Bitcoin Developers Address Quantum Computing Concerns Amid Industry Debate

According to Cointelegraph, the ongoing discussion about the potential threat of quantum computing to Bitcoin has sparked concerns among crypto industry executives, impacting the cryptocurrency's price and capital flow. Adam Back, co-founder of Bitcoin infrastructure company Blockstream, expressed in a series of posts on X that while it is beneficial for Bitcoin to be prepared for quantum computing, the technology is not expected to pose a threat for several decades. He emphasized that quantum computing is still in its early stages, facing significant research and development challenges. Back predicts no immediate risks within the next ten years, asserting that even if parts of Bitcoin's encryption were compromised, its core security model does not rely solely on encryption, thus preventing theft on the network source: https://www.binance.com/en/square/post/33903932400866?utm_source=BinanceNewsRSS