Google's new chip Willow made a big statement that quantum computing is coming to the real world. That could also mean a future of cryptocurrency hacking.

Google just dropped Willow, a quantum chip that redefines what “fast” and “accurate” even mean. This isn’t your typical tech innovation. Willow can perform calculations in under five minutes, which would take the fastest supercomputers 10 septillion years to crack.

Google’s quantum chip Willow sparked fears for Bitcoin’s security. Discover why these fears are exaggerated and Bitcoin is safe.

EMJ Capital founder and President Eric Jackson discussed the potential for Alphabet (GOOG)’s new quantum computing chip, Willow, being a potential Bitcoin and Nvidia killer on Making Money. Here is what he thinks about the new chip: As excited as people may have gotten about artificial intelligence in the past year,

Bitcoin uses algorithms like SHA-256 for mining and ECDSA for signatures, which might be vulnerable to quantum decryption. And the short answer is that quantum computers, even advanced ones like Google's Willow,

Crypto executives urge better encryption technology as a safeguard against a potential attack powered by quantum computing.

Google has introduced the Quantum chip Willow, capable of flooring existing supercomputers and posing long-term threat to Bitcoin.

This announcement comes at a time when Google has faced criticism for slowing down in innovation and losing relevance, especially as competitors like OpenAI have gained significant attention.