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Could Google's supercomputer break Bitcoin? Crypto community remains optimistic
Bitcoin was debated on social media when Google announced Willow, their newest supercomputer hardware.
Willow computes typical calculations in five minutes, while supercomputers take light years.
Cryptocommunity members discussed Willow's ability to breach Bitcoin's encryption.
Bitcoin faces conflicting views on Tuesday as crypto community members discussed Google's new quantum device Willow's capacity to hack blockchain networks and make public key cryptography obsolete.
Bitcoin fears surge after Google's quantum processor announcement.
Google's Willow quantum computer device raises Bitcoin and crypto encryption issues. Willow's ability to undermine Bitcoin's security and private key cryptography is feared.
Willow, a 105-qubit quantum computing device, reduces processing mistakes. The chip can finish a benchmark work in under five minutes, "a task that would take today's supercomputers around 10 septillion years to complete," Google stated on Monday.
Crypto community members are divided on Willow's capabilities and its influence on Bitcoin and the crypto market.
Some people believe this new technology will break Bitcoin and eliminate crypto encryption.
Most experts said Willow's unprecedented processing speed has significant security flaws when tested with Bitcoin.
Bitcoin has two encryption algorithms: ECDSA and SHA-256, according to Bitcoin enthusiast Ben Sigman.
Sigman noted that both encryptions take millions of qubits to break, therefore Willow's 105 qubits won't crack Bitcoin.
Kevin Rose, True Ventures partner and presenter of The Kevin Rose Show, agreed.
Others said crypto won't worry investors if Willow can hack crypto encryption.
Willow may never crack Bitcoin's encryption, but most crypto community members agree that blockchains must be rethought to be future-proof as technology evolves.
Bitcoin trades slightly over $97,000 at press time, recovering from a market drop.
#MicroStrategyAcquiresBTC #AmazonBitcoinMove #MarketCorrection #QUANTUMvsBTC
Bitcoin was debated on social media when Google announced Willow, their newest supercomputer hardware.
Willow computes typical calculations in five minutes, while supercomputers take light years.
Cryptocommunity members discussed Willow's ability to breach Bitcoin's encryption.
Bitcoin faces conflicting views on Tuesday as crypto community members discussed Google's new quantum device Willow's capacity to hack blockchain networks and make public key cryptography obsolete.
Bitcoin fears surge after Google's quantum processor announcement.
Google's Willow quantum computer device raises Bitcoin and crypto encryption issues. Willow's ability to undermine Bitcoin's security and private key cryptography is feared.
Willow, a 105-qubit quantum computing device, reduces processing mistakes. The chip can finish a benchmark work in under five minutes, "a task that would take today's supercomputers around 10 septillion years to complete," Google stated on Monday.
Crypto community members are divided on Willow's capabilities and its influence on Bitcoin and the crypto market.
Some people believe this new technology will break Bitcoin and eliminate crypto encryption.
Most experts said Willow's unprecedented processing speed has significant security flaws when tested with Bitcoin.
Bitcoin has two encryption algorithms: ECDSA and SHA-256, according to Bitcoin enthusiast Ben Sigman.
Sigman noted that both encryptions take millions of qubits to break, therefore Willow's 105 qubits won't crack Bitcoin.
Kevin Rose, True Ventures partner and presenter of The Kevin Rose Show, agreed.
Others said crypto won't worry investors if Willow can hack crypto encryption.
Willow may never crack Bitcoin's encryption, but most crypto community members agree that blockchains must be rethought to be future-proof as technology evolves.
Bitcoin trades slightly over $97,000 at press time, recovering from a market drop.
#MicroStrategyAcquiresBTC #AmazonBitcoinMove #MarketCorrection #QUANTUMvsBTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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