Adam Back: crypto addresses can prepare for quantum computing era
@adam3us: Adam Back on crypto readiness
Adam Back, co-founder and CEO of Blockstream and a key figure in the cryptocurrency world, highlights the flexibility of migrating to new crypto address formats.
In a recent statement through social media, Back mentioned that users can transition to updated address formats leisurely over the next few years or even decades. This transition can enable the use of Schnorr signatures without incurring current space and fee costs associated with SLH-DSA signatures. Importantly, it could also prepare the ecosystem for the possible advent of cryptographically relevant quantum computers.
Back's remarks underscore the ongoing evolution and preparation within the cryptocurrency space for future technological challenges, maintaining the security and efficiency of digital transactions.
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Back’s perspective on technological adaptation within the cryptocurrency sector aligns with broader discussions on strategic growth and preparedness. His forward-looking stance recalls earlier analysis of the comparative investment trajectories between MetaPlanet and MicroStrategy, where adaptability was a focal point. Additionally, his emphasis on anticipating technological shifts mirrors prior evaluations of MicroStrategy’s Bitcoin growth potential, underscoring the significance of proactive planning in the digital asset space.
In the previous news, tweet author Adam Back discussed blockchain scalability and potential improvements.
