A recent report claims that Google may have achieved quantum computing. This could change how the world of computers works. Reports that Google was seriously working on the technology first emerged in 2018 via a paper released by NASA. It showed that NASA was testing the Quantum computing technology that Google was working on.
The report claimed that Google managed to conduct calculations using its Quantum computer that would take the fastest supercomputer today 10,000 years to complete. This has sent panic in the blockchain sector. The reason for this is that industry experts have long claimed the only way to hack a blockchain such as the BTC blockchain was by using a Quantum computer.
This is a Small Step
One BTC Core developer does not believe that there is yet a threat. In a Twitter thread, he claimed that the technology Google had developed was still a long way from breaking cryptography. Another report noted that Google had only managed 53 qubits. To break a blockchain such as BTC’s blockchain, they would need at least 1500 qubits.
Thus far, only a few details about the achievement have been released. It has been public knowledge for a while that Google was working on a 72 qubit device called Bristlecone. However, it would be a bit early to expect that the technology will break the blockchain. It is also worth noting that various projects are working to ensure that the blockchain becomes resistant to quantum computers.
Preparing for Quantum Computing
Developers in the blockchain sector are not sitting idly by, waiting for quantum computers to end them. Instead, there are projects actively working to tackle this issue. One such project is the Praxxis project, which is being developed by the inventor of E-cash David Chaum.
Another project that is tackling the issue is the QAN project. The project has already put out a statement saying that while Google’s announcement was dramatic, its significance was hard to gauge. However, if the technology does come, it will mean an overhaul of the entire blockchain ecosystem. That could happen a few years from now or many years from now. This is because there is a lot of strategic importance to this technology. As such, many nations working on it are quite secretive.
It is Important to Be Prepared
While quantum computing will not end the blockchain sector overnight, it is important to be ready for when it comes. If the industry is not prepared, some experts believe that this could spell doom. As the qubits grow, it will be important to grow the quantum-resistant of blockchains.
While it may sound like science fiction today, a lot of money is being spent to develop quantum computing. Besides that, researchers in this sector have not been forthcoming about their achievements. It is thus important for the blockchain sector to be prepared. While the blockchain holds a lot of potential, all that may not be worth much if quantum computing can crack it.
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