cryptojournalist
Quantum computing has raised alarms about its potential to break encryption, but Adam Back, Blockstream’s CEO, sees it as an opportunity to make Bitcoin even more secure.
Strengthening Bitcoin with Quantum Tech
Quantum computers can process calculations at unimaginable speeds, leading to fears they might crack Bitcoin’s encryption. Back argues that post-quantum (PQ) research will create better security tools in the coming decades, allowing Bitcoin to integrate these solutions and stay ahead of threats.
Bitcoin signatures, which verify transaction authenticity, are a cornerstone of the network’s security.
Google’s Willow Chip: Immediate Risk or Hype?
Google’s quantum chip, Willow, has sparked fresh concerns. The chip solves problems in minutes that traditional supercomputers would take eons to tackle. However, Kevin Rose explains that Bitcoin’s encryption remains safe for now, requiring a quantum computer with 13 million qubits to break it. Willow has just 105 qubits.
Proactive Steps for Blockchain Security
Ethereum’s Vitalik Buterin has already proposed a solution for quantum risks. His plan involves a hard fork to protect Ethereum’s network, showing how blockchain platforms are preparing for a quantum future.
