Rose

Chip

Quantum

Pepe

Google’s new Willow quantum computing chip is still far from being a threat to cryptocurrencies and their underlying encryption, says tech entrepreneur and former senior product manager at Google, Kevin Rose.
“Estimates indicate that compromising <a href="https://insidebitcoins.com/news/bitcoin-soars-past-100k-meme-coin-boom-on-the-cards-as-crypto-all-stars-raises-8-7m-in-presale" rel="noopener noreferrer nofollow">Bitcoin’s</a> encryption would necessitate a quantum computer with approximately 13 million qubits to achieve decryption within a 24-hour period,” Rose said in a Dec. 10 X <a href="https://x.com/kevinrose/status/1866253464420208722" rel="noopener noreferrer nofollow">post</a>. While noting that Willow is a “significant advancement,” he said that the chip only comprises 105 qubits currently. 
“We have a ways to go,” he said.
<img decoding="async" src="https://cdn.vox-cdn.com/thumbor/Ythic21vviMv1O9H5Nli5XrJbw0=/0x0:2544x1372/1400x788/filters:focal(1187x746:1188x747)/cdn.vox-cdn.com/uploads/chorus_asset/file/25782341/google_willow_chip.png" alt="Google reveals quantum computing chip with 'breakthrough' achievements - The Verge">
<h2 id="span-style-font-weight-400-google-quantum-computing-chip-processes-computations-at-mind-boggling-pace-span">Google Quantum Computing Chip Processes Computations At “Mind-Boggling” Pace</h2>
Google’s Quantum AI team said Willow can solve a computational problem, which would take around 10 septillion years to solve on the best quantum computers, in less than 5 minutes. The chip is also capable of exponentially correcting errors and processing certain computations at “mind-boggling” pace, according to Google’s Quantum AI lead Hartmut Neven.
“This mind-boggling number exceeds known timescales in physics and vastly exceeds the age of the universe,” Neven said in a Dec. 9 <a href="https://blog.google/technology/research/google-willow-quantum-chip/" rel="noopener noreferrer nofollow">blog post</a>.
<h2 id="span-style-font-weight-400-experts-call-for-post-quantum-cryptography-and-encryption-to-get-moving-in-the-web3-space-span">Experts Call For Post-Quantum Cryptography And Encryption To “Get Moving” In the Web3 Space</h2>
Lightspark CEO David Marcus said in a Dec. 9 X post that most people don’t “fully understand the significance” of Google’s latest breakthrough.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 I don’t think most people fully understand the significance of this breakthrough. <a href="https://t.co/8HF5LByg8v" rel="noopener noreferrer nofollow">https://t.co/8HF5LByg8v</a>
 — David Marcus (@davidmarcus) <a href="https://twitter.com/davidmarcus/status/1866208266214146554?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 9, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<a href="https://x.com/davidmarcus/status/1866210903898619985" rel="noopener noreferrer nofollow">Commenting</a> underneath the post, Marcus said that Google’s breakthrough means that post-quantum cryptography and encryption “needs to get moving” in the Web3 space in order for blockchains to remain secure.
However, Ethereum co-founder <a href="https://insidebitcoins.com/news/ethereum-co-founder-vitalik-buterin-bridges-32-eth-to-buy-400-patron-nfts" rel="noopener noreferrer nofollow">Vitalik Buterin</a> is not too concerned with quantum technology, and has already proposed a solution back in March to make Ethereum quantum-resistant. 
According to Buterin, a hard fork could subvert the issue. Users will also have to download new wallet software, but he doesn’t think too many people would lose their funds.
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New Willow Quantum Computing Chip Not Yet A Threat To Crypto, Says Former Google Product Manager

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