Adam Back, a key figure linked to Bitcoin's creation, has dismissed concerns that quantum computers will destroy Bitcoin's security. He pointed out that quantum-resistant cryptographic solutions are already in development and testing, such as the SHRINCS protocol, which aims to protect Bitcoin without overloading the network. Back emphasized that current quantum algorithms do not pose an immediate threat due to Bitcoin's reliance on hash functions, which are resistant to quantum attacks. This ongoing development suggests Bitcoin's security infrastructure is evolving alongside quantum computing advances, reducing the risk of a sudden collapse.
Regarding Bitcoin's quantum security debate, here is Pluang's market snapshot as of Nov 04, 2026 19:02 WIB: Among 50 major cryptocurrencies priced on Pluang, 39 rose and 10 fell today. Notable movers include SXP (Solar) down 46.27% to Rp37, BAL (Balancer) up 11.14% to Rp16.297, and BAT (Basic Attention Token) up 9.21% to Rp2.507 with a 78% sell order activity. The most notable figure is SXP's 46.27% decline.
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