagined speed, thanks to advancements in quantum physics.
Yet despite these concerns, quantum computing could lead to a stronger Bitcoin (BTC) network, according to Adam Back, co-founder and CEO of Blockstream, the inventor of Hashcash and one of the most notable cryptographers in the industry.
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Author: Zoltan Vardai
