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 unveiled its latest quantum processor, Willow- transforming quantum computing from technical curiosity to a practical tool.

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.

Willow solved a random circuit sampling problem in 5 minutes—a task classical supercomputers would take 10 septillion years to complete Superposition allows faster calculations, while entanglement enables instantaneous, secure data transmission, unlocking immense potential

Alphabet's Willow quantum chip, with 105 qubits, enhances AI and quantum applications, boosting sentiment. Click here to read my most recent analysis of GOOG.

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.