River CEO Alexander Leishman said Bitcoin is at a much greater risk compared to the traditional banking system. Leishman stressed that quantum computers may threaten Bitcoin’s security, but that banking systems are more resistant to such attacks thanks to multi -layered security measures.

Leishman, on February 21, X (formerly Twitter) shared on his sharing, Bitcoin’s security is completely based on special keys, and if an address of an address is released, quantum computers can easily access the relevant funds.

While traditional computers spend millions of years to break today’s encryption methods, quantum computers theoretically suggest that it can do it in seconds.

Elliptic Curve Digital Signature Algorithm (ECDSA) used in Bitcoin (ECDSA) ensures the security of funds through special switches. However, when the open switch of a Bitcoin address appears, quantum computers can quickly predict this special key and thus steal the funds.

Leishman summarized this situation as follows:

“There is no layer of protection for any address released with an open switch. If you have access to a quantum computer, this is definitely the attack that provides the highest return. ”

This poses a major risk, especially for attacks targeting old Bitcoin wallets and addresses used many times.

Leishman argues that traditional banking systems have stronger security measures than Bitcoin. Even if a quantum computer can break the HTTPS encryption that protects online communication, it is not enough for the attackers to access bank accounts.

First of all, they need to seize data traffic, carry out DNS attacks and overcome authentication systems.

Banks use additional security measures such as IP Whitelist applications, multi -factor authentication (MFA) and symmetrical encryption. Since these systems are more resistant to quantum attacks, the likelihood of a sudden collapse in the banking sector seems lower.

For now, quantum computers do not pose a direct threat to Bitcoin or banking systems. However, the latest developments show that quantum calculation is progressing faster than expected.

On February 19, Microsoft introduced 1 of the new quantum chip Majorana. Microsoft claims that this chip proves that quantum calculation is “just a few years, not just a few years”.

Majorana 1 has been specially designed to reduce error rates, one of the biggest weaknesses of quantum computers. The details of this new technology are supported by a scientific article planned to be published in Nature magazine.

Although some experts in the world of technology say that the influence of quantum computers is at least a few decades away, companies such as Google and IBM predict that large -scale quantum computers can work with full capacity until 2033.

The Bitcoin community is working on some measures against the threat of quantum computer. Quantum resistant encryption techniques can increase Bitcoin’s security in the future. For example, some developers are working on new encryption methods such as Lattice-Based Cryptography to make Bitcoin quantum secure.

In addition, the Bitcoin network can move to quantum secure signature algorithms with a hard fork in the following years. However, a large community support is required to implement such changes.

For now, it does not pose a direct threat to quantum computers, Bitcoin and banking systems. However, as this technology develops, Bitcoin’s current security model may need to be changed.

Traditional banking systems carry less risks thanks to multi -layered security measures, while the security of decentralized systems such as Bitcoin is based on the protection of special switches. For this reason, Bitcoin users are especially recommended to manage their old wallets and addresses carefully.

In the coming years, it will be critical to follow the work of Microsoft, Google, IBM and other technology giants to see how quantum calculation will have an effect on crypto currencies and traditional finance.