The company has announced a new quantum computing chip called Willow, which can solve problems that would take years of work on a supercomputer in just minutes. To put that into perspective, imagine you have a library filled with billions of books and you need to look up a single piece of information. A regular computer would open one page at a time, while Google’s chip lets you search through all the books at once, which could radically change our lives.
The chip could solve complex scientific challenges, find new drugs, and provide solutions to climate issues. Google has been working on its internal research for more than a decade, with about 300 experts involved. Although the discovery is still in its early stages, shares of Alphabet, Google’s parent company, saw a rapid rise after the announcement of the development, giving Google a significant advantage over its competitors.
However, the discovery has raised concerns among Bitcoin and other cryptocurrency investors, as Google’s technology could allow them to dilute the complex cryptocurrency codes. There are currently 19 million Bitcoins in circulation, and it would take about 120 years to mine the rest. While some experts doubt that Google’s 105-qubit chip can crack Bitcoin’s 13-million-qubit encryption, the question remains: Will Google’s chip be able to mine Bitcoin faster and solve other complex problems?$BTC
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