Quantum Computing's Potential Impact On Bitcoin Network

According to Odaily, Adam Back, co-founder and CEO of Blockstream and inventor of Hashcash, has suggested that quantum computing could potentially strengthen the Bitcoin network. Despite concerns within the industry about the advancements in quantum physics, which allow quantum computing to perform calculations at unprecedented speeds and potentially compromise cryptographic algorithms, Back remains optimistic. He stated on X that post-quantum (PQ) developments are still decades away. He emphasized that hash-based PQ solutions are not feasible, but ongoing research into PQ signatures will eventually yield conservative, well-reviewed, and more compact signatures. Bitcoin could adopt these as an alternative option.