Bitcoin's recent price correction has been linked to the announcement of Google's Willow quantum computer, which some believe could threaten cryptocurrency security. However, experts refute this notion, stating that:
- Google's Willow chip has only 105 qubits, far below the estimated 13 million qubits needed to compromise Bitcoin's encryption.
- Bitcoin developers are already working on making the cryptocurrency quantum-safe.
- If quantum computing becomes a viable threat to Bitcoin, traditional banking systems would also be at risk.
- For Willow to pose a real threat, it would need to be affordable and widely accessible, which is unlikely given the current market, as seen with the availability of NVIDIA's H200.
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- Google's Willow chip has only 105 qubits, far below the estimated 13 million qubits needed to compromise Bitcoin's encryption.
- Bitcoin developers are already working on making the cryptocurrency quantum-safe.
- If quantum computing becomes a viable threat to Bitcoin, traditional banking systems would also be at risk.
- For Willow to pose a real threat, it would need to be affordable and widely accessible, which is unlikely given the current market, as seen with the availability of NVIDIA's H200.
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Elon Musk Reveals Next Step For D.O.G.E., Hereβs All
Read: https://coingape.com/elon-musk-reveals-next-step-for-doge-heres-all/?utm_source=Telegram&utm_medium=cryptohub
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Read: https://coingape.com/elon-musk-reveals-next-step-for-doge-heres-all/?utm_source=Telegram&utm_medium=cryptohub
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Breaking: US CPI Comes In At 2.7% Signaling BTC & Altcoins Rally Ahead
Read: https://coingape.com/us-cpi-comes-in-at-2-7-signaling-btc-altcoins-rally-ahead/?utm_source=Telegram&utm_medium=cryptohub
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Read: https://coingape.com/us-cpi-comes-in-at-2-7-signaling-btc-altcoins-rally-ahead/?utm_source=Telegram&utm_medium=cryptohub
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Breaking: Riot Platforms Buys Another 5,113 Bitcoin for $510 Million
Read:https://coingape.com/riot-platforms-buys-another-5113-bitcoin-for-510-million/?utm_source=telegram&utm_medium=cryptohub
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Read:https://coingape.com/riot-platforms-buys-another-5113-bitcoin-for-510-million/?utm_source=telegram&utm_medium=cryptohub
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β Microsoft shareholders vote against bitcoin
β Us Bitcoin investor Jailed
β Drakeβs account gets hacked to promote memecoin
β Trumpβs comments on crypto
β Michael Saylor urges US government to invest in bitcoin
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