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 just dropped Willow, a quantum chip that redefines what “fast” and “accurate” even mean. This isn’t your typical tech innovation. Willow can perform calculations in under five minutes, which would take the fastest supercomputers 10 septillion years to crack.
Google’s quantum chip Willow sparked fears for Bitcoin’s security. Discover why these fears are exaggerated and Bitcoin is safe.
This significant leap forward in processing power leads to questions about Bitcoin’s legendary security, unbroken for 15 years since the genesis block.
Researchers found in a yet-to-be-peer-reviewed study that the threat of quantum computers cracking Bitcoin encryption is very real.
Introducing Willow, our new state-of-the-art quantum computing chip with a breakthrough that can reduce errors exponentially as we scale up using more qubits, cracking a 30-year challenge in the field. In benchmark tests, Willow solved a standard computation in <5 mins that would…
As adoption accelerates, new price targets emerge, reflecting growing consumer interest and significant future investments.
Bringing your technology down … can be very, very costly, even if it's on for a few minutes or a few hours,” University of Kent lecturer Carlos Perez-Delgado said.
Google's new Willow quantum processor has reignited discussions around blockchain security and their ability to withstand rapid advancements.
Post-quantum computing is still "decades away" but despite widespread concerns, it may further secure the Bitcoin network and its peer-to-peer transactions.
Google has introduced the Quantum chip Willow, capable of flooring existing supercomputers and posing long-term threat to Bitcoin.
While quantum computing does indeed pose significant threats to current security systems, it's not a master key to the universe, at least not right now. And there is no looming threat to Bitcoin, either.