Quantum Revolution by Microsoft and Atom Computing: New Mining Prospects

user avatar

by Giorgi Kostiuk

2 years ago

A recent announcement by Microsoft and Atom Computing could mark a turning point in quantum computing and blockchain mining.

Breakthrough in Quantum Computing

Microsoft and Atom Computing have developed a quantum computing system with 24 entangled logical qubits built from just 80 physical qubits, made possible by new error correction techniques. It was previously thought that thousands of physical qubits would be needed to create a single logical qubit.

Implications for Proof-of-Work

Analysts have long warned about the potential of quantum computers in cryptanalysis. SHA-256, used in blockchains to demonstrate Proof-of-Work, is one such measure. The current complexities of mining make it increasingly labor-intensive, but quantum speeds could change this.

Certain algorithms could provide a quantum advantage in solving classical challenges like Proof-of-Work.None

Future of Quantum Revolution

While Grover's Algorithm theoretically could significantly speed up mining, it requires substantial quantum resources that are not yet available. Microsoft and Atom Computing aim to create a 1,000-qubit computer by 2025, which could be a pivotal step towards new achievements.

Recent studies suggest that quantum technologies could change the approach to mining in the future. These technologies are expected to evolve over the coming decades, opening up new opportunities for innovation.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Bitwise Submits Updated Prospectus for XRP ETF Trust

Bitwise has filed an updated prospectus for its XRP exchange-traded fund trust on September 21, reflecting ongoing regulatory efforts.

user avatarMaya Lundqvist

New York Life Investment Management Partners with Centrifuge for On-Chain Bond Strategy

New York Life Investment Management has partnered with Centrifuge to tokenize a US high-yield corporate bond strategy on the Avalanche blockchain, allowing institutional buyers to use USDC for subscriptions and redemptions.

user avatarLeo van der Veen

ShredPay Partners with Jack Henry to Enhance Digital Asset Integration

ShredPay partners with Jack Henry to enable banks and credit unions to access stablecoin and digital asset services.

user avatarLi Weicheng

Strive Increases Bitcoin Holdings to 26,355 BTC

Strive has disclosed a purchase of 1,355 BTC, raising its total Bitcoin holdings to 26,355 BTC.

user avatarAisha Farooq

Broadcom Set to Gain from Alphabet's Custom TPU Sales

Broadcom is set to benefit from Alphabet's decision to sell custom TPUs to external data centers, enhancing its AI semiconductor revenue through a long-term agreement until 2031.

user avatarBayarjavkhlan Ganbaatar

Alphabet Enters Hardware Market with Custom TPUs for Data Centers

Alphabet announces the sale of its custom-made Tensor Processing Units (TPUs) to external data centers, marking a significant move into hardware sales.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.