Quantum computing is said to threaten the future of Bitcoin $BTC and cryptocurrencies as Google launched its quantum chip "Willow", which contains 105 "qubits", and the qubit is the cornerstone of quantum computers
Cryptocurrencies rely on very strong encryption that is difficult to crack, as the process of solving the Bitcoin code completely requires decades of work using traditional computers. There are about 21 million Bitcoin units representing the maximum of the currency, of which 19 million units are currently in circulation, with the remaining units expected to be mined by 2140.
Despite its power, experts point out that current quantum computing does not pose a direct threat to Bitcoin, because the "Willow" chip contains only 105 qubits, while cracking Bitcoin encryption requires a quantum computer containing 13 million qubits to work in one day.
Despite the complexity of cracking Bitcoin's encryption, rapid advances in quantum computing could make this threat a reality in the future.
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