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TechFlow news, December 14 — Chamath Palihapitiya, founder of Social Capital, said during an online conference that breaking the SHA-256 algorithm used by Bitcoin would require approximately 8,000 Google quantum chips.
Earlier today, Chamath Palihapitiya posted on X: "Many people have misunderstood what I said. Quantum computing poses a risk to v1 cryptographic methods, but this is not something achievable in the near term."
On December 14, Chamath Palihapitiya, founder of Social Capital, said during an online conference that cracking Bitcoin's SHA-256 algorithm would require approximately 8,000 Google quantum chips. Earlier today, Palihapitiya posted on X: "Many people have misunderstood what I said. Quantum computing will pose a risk to v1 cryptographic methods, but this is not something achievable in the near term."
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