CandleFocus Google’s New Quantum Chip Won’t Kill Bitcoin, Expert Says
2024-12-10
Author: Content Editor
The introduction of Google's quantum computing chip, Willow, has raised speculation about the security of Bitcoin and other cryptocurrencies. Some attributed Bitcoin's recent price dip to the breakthrough in quantum computing. However, experts explain that Willow is not powerful enough to break Bitcoin's encryption, as it would require significantly more qubits. While quantum computing advancements are impressive, there is currently no practical use case for this power in stealing cryptocurrencies. Nevertheless, analysts suggest preparing for a post-quantum crypto in the future.
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