Bitcoin’s quantum threat is distant, but migration clock is ticking, says Adam Back

Bitcoin’s quantum threat is distant, but migration clock is ticking, says Adam Back.

• Blockstream CEO Adam Back, downplayed the immediacy of quantum computing as a threat to the Bitcoin network, but emphasized the need for the industry to prepare
• A foundational figure in Bitcoin history for his cryptography work, dating back to the 1990s, Back laid out his central argument, saying that while quantum risk is real in theory, it is not yet practical, inan interview with Bloomberg on Tuesday
• Back noted that “the current hardware…generally doesn’t have any error correction