The name claimed to be Satoshi Nakamoto responded to the claim that quantum computers will break Bitcoin's encryption!

Adam Back, the founder of Blockstream, assured the crypto community that the threat posed by quantum computers to the security of Bitcoin is still a few decades away. He also explained how Bitcoin is already equipped with a mechanism to address potential quantum-related risks in the future without the need for urgent changes.

Adam Back is among the names claimed to be Satoshi Nakamoto.

Quantum computers theoretically can break the cryptographic security that underpins Bitcoin and other cryptocurrencies. This has raised concerns that BTC wallets could become vulnerable to hacking one day.

Adam Back announced that Bitcoin is already ‘quantum ready’ in 2021 thanks to Taproot, a technology implemented in Bitcoin. Taproot uses ‘leaf nodes’ that can hold placeholders for future advanced cryptographic technologies, including quantum-resistant (post-quantum or PQ) signatures, in its design.

In simpler terms, Bitcoin’s current system is like a house built with extra empty rooms that can be equipped with advanced security gates later if necessary. For now, these rooms are not being used but are ready for upgrades.

It emphasized the need not to rush to enable quantum-resistant signature technology. Please provide the text to be translated.

• The Threat Is Decades Away: It will be decades before quantum computing becomes powerful enough to break Bitcoin’s cryptography.
• Future Innovations: Cryptographic research is constantly advancing. When quantum computers become a real threat, more compact, efficient, and well-studied solutions will likely be available for quantum-resistant signatures.

Bitcoin users can prepare for quantum-resistant cryptography without enabling it immediately. This includes:

• Wallets Preparing for the Future: Wallets can use new cryptographic formats that are compatible with future technologies while continuing to use the current signature system (Schnorr signatures).
• Smooth Transition: If quantum computing becomes a real threat, Bitcoin can transition to these quantum-resistant systems without major disruptions. Please provide the text to be translated. Back is of the opinion that these preparations should alleviate concerns related to quantum computing. In a possible scenario where quantum computing progresses faster than expected, Bitcoin has a system in place to adapt. However, it is highly likely that this will not happen for several decades, allowing researchers to develop and improve compact, efficient solutions in the meantime.