Today, Google Research published a paper on quantum computers, and it's really bad.
First of all, Google now thinks it would only take 500,000 qubits to crack crypto.
Earlier everyone thought it would be 1M, which means 20x less.
But this is just the tip of the iceberg.
Before today, everyone thought that quantum attacks would take months.
This means transactions are safe, and 1/3 of BTC are at risk
Google claims that a quantum computer could crack private keys in just 9 MINUTES.
This is a minute less than Bitcoin's average block time.
And this isn't just limited to BTC.
The research says that quantum computers could break into the top 1000 ETH wallets within 9 days.
And now here's the most scary part?
Google thinks crypto projects don't have decades to prepare for this.
Google thinks crypto projects don't have decades to prepare for this.
By 2030, Quantum computers could be powerful enough to crack Bitcoin and alts.
This means we have just 4 years before Quantum computers become a reality and not just FUD.
First of all, Google now thinks it would only take 500,000 qubits to crack crypto.
Earlier everyone thought it would be 1M, which means 20x less.
But this is just the tip of the iceberg.
Before today, everyone thought that quantum attacks would take months.
This means transactions are safe, and 1/3 of BTC are at risk
Google claims that a quantum computer could crack private keys in just 9 MINUTES.
This is a minute less than Bitcoin's average block time.
And this isn't just limited to BTC.
The research says that quantum computers could break into the top 1000 ETH wallets within 9 days.
And now here's the most scary part?
Google thinks crypto projects don't have decades to prepare for this.
Google thinks crypto projects don't have decades to prepare for this.
By 2030, Quantum computers could be powerful enough to crack Bitcoin and alts.
This means we have just 4 years before Quantum computers become a reality and not just FUD.
