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REGULATION
by
2 months ago

New Microsoft’s quantum computing chip, Majorana 1, reignites fear of breaking Bitcoin and blockchain encryption methods

2025-02-22

REGULATION
by
2 months ago

 

Microsoft has introduced a groundbreaking quantum chip called Majorana 1 on February 19, 2025. It is designed to solve complex industrial problems in just a few years.

 

The chip is powered by a Topological Core architecture, which utilizes Majorana particles to create more reliable and scalable qubits.

 

Qubits are the fundamental units of information in quantum computing, similar to binary bits in classical computing

 

A Game-Changer in Quantum Computing

The Majorana 1 chip is built using a special material known as a topoconductor that can control Majorana particles, allowing for the creation of more stable quantum bits, or qubits.

 

Qubits are the building blocks of quantum computers, and this new development could lead to systems capable of processing a million qubits—a major milestone for practical quantum applications.

 

The chip is made from indium arsenide and aluminum, fabricated almost atom by atom. This material stack helps protect quantum information from random disturbances and allows for reliable measurement and digital control.

 

Currently, Majorana 1 contains eight topological qubits but has the potential to scale up to one million qubits on a single chip. Achieving this milestone could enable solutions for complex problems that current computers cannot solve efficiently.

 

What This Means for the Future

Microsoft believes Majorana 1 could revolutionize industries by enabling quantum computers to perform tasks impossible for today’s most powerful supercomputers. Potential applications include:

  • Breaking down microplastics into harmless materials
  • Developing self-healing materials for construction and healthcare
  • Designing new medicines using precise molecular calculations
  • Creating better catalysts to reduce pollution

 

A New Path for Quantum Technology

Microsoft has been working on this project for nearly two decades, choosing to develop topological qubits instead of traditional quantum computing methods. The Majorana 1 chip is small enough to fit in the palm of a hand yet holds the potential to power the first large-scale quantum computer.

 

With support from the Defense Advanced Research Projects Agency (DARPA), Microsoft is one of the leading companies pushing quantum computing towards commercial use. Experts believe this technology could soon surpass traditional computing methods.

 

Quantum Computing and Bitcoin Security

While quantum breakthroughs bring excitement, they also raise concerns in the cryptocurrency industry.

 

Some fear quantum computers could eventually break existing encryption methods, including those securing older Bitcoin wallets.

 

However, experts say this won’t be an immediate threat, estimating that such risks may arise between 2029 and 2035.

 

Quantum computers have long been considered a threat to cryptographic security, and the Majorana 1 chip’s capabilities have reignited debates about the timeline for quantum attacks on digital assets.

 

Despite these concerns, experts like Pierre-Luc Dallaire-Demers, a scientist-in-residence at the University of Calgary, believe that the timeline for quantum threats to Bitcoin remains unchanged, estimating that older Bitcoin wallets could be vulnerable by 2029-2031.

 

Microsoft’s Majorana 1 chip leverages Majorana fermions to create qubits that encounter fewer errors, making them easier to scale.

 

However, Dallaire-Demers estimates that this technology is still a decade away from surpassing superconducting qubits in dominance.

 

While some fear that quantum advancements could lead to the cracking of cryptographic protections, most blockchain projects have contingency plans in place to counteract these risks.

 

The quantum threat to cryptography extends beyond cryptocurrencies.

 

Future quantum machines may be capable of breaking Rivest-Shamir-Adleman (RSA) encryption, widely used in securing internet communications.

 

While the Majorana 1 chip is unlikely to pose an immediate threat, Dallaire-Demers suggests that by 2035, it may become a serious contender for breaking RSA encryption.

 

 

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