Google Quantum Breakthrough Threatens Cryptographic Security

Google has announced a significant advancement in quantum computing, achieving a 13,000-fold speed advantage over classical supercomputers with its Quantum Echoes algorithm. This breakthrough offers potential for revolutionizing various fields, including cryptography and blockchain, but also raises concerns about the security of existing cryptographic systems employed by cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Experts believe this development could impact the financial and technological landscape by demanding a rapid adaptation of encryption standards.