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Google's Quantum Computing Breakthrough Fears in Cryptocurrency Industry



In a recent Google post the technological behemoth claims to have achieved "quantum supremacy" through its Sycamore quantum chip. Quantum dominance essentially means the ability of a device to solve problems that traditional supercomputers virtually cannot handle.

While this may be useful for technological advances, development has led to uncertainty about the future of bitcoin and cryptocurrency in general. Some fear that the scaling of quantum computers could make Bitcoin cryptography hackable or fragile.

  Google Quantum Computing

Quantum Computing and the success of Google

Google claims that it claims a computer completed a calculation in 200 seconds – a calculation that would take today's top supercomputer for 10,000 years to solve.

As reported by Gizmodo Google has been testing a 72-cubic-inch device named Bristlecone to achieve quantum domination. The Financial Times later clarified that the device is actually a 53-qubit processor called Sycamore.

The man who spelled out the word & # 39; Quantum Supremacy & # 39; in 2012, a professor at the California Institute of Technology named John Preskil said it was "a truly impressive achievement in experimental physics."

  Quantum Computer

Google's success is a loss of bitcoin?

However, experts believe that the development of Google's quantum calculations is still in its infancy. Preskill said "The problem that their machine solves with astounding speed is very carefully chosen precisely to demonstrate the superiority of a quantum computer," and the problem of commercial scalability must put the mind of cryptocurrency – back to rest.

Blockchain protection refers to Google's quantum computer, pointing to a new wave of blockchain technology that has been reported to be resistant to quantum computing. For example, E-cash founder David Chaum does this with his new cryptocurrency, Praxxis. Chaum said this about Google's latest breakthrough:

Google's idea of achieving a quantum breakthrough sounds very dramatic, but it's really hard to gauge the significance at this point. How can we be sure that Google's quantum computer is more powerful than the D-wave computer, for example, which exceeded 1000 cubes four years ago? "

Do you believe that the latest developments in Google for quantum computers will soon begin to affect the cryptocurrency market? Tell us your thoughts in the comments below.


Images courtesy of Shutterstock.


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