Will Google’s New ‘Willow’ Chip Break Bitcoin? Some Dismiss It As ‘Fantasy’ While Others Flag ‘Risk’ That Isn’t Immediate
Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiary Google’s unveiling of its next-generation quantum chip, “Willow” has sent ripples through the tech world, with its lightning-fast computation capabilities stoking concerns for Bitcoin (CRYPTO: BTC) and other cryptocurrencies.
What happened: The new chip, developed at the company’s California quantum lab, can solve a standard benchmark computation in under five minutes, a task that would take the world’s fastest supercomputers 10 septillions, or 10^25, years to solve.
The fear is, it would break the much-vaunted Bitcoin security.
For context, Bitcoin’s decentralized and trustless structure is powered by cryptography—a practice of coding information to keep it secure and only readable by the intended recipient.
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A widely followed X user, going by the pseudonym John Trades MBA, made a sweeping remark on the new chip’s impact on Bitcoin’s mining.
“If Google quantum chip Willow is really that good they could mine all the remaining Bitcoin. 1.1 million Bitcoins are left to be mined worth $110 billion.”
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