Quantum Threat to Bitcoin Grows as Google Reveals Latest Breakthrough

Google's Willow processor has achieved a verified quantum speed-up, marking a significant advancement in quantum computing. According to a recent study, the 105-qubit Willow chip performed a physics algorithm approximately 13,000 times faster than the fastest classical supercomputers, completing a task in just over two hours that would take around 3.2 years on the Frontier supercomputer. This experimental success raises alarms regarding the potential for quantum technology to break encryption methods crucial for securing Bitcoin and other cryptocurrencies in the future. Industry experts highlight the importance of transitioning to post-quantum cryptographic methods to prepare for a possible existential threat to Bitcoin from quantum computing advancements. While the risk remains several years away, the steady progress in quantum capabilities serves as a crucial reminder for the crypto community to start addressing these vulnerabilities.

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