Google Willow Chip: Recently, Google has announced the new quantum computing chip ‘Willow’, which has attracted the attention of the entire tech world. This chip is so powerful that it can perform difficult calculations many times faster than existing computers. But the question is, how can this new technology of Google change the future of Bitcoin and other cryptocurrencies?
Bitcoin and other cryptocurrencies are very popular in the digital world today. but now this new technologyare in danger due to what is called quantum computing. The new quantum chip Willow, recently announced by Google, can further increase this threat.
What is quantum computing?
Quantum computers are different from existing computers.
- While ordinary computers understand data in 0’s and 1’s, quantum computers use ‘qubits’.
- These qubits can be both 0 and 1 at the same time.
- With this, quantum computers can perform difficult tasks at extremely fast speed.
Google’s new chip Willow is a big step in quantum computing, because it makes the computer faster and more accurate.
Why is Bitcoin at risk?
Encryption is used to keep Bitcoin and other cryptocurrencies secure. This encryption is so strong that it is very difficult to break it with a normal computer. But quantum computers are so powerful that they can break it in minutes.
With a special algorithm created in 1994, quantum computers can solve large numbers quickly. Due to this, the security of Bitcoin can be broken, and the coins kept in the digital wallet can be stolen.
Why is there more danger to Bitcoin?
The threat to Bitcoin is high because it runs without any government or regulator protection. If Bitcoin is stolen, there is no guarantee of getting it back. Many initial Bitcoin addresses, whose public keys have already been exposed, can easily become victims of quantum hacking. About 17.2 lakh bitcoins (about ₹ 13 lakh crore) are kept in these addresses.
Google’s impact on cryptocurrency
Google’s new quantum chip can change the level of digital security in the whole world. If Google works in the right direction, it can open the way for better security and faster transactions for Bitcoin and other cryptocurrencies. It will also impact sectors like online banking, health data, and government systems.
