The Presence of Quantum Computing Can Strengthen Bitcoin
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Blockstream CEO and Hashcash inventor Adam Back, said quantum computing cannot break the Bitcoin (BTC) algorithm in the future. However, it can make the Bitcoin network stronger.
According to him, Bitcoin signatures can prevent BTC transactions from being changed by other parties, this is an important part of the network's security mechanism. When a transaction takes place, the private key is used to sign the transfer as proof of the system that Bitcoin is in the address holder.
On the other hand, concerns arose when Willow, Google's quantum computing chip, was present and could threaten the crypto industry. Willow can process errors and calculations at incredible speeds.
Willow's capabilities are still not enough to compete with Bitcoin encryption, because Google's quantum chip only consists of 105 qubits, while Bitcoin reaches 13 million qubits.
