This week, the cryptocurrency market was turbulent again, and one of the reasons was an unexpected statement from Google.

What happened?

Google presented its new quantum processor Willow, which made a breakthrough in quantum computing. As a result, Bitcoin dropped to $94.5k (-3.5%), ETH fell to $3.5k (-7.9%), SOL to $205 (-8.4%).

What is Willow?

Willow is the 'brain' of the quantum computer. It uses principles of quantum physics to process data. For example, Willow completed a computation in 5 minutes that would take a classical computer more time than the universe has existed.

How quantum technologies are useful:

• Climate forecasts: accurate modeling of climate and weather changes.

• Drug development: simulating complex molecules to create new medications.

• Optimization: improving logistics, traffic management, and financial strategies.

But there is also a downside:

Modern blockchains protect assets using cryptography (e.g., public keys and hash functions). Quantum computers can easily break these mechanisms by extracting the private key from the public one. This means that $BTC, $ETH, $SOL, and other assets are potentially vulnerable.

And it's not just about crypto. Banking systems, e-commerce, government data—all are at risk.

When to panic?

It's still early. Today, quantum computers are not yet capable of breaking blockchains. However, progress is happening faster than expected. If in 2023 they talked about 15-20 years until the threat, now the forecasts are shortening.

Blockchains need to become quantum-resistant. Researchers are already working on this, and by 2030, leading networks will likely be ready for such attacks.

So far, this all looks like another piece of FUD that everyone will forget in a couple of days. The media hypes this topic almost every year, it's time to get used to it)

What do you think about this topic? A real threat or another unfounded panic? Write in the comments ↓

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Max_pro_crypto