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Bitcoin security concerns rise as Google unveils new quantum chip

🔸 Google CEO Sundar Pichai has 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 crack Bitcoin’s encryption, and the Bitcoin community is developing solutions that are resistant to quantum computers.

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