Is Microsoft Accelerating the Threat of Quantum Attacks for Bitcoin?
On February 19, Microsoft unveiled a new quantum chip, Majorana 1, which could bring the moment when quantum computers will be able to hack cryptocurrency closer. According to River, by 2027–2029, a quantum machine with a million qubits will be able to attack Bitcoin addresses if it operates for several days or weeks.
River CEO Alexander Leishman warns: “Even if the threat is in the future, we need to prepare now.” However, critics consider the fears exaggerated. Firstly, quantum technologies can strengthen Bitcoin itself, and secondly, banks with $188 trillion in assets will be the first targets of hackers, and not the crypto market with $3.2 trillion.
Cryptographer Adam Back is sure that the real threat is decades away, and solutions already being developed, such as BIP-360, can make Bitcoin quantum-resistant through a soft fork.
Conclusion? Time will tell. But if the quantum apocalypse comes, are your assets ready? Find out how to protect your Bitcoin today! 🚀🔥 #CryptoFuture #Bitcoin❗ #quantumcomputing