The Willow chip, developed by Google, represents a significant reduction in error rates for preparing the quantum states required for advanced calculations. According to the announcement, the chip achieves this with about 40 times fewer errors, addressing one of the key hardware bottlenecks that has stood in the way of any future attempt to crack Bitcoin wallets.
The advance is particularly concerning for so-called Satoshi-era Bitcoin, the earliest coins mined by the network's pseudonymous creator and other early adopters. These wallets often use older address formats that are considered more vulnerable to quantum attacks. While current quantum computers remain far from capable of breaking Bitcoin's elliptic curve digital signature algorithm (ECDSA), the steady reduction in error rates raises the long-term risk.
Bitcoin's community has discussed quantum-resistant upgrades for years, though no concrete proposal has been adopted. The new breakthrough may intensify calls for the network to transition to post-quantum cryptographic algorithms.