Google's new chip Willow made a big statement that quantum computing is coming to the real world. That could also mean a future of cryptocurrency hacking.

Google’s quantum chip Willow sparked fears for Bitcoin’s security. Discover why these fears are exaggerated and Bitcoin is safe.

Quantum computing represents massive opportunities if the company involved can be the first to market with a feasible device. Alphabet ( GOOG -0.24%) ( GOOGL 0.06%) seems to be on that track, as a chip produced by its Google subsidiary just posted an unbelievable score on a benchmark test.

For most of its six-year life, the Defiance Quantum ETF behaved just like any other high-tech long shot: Unexceptional returns and meager investor interest kept it stuck among the investing also-rans that dot the exchange-traded fund landscape.

Google on Monday said that it has overcome a key challenge in quantum computing with a new generation of chip, solving a computing problem in five minutes that would take a classical computer more time than the history of the universe.

This announcement comes at a time when Google has faced criticism for slowing down in innovation and losing relevance, especially as competitors like OpenAI have gained significant attention.

Google just dropped Willow, a quantum chip that redefines what “fast” and “accurate” even mean. This isn’t your typical tech innovation. Willow can perform calculations in under five minutes, which would take the fastest supercomputers 10 septillion years to crack.