Adam Back: "Bitcoin will not collapse even with Google's 2029 quantum computer"

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Bitcoin (BTC) pioneer Adam Back has expressed a firm stance that Google's 2029 quantum computer commercialization plan does not pose a security threat.

According to cryptocurrency media outlet U.Today, Back asserted, "Google has set a goal to introduce a useful quantum computer by 2029. However, Bitcoin can sufficiently defend against it." He analyzed that technological leaps will lead to the evolution, not the destruction, of the network. Back added that fears of Bitcoin collapsing due to quantum computers are overly exaggerated.

Back emphasized that Bitcoin has a flexible structure that can be upgraded to quantum-resistant cryptographic algorithms as needed. He explained that before quantum computers reach a level that threatens Bitcoin's current signature scheme, ECDSA, the entire network can transition to a quantum-resistant signature method. With proven update procedures like soft forks, there will be no problem maintaining the security of Bitcoin assets. The Bitcoin community is already continuously researching to address such technological challenges.

Back predicted that the threat of quantum computers would first affect traditional banking computer networks or national secret security systems rather than Bitcoin. This is because many existing financial institutions have weaker encryption levels than Bitcoin. Bitcoin has an open structure where excellent developers worldwide continuously review and improve security vulnerabilities in real-time. This collective intelligence provides a much stronger defense against the new challenge of quantum computers than traditional financial institutions.

The impact of Google's quantum breakthrough on the Bitcoin ecosystem is expected to be limited and, instead, will likely serve as an opportunity to accelerate the advancement of security technology. Over the past decade, Bitcoin has proven its unique security by overcoming numerous hacking attempts and technical difficulties. Even if the era of quantum computers arrives, Bitcoin is ready to maintain its status as digital gold and evolve. Investors should focus on Bitcoin's strong adaptability rather than vague anxieties caused by technological innovation.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*