Google reveal quantum computing chip. Is Bitcoin threatened?

Google unveils Willow, the long-awaited first quantum computing chip. Even though there is a breakthrough in the computer revolution, what will be the future of Bitcoin?

Google CEO Sundar Pichai announced that Willow is the company’s first quantum computing chip. This breakthrough brought a new journey to useful quantum computers for practical applications.

“Introducing Willow, our new state-of-the-art quantum computing chip with a breakthrough that can exponentially reduce errors as we scale up using more qubits, overcoming a 30-year challenge in this field.”

Pichai stated in X’s December 10 post:

In the benchmark test, Willow was able to solve a standard calculation in under 5 minutes; This is estimated to take 10 to the power of 25 years, or the equivalent of 10,000 quadrillion centuries, for a classical supercomputer to solve.

This new revolutionary quantum computing processor can gradually reduce errors with super-fast gates to achieve low error rates, reconfigurability, and high connectivity algorithms.

Google Quantum AI hardware director Julian Kelly says any qubit with unusually high errors can be solved by “even reconfiguring” it and using tunability to develop new calibration strategies.

Are Bitcoin and other cryptocurrencies under threat thanks to this advanced computer development?

Google needs advanced chips to crack Bitcoin

The Willow Chip currently has 105 qubits, improving computer technology. But to crack the Bitcoin (BTC) blockchain, a quantum computing chip needs a maximum of 200 million to 400 million qubits.

The Bitcoin protocol also needs to allow the integration of post-quantum algorithms that would threaten the coin itself.

Despite this threat, SpaceX CEO Elon Musk responded to Pichai’s tweet by expressing his admiration for Google’s invention. Pichai responded with future collaborations for the quantum cluster on Starship.