IBM unveiled advanced quantum processors, including the Nighthawk with 120 qubits, aiming for quantum advantage by 2026 and fault tolerance by 2029, bringing quantum computing closer to practical, large-scale applications, though still far from threatening Bitcoin's cryptography.
Google's latest research indicates that quantum computers could break RSA encryption 20 times faster than previously thought, raising concerns about the security of Bitcoin and other cryptographic systems. While current quantum computers are far from capable of such tasks, the findings accelerate the timeline for potential quantum threats, prompting the crypto community to develop quantum-resistant solutions. A Bitcoin bounty has been launched to test quantum vulnerabilities, highlighting the urgency of preparing for a post-quantum cryptographic era.