Google has unveiled its latest quantum computing chip named Willow, capable of performing certain calculations in just 5 minutes that would take traditional computers about 10 septillion years to complete.
Willow uses 105 qubits and shows reduced error rates as qubit count increases – a major breakthrough in quantum computing.
The current encryption used by Bitcoin would require millions of qubits to break, making Willow's 105 qubits no immediate threat to Bitcoin's security.
Experts estimate meaningful quantum threats to crypto security may emerge between 2030-2050, prompting industry leaders to work on quantum-resistant solutions.