Advancements in quantum computing may bolster Bitcoin’s security in the coming decades, despite concerns over its potential to compromise cryptographic encryption. Quantum computers, known for their unprecedented computational speed, have sparked fears about breaking cryptographic algorithms.
However, Adam Back, Blockstream CEO and Hashcash inventor, believes quantum advancements could enhance Bitcoin’s resilience. In a Dec. 21 post, Back explained that post-quantum (PQ) cryptography is “several decades away” but noted Bitcoin could integrate compact, well-reviewed PQ signature schemes as optional upgrades.
Bitcoin signatures, crucial for securing transactions, could benefit from these future advancements, ensuring even greater network integrity in the post-quantum era.
Source: Cointelegraph
