While quantum computing is a threat to the safety of bitcoins, banks have several defense to prevent widespread collapse, calling the river Lishman.
Quantum computer can endanger bitcoin (BTC), the debate on it is once again heating up, river CEO Alexander Lishman argued that Bitcoin is at greater risk than traditional banking systems.
In One x post On 21 February, Lishman explained that with bitcoins, the safety of money depends entirely on the private key. Once a public key is revealed, a quantum computer can easily use money.
“There is no layer of security for any address with a public key. This, so far, the most ROI+ to attack if you have no question to QC. ,
Alexander leishman
However, the banking system is more secure, Leishman Egues. While a quantum computer can disrupt https encryption, which is used to secure online communication, the attackers still have to stop traffic and kidnapping DNS before achieving access to the bank system.
Banks also use additional safety layers such as IP wheatist and symmetrical password certification, which are not unsafe for quantum computers, Lishman explains.
“Even if you manage to pop a bank, you need to get that money somewhere. Everything is very KYC’D with lots of manual controls around the large movements of the fund. Good luck moves millions or billions without catching a human. ,
Alexander leishman
While quantum computing is a possible threat to bitcoins, it is nothing to worry about in the near future. However, recent developments suggest that quantum computing may be closer to the idea of earlier.
On February 19, Microsoft Pur: A new quantum chip, claims that it refers to quantum computing “not, not decades” away. The so-called Majorna 1 chip is designed to reduce the error-prone nature of quantum computing and is supported by a scientific paper for publication in nature.
However, there is still some doubt in the technology world how much effect quantum computing will have an impact, companies like Google and IBM are predicting quantum computers on a large scale and can run until 2033.
