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

▲ Google, Quantum Computer, Bitcoin (BTC), Ethereum (ETH)/AI Generated Image

Bitcoin (BTC) pioneer Adam Back has expressed a firm stance that Google's plan to commercialize quantum computers by 2029 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 adequately defend against it." He analyzed that technological advancements will lead to the evolution, not 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 allows it to upgrade to quantum-resistant cryptographic algorithms as needed. He explained that before quantum computers reach a level capable of threatening Bitcoin's current signature scheme, ECDSA, the entire network can transition to a quantum-resistant signature method. By undergoing verified update procedures such as soft forks, there will be no problem maintaining the security of Bitcoin assets. The Bitcoin community is already continuously researching to address these technological challenges.

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

Google's quantum breakthrough is expected to have a limited impact on the Bitcoin ecosystem and will rather serve as an impetus for the advancement of security technology. For over a 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 stemming from 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.*