According to Odaily, billionaire Chamath Palihapitiya recently highlighted the potential risks posed by quantum computing to current encryption methods. During an online conference, Palihapitiya stated that approximately 8,000 Google quantum chips would be required to break the SHA-256 encryption. This revelation underscores the growing concerns within the tech community about the future of data security in the face of advancing quantum technology.

Earlier today, Palihapitiya took to X to express his views on the matter, emphasizing that while quantum computing could indeed threaten version 1 encryption methods, the timeline for such developments remains highly uncertain and is not expected to occur in the near future. His comments reflect a broader discourse on the implications of quantum advancements, as experts continue to debate the potential impact on existing cryptographic systems. As the technology progresses, the need for robust security measures becomes increasingly critical to safeguard sensitive information against potential quantum threats.

According to Odaily, billionaire Chamath Palihapitiya recently highlighted the potential risks posed by quantum computing to current encryption methods. During an online conference, Palihapitiya stated that approximately 8,000 Google quantum chips would be required to break the SHA-256 encryption. This revelation underscores the growing concerns within the tech community about the future of data security in the face of advancing quantum technology.

Earlier today, Palihapitiya took to X to express his views on the matter, emphasizing that while quantum computing could indeed threaten version 1 encryption methods, the timeline for such developments remains highly uncertain and is not expected to occur in the near future. His comments reflect a broader discourse on the implications of quantum advancements, as experts continue to debate the potential impact on existing cryptographic systems. As the technology progresses, the need for robust security measures becomes increasingly critical to safeguard sensitive information against potential quantum threats.

The Fear and Greed Index, a widely watched sentiment indicator for cryptocurrency markets, surged to 83 today, up from 76 yesterday, maintaining its classification as "Extreme Greed," according to Alternative data.The index, which ranges from 0 (extreme fear) to 100 (extreme greed), is composed of multiple metrics: volatility (25%), market trading volume (25%), social media sentiment (15%), market surveys (15%), Bitcoin's dominance in the market (10%), and Google Trends data for cryptocurrency-related keywords (10%).