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Concerns that quantum computers could one day break the safety of bitcoin are overratedAccording to Michael Saylor, the strategy executive director.
Speaking CNBC’s Squawk Box 6. JuneSaylor said these warnings were mostly Used to promote the so -called crypto currency with quantum theme.
According to him, the threat is more about marketing than a real risk.
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He explained that If a large technological company developed a working quantum computer,, Would not make it available to the public. It could hurt large companies and even governments. Saylor stated:
Google and Microsoft will not sell you a computer that breaks modern cryptography as it would destroy Google and Microsoft and the US government and the banking system.
If the time came when quantum technology could actually endanger bitcoin
Btc
107.025,17 USD
Saylor said the network would adapt. He believes that the developers and hardware manufacturers would work together to upgrade the software and hardware used in the system.
Saylor also pointed out that most users are far more likely to lose their Bitcoin in other ways. Physhing frauds and stolen passwords are much more common and immediate threats from quantum attacks. He claimed The chances of becoming a victim of internet fraud are “10,000 times” greater than being affected by quantum computing.
It also noted that Bitcoin’s The network is harder to break through from other systems that people rely on daily. In his opinion, the attackers would probably first target the E -Stand, Banks and Technology Service, as it is easier to compromise.
Recent Google Research suggests that quantum computers may need 20 times less QUBIT to break RSA encryption. What did the Craig Gidney researcher say about it? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
Aaron quoted more established outlets and was the author himself. Even during her free time, she enjoys exploring market trends and looking for the next Supernova.
