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Satoshi Sets the Final Point for the Threat that Could Destroy Bitcoin! - Coin Bulletin
Adam Back stated that Bitcoin is resistant to quantum computer threats with Taproot and future quantum-resistant technologies.
Adam Back, the founder of Blockstream, stated that the realization of the potential threats of quantum computer technology on Bitcoin and other cryptocurrencies will take at least a few decades.
According to Back, the Bitcoin protocol has the ability to support post-quantum (PQ) signature mechanisms through Taproot leaf nodes in the future. This approach will provide effective protection against threats from quantum computer resources without the need to enable quantum-resistant signature codes currently.
Additionally, Back expressed that in the future, more compact and mature quantum-resistant signature technologies will be released to the market. These developments are seen as an important step in ensuring the long-term security of the Bitcoin network.
Despite the potential of quantum computers to break current encryption algorithms, experts emphasize that Bitcoin's underlying technology is adaptable to such threats, which continues to raise concerns in the cryptocurrency world.
Taproot and other protocol developments provide a framework for Bitcoin to remain open and secure to future innovations.
These developments in the Bitcoin ecosystem send a critical message to investors and developers in terms of reducing concerns about the security of the network and increasing confidence in the technology.
Adam Back's statements point to a positive perspective on the future of cryptocurrencies, indicating that technological innovations will further strengthen the foundations of the sector.