What Google’s quantum computing breakthrough Willow means for the future of bitcoin and other cryptos
Publishing timestamp: 2024-12-22 12:23:25
Summary
Google's new quantum chip, Willow, has the potential to drastically reduce computation times, which could theoretically provide hackers with tools to unlock algorithms that cryptocurrencies are built upon. However, Google says it is still 10 years away from quantum that can decode crypto, and new quantum-safe cryptocurrencies may emerge. Willow's speed and accuracy could change the way we think about risk in cryptocurrencies, but concerns are currently only theoretical. The crypto industry is working on quantum-safe crypto to ward off potential threats from quantum computers.
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Keywords: cyber threat, cryptocurrency, technology, computer crime, suppress zephr, cybersecurity, business news, alphabet inc,
Source: https://www.cnbc.com/2024/12/22/what-google-quantum-chip-breakthrough-means-for-bitcoins-future.html