RATE Group | Google’s Quantum Computing Breakthrough Is Striking Fear in the Cryptocurrency Industry
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Google’s Quantum Computing Breakthrough Is Striking Fear in the Cryptocurrency Industry

26 Oct Google’s Quantum Computing Breakthrough Is Striking Fear in the Cryptocurrency Industry

Posted at 15:07h in Cryptocurrency News by

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In a recent publication by Google, the tech behemoth claims to have achieved ‘quantum supremacy’ through its Sycamore quantum chip. Quantum supremacy essentially means the ability for a device to solve problems that traditional supercomputers cannot practically process.

While that might be good for technological advancements, the development has brought about uncertainties for the future of bitcoin and cryptocurrency in general. Some fear that the scaling of quantum computers could make Bitcoin’s cryptography hackable or breakable.

Google Quantum Computing

Quantum’s Computing and Google’s Success

Google claims that its quantum computer completed a calculation in 200 seconds — a calculation that would have taken today’s top supercomputer 10,000 years to solve.

As reported by Gizmodo, Google has been testing a 72-qubit device named Bristlecone, with the aim of achieving quantum dominance. The Financial Times later clarified that the device was actually a 53-qubit processor called Sycamore.

The man…

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