Farcaster

The fundamental reason for yesterday's market drop was this news👇

Bitcoin security concerns rise as Google unveils new quantum chip

🔸 Google CEO Sundar Pichai unveiled a new quantum chip called Willow with advanced capabilities. The 105-qubit chip has raised concerns in the cryptocurrency community about cracking Bitcoin's encryption algorithms.

🔸Willow was able to perform a calculation in 5 minutes that the most powerful non-quantum supercomputers could not do in 10 septillion (a septillion is 10 to the power of 24) years. However, experts believe that millions of qubits are needed to break Bitcoin's encryption, and the Bitcoin community is developing solutions that are resistant to quantum computers.

Although Willow is a significant advance in quantum computing, claims that it will defeat Bitcoin are currently more fear-mongering than reality.

The sting of a whip that wakes me up is better than a caress that puts me to sleep 
😏😎

Hi, I’m Bitmaster, an artist and passionate supporter of the arts. I create and champion diverse artistic expressions