Google has introduced Willow, a quantum computing chip capable of solving problems in minutes that would take traditional supercomputers 10 septillion years.
Hartmut Neven, head of Google’s Quantum AI, called it a landmark achievement, particularly for its ability to reduce computational errors exponentially—a challenge researchers have tackled for decades. This milestone, termed “below threshold,” allows qubits, the building blocks of quantum computing, to scale reliably without excessive errors.
Google CEO Sundar Pichai described Willow as a step toward practical quantum computing, with potential applications in medicine, energy, and advanced technologies. Willow marks the second milestone in Google’s six-stage quantum roadmap.
Quantum advancements have raised fears about their ability to break blockchain encryption. However, experts like Kevin Rose note that cracking Bitcoin’s security would require quantum systems with millions of qubits, far beyond Willow’s current 105. Ethereum’s Vitalik Buterin has suggested strategies, such as hard forks, to mitigate future risks.
While Willow showcases impressive progress, practical quantum computing remains years away.
Yesterday, Bitcoin surged to $83,000 but quickly retraced its steps, dropping back below $80,000.
While the U.S. grapples with crypto regulations, Europe has quietly taken the lead in integrating digital assets into its banking sector.
Ark Invest has made another significant purchase of Coinbase shares, acquiring a total of 64,358 shares for $11.5 million on Monday, as the stock plummeted by 17.6% during a turbulent market session.
Deutsche Boerse’s Clearstream is set to offer cryptocurrency custody and settlement solutions to institutional clients, starting in 2025.