Quantum computing has been making waves in the tech world recently, with some experts suggesting it could pose a major threat to the security of cryptocurrencies like Bitcoin. However, Adam Back, co-founder and CEO of Blockstream, believes that quantum computing might actually make the Bitcoin network stronger in the long run.
Back argues that while post-quantum cryptography is still decades away, a hash-based solution using quantum resistant signatures could be implemented sooner rather than later. He suggests that this would allow Bitcoin to continue using its current security model without worrying about quantum computing breaking its encryption protocols.
This isn’t the only conversation surrounding the relationship between quantum computing and cryptocurrency. Recently, Google announced a new quantum computing chip called Willow, which has the potential to solve complex problems much faster than traditional computers. While this development has some people worried about the implications for cryptocurrency security, others argue that it’s still a long way off from being a real threat.
Overall, it seems like the debate around quantum computing and cryptocurrency security is ongoing, but experts like Adam Back remain optimistic about the potential for innovation to keep up with technological advancements.
Source
As per reported by cointelegraph.com
