No, Google’s Willow Quantum Compute Chip Not a Bitcoin Threat (Yet)
Some in the crypto community fear that Satoshi Nakamoto’s Bitcoin stash might be in danger due to Google’s new quantum computing chip, Willow.
Despite concerns, analysts believe Google’s 105 qubit processing power isn’t enough to threaten Bitcoin’s SHA-256 and ECSDA algorithms.
Bitcoin’s creator, Satoshi, left instructions to re-write the hash function if quantum computing ever cracked Bitcoin’s security.
The market reacted with concern, causing a drop in Bitcoin price including ETFs, but Bitcoin quickly recovered and is now trading over $97k USD again.
If you had over a million Bitcoins, as the blockchain’s pseudonymous developer Satoshi supposedly has, you’d do everything in your power to protect them, right?
However, some in the community are getting a little angsty that Satoshi’s private stash might be in danger after Google revealed a new quantum computing chip. According to the tech company, the new product has provided a “thirty-year breakthrough” in the field.
It sounds a bit like something out of Harry Potter, but Google’s chip, called Willow, can process 105 qubits with improved error rates