Quantum computers could break Bitcoin
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Quantum computers of the future may be closer to reality thanks to new research from Caltech and Oratomic, a Caltech-linked start-up company. Theorists and experimentalists teamed up to develop a new approach for reducing the errors that riddle today's rudimentary quantum computers.
This team effort converges expertise to leverage quantum computing for an important, practical outcome.”— Marco Cerezo,
After 30 months of fast-paced innovation in quantum algorithms, six research groups are hoping to hit paydirt. But there can be only one big winner—if there is a winner at all.
Silicon is ubiquitous in modern electronics, and now it is becoming increasingly useful in quantum computing. In particular, silicon's compatibility with existing chip technology and its long coherence times in silicon-based spin qubits make it a promising material for scalable quantum computing.
Google's new whitepaper says it could take only minutes for a quantum system to crack Bitcoin.
Quantum computing research is evolving fast, but there a significant doubts if these devices will be relevant to the average company.
Pure plays such as IonQ and Rigetti Computing dominate the quantum computing narrative, but one member of the "Magnificent Seven" may be the better buy.