This will cause current encryption standards to become obsolete.
What happens to "secure" 256 bit password protected files that become public domain due to someone cracking it nearly instantly with the power of these chips?
I'd say we can move forward, but that's a felony (specifically it's treason) under US law to have an uncrackable encryption.
Edit: It may be treason or it may be conspiracy to commit/aid terrorism, but I know it's a serious offence to have an encrypted file that can't be cracked.
I'm already running at least on program with "an industry standard RSA encryption algorithm with a military-grade 4096 bit key"
my guess is it'll still take most computers a while to break through that, quantum or otherwise
Don't be too sure!!!
I still remember when I tried a 50 MHZ machine with Win 98 that was so slow, if you updated from 16 bit color, to 32, it would update the screen 1 section at the time until all 3 of them were complete. I also remember when my younger sister's pentium 200 MHZ machine was $2,000 & considered top of the line for a 15 in Packard Bell, with 33.6 k "high speed!!!!" modem for internet access, 24 MB RAM, Win 95, premium Canon 300 DPI printer...
We sure have come a long ways!!!
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Additionally, I heard some quantum chips may exist in 3D, or utilizing 3 or 4 sides instead of 1 or 2 to compute in.
Imagine how long it would take a dinosaur like what I mentioned above to crack anything, much less run Windows!!!
At the rate processors, computers, & 3D cards are advancing, I can see 4,096 bits being crackable in less than 10 years.
Eventually, they may even add support on 2D/3D graphics card to just act as the main processor on older computers with slower CPU, making it run lots faster than possible otherwise. Or, use the power of the 3D card to assist in cracking it.
Not to mention, they have cloud based cracking that utilizes the power of thousands, or even millions of PC's to do the job. When you millionfold the time it takes, it definitely makes it doable in lots shorter time!!!
Even if you offloaded all of the work onto a GPU, the way motherboards work, it'd still get bottlenecked through the CPU, which would have to be the central hub anyway. At least, with today's motherboards.