Google has announced its latest breakthrough, and the threat of quantum technology to Bitcoin is growing.
BlockBeats News, October 23rd, according to Decrypt's report, Google's latest quantum processor has achieved a goal pursued by physicists for decades: a tangible breakthrough in computation speed surpassing the world's most powerful supercomputers. This also means that the long-feared threat of quantum computing to Bitcoin seems to be becoming more real than ever.
According to a study published on Wednesday in the journal Nature, Google's 105-qubit "Willow" chip has successfully run a physical algorithm at a speed faster than any classical computer, marking the first experimental validation of quantum advantage on real hardware.
Although the application scope of this peer-reviewed achievement is still limited, its significance is profound: it indicates that quantum processors are gradually approaching the reliability for practical applications, and it also suggests that someday in the future, they may have the capability to break the encryption technology protecting Bitcoin and other digital assets.
You may also like

$70 trillion wealth transfer, the financial gateway is being rewritten | Interview with Robinhood CEO Vlad Tenev

Whale Opens 20x Oil Short on Hyperliquid With 5.6M USDC at Risk
Key Takeaways A significant leveraged short position on crude oil has been initiated on Hyperliquid using 5.6 million…

Bitcoin: The Ultimate Hedge Against Chaos
Key Takeaways Michael Saylor, co-founder of Strategy, firmly believes Bitcoin is the ultimate hedge against macroeconomic chaos. Strategy…

“Set 10 Major Targets First,” Whale Reopens Long Positions in Bitcoin
Key Takeaways A prominent cryptocurrency whale known as @Jason60704294 has reopened a long position in Bitcoin. The whale…

Analysis: Despite Bitcoin’s Price Dip, Bullish Trends Persist
Key Takeaways Despite Bitcoin’s decline below $71,000, its bullish momentum remains strong, with significant buying activity from ETFs…

DeFi Protocol Neutrl Faces Potential Security Breach
Key Takeaways The DeFi protocol Neutrl has reported a suspected attack on its front-end interface, urging users to…

OpenClaw Developers Targeted by Sophisticated GitHub Phishing Campaign
Key Takeaways OpenClaw developers are being targeted by a phishing campaign using fake GitHub accounts. Attackers claim to…

User Loses $85,000 in sNUSD to Phishing Scam
Key Takeaways A user lost approximately $85,000 in sNUSD due to a phishing attack. The attack involved a…

Bitcoin Tumbles Below $71,000 Amid Global Market Volatility
Key Takeaways Bitcoin (BTC) recently experienced a sharp drop, falling below the $71,000 mark, a significant decline influenced…

Ethereum: A Closer Look at Recent Price Movements
Key Takeaways Ethereum’s price has recently fallen below $2200, showing a daily increase of 0.55%. Ethereum (ETH) operates…

Pudgy Penguins’ Game Sparks Security Warning Amid Growing Phishing Scams
Key Takeaways A phishing campaign is targeting the Pudgy Penguins’ newly-launched game, Pudgy World, to steal cryptocurrency wallet…

The Cryptocurrency Market Downturn: An In-Depth Look
Key Takeaways The cryptocurrency market is experiencing a downturn driven by geopolitical tensions and surging oil prices. Bitcoin…

Ethereum Whale Activity: Major Accumulation Detected
Key Takeaways A significant whale activity has been detected, involving the purchase of 10,811.34 ETH over two weeks.…

Cryptocurrency Market Update: Major Developments and Insights
Key Takeaways Sky co-founder Rune Christensen has leveraged strategic moves to short the S&P 500 and invest in…

Whale Trading Strategies: Insights into Massive Crypto Moves
Key Takeaways A notable whale, @Jason60704294, made a profit of $7.093 million by closing a short position during…

BlackRock’s Significant Crypto Withdrawal from Coinbase
Key Takeaways In a surprising move, BlackRock has withdrawn 2,267 BTC and 5,041 ETH from Coinbase in the…

Ancient Whale’s Bitcoin Sale Spurs Market Movements
Key Takeaways An ancient cryptocurrency whale offloaded 1,000 BTC, valued at approximately $71.57 million, causing significant ripples in…

SEC Clarifies How Federal Securities Laws Apply to Crypto Assets
Key Takeaways: The SEC and CFTC jointly released a comprehensive guidance classifying crypto assets into five distinct categories.…
$70 trillion wealth transfer, the financial gateway is being rewritten | Interview with Robinhood CEO Vlad Tenev
Whale Opens 20x Oil Short on Hyperliquid With 5.6M USDC at Risk
Key Takeaways A significant leveraged short position on crude oil has been initiated on Hyperliquid using 5.6 million…
Bitcoin: The Ultimate Hedge Against Chaos
Key Takeaways Michael Saylor, co-founder of Strategy, firmly believes Bitcoin is the ultimate hedge against macroeconomic chaos. Strategy…
“Set 10 Major Targets First,” Whale Reopens Long Positions in Bitcoin
Key Takeaways A prominent cryptocurrency whale known as @Jason60704294 has reopened a long position in Bitcoin. The whale…
Analysis: Despite Bitcoin’s Price Dip, Bullish Trends Persist
Key Takeaways Despite Bitcoin’s decline below $71,000, its bullish momentum remains strong, with significant buying activity from ETFs…
DeFi Protocol Neutrl Faces Potential Security Breach
Key Takeaways The DeFi protocol Neutrl has reported a suspected attack on its front-end interface, urging users to…