Google's new chip Willow made a big statement that quantum computing is coming to the real world. That could also mean a future of cryptocurrency hacking.

Google’s quantum chip Willow sparked fears for Bitcoin’s security. Discover why these fears are exaggerated and Bitcoin is safe.

Google unveiled an experimental machine capable of tasks that a traditional supercomputer could not master in 10 septillion years. (That’s older than the universe.)

Crypto executives urge better encryption technology as a safeguard against a potential attack powered by quantum computing.

Quantum computing represents massive opportunities if the company involved can be the first to market with a feasible device. Alphabet ( GOOG -0.24%) ( GOOGL 0.06%) seems to be on that track, as a chip produced by its Google subsidiary just posted an unbelievable score on a benchmark test.

While Google’s new chip called Willow has been noted for advancing the field of quantum computing, experts question the current real-world uses.

Quantum computing has the potential to be much faster than classical computing because it leverages the bizarre properties of matter that emerge at the smallest of scales. Quantum bits (or qubits) rely on superposition and entanglement to run some calculations orders of magnitude faster than classical computers,

Google has unveiled Willow, its latest, greatest quantum computing chip that can tackle complex problems in a mere five minutes—an accomplishment that would currently take the world’s fastest super computers an unfathomable ten septillion (that is, 10,000,000,000,000,000,000,000,000) years to achieve.

Shares of Google parent Alphabet soared as much as 6% on Tuesday after the company teased a major breakthrough with its new quantum computing chip “Willow.”

This announcement comes at a time when Google has faced criticism for slowing down in innovation and losing relevance, especially as competitors like OpenAI have gained significant attention.