Quote from: aioc on December 12, 2024, 10:05:16 PM

Quote from: superbotolo on December 09, 2024, 06:35:48 PM

Will this chip be able to break the cryptography behind BTC addresses so quickly that it will make the entire BTC network insecure?

I read that news but it has no impact whatsoever on the price of Bitcoin based on this article

Quote

Google's groundbreaking quantum chip, has reached only 105 qubits with improved error rates. Cracking SHA-256, another type of encryption used by Bitcoin, would require an even more powerful computer with millions of physical qubits.

Read more on U.Today https://u.today/googles-new-quantum-chip-wont-kill-bitcoin-expert-says

So Bitcoin is still safe for now but we don't know in the forseeable future, The developers are getting motivated to crack the Bitcoin; they need extensive testing, which will take a lot of time and doesn't guarantee results

Before these quantums will become a commodity like the internet and cheap enough to use them on such a scale - BTC will be quantum resistant, in my opinion.
So there is nothing to worry about in the perspective. And such news wouldn't hurt BTC at all, or only for a very short term in the minds of some people.