In addition, Baidu has created the world’s first all-platform quantum hardware-software integration solution that enables users to get access to a variety of quantum chips via a mobile app, a personal computer, or the cloud, as confirmed in a press release. This new product, presented at Quantum Create 2022, a conference for quantum developers that took place in Beijing, prepares the way for the long-awaited industrialization of quantum computing. It is anticipated that quantum computing will bring about ground-breaking transformations in fields such as AI, computational biology, material simulation, and financial technology. Using a high-fidelity 10 quantum bits (qubits) of power, ‘Qian Shi’ makes available to the general public a quantum computing service that is both reliable and significant.
Quantum computing continues to advance
The field of quantum computing is making great strides. As a result a growing number of componential contributions that quantum computing may make to their existing operations in the real world. As a result, the ‘Liang Xi’ solution, the world’s first all-platform quantum hardware-software integration solution, has been developed. Dr. Runyao Duan, Director of the Institute for Quantum Computing at Baidu Research, stated: He added:
Quantum computing impacting the crypto space
Notably, in June, Australian computer scientists made a quantum computing breakthrough by designing the world’s first integrated circuit computer created at an atomic scale. With the increasing development is quantum computing, many have speculated how this will affect cryptocurrencies, in particular, the flagship digital asset, Bitcoin. The potential of quantum is also expected to find use cases in cryptocurrency, and experts have noted that the technologies might potentially be ready within the next decade. The researchers warned that quantum computers could break the cryptographic encryption used to safeguard mobile phones, bank accounts, email addresses, and Bitcoin wallets, as reported by Finbold. As a result of the existence of this option, several industry professionals have identified the technology as a potential danger to Bitcoin. For example, the Peer-to-peer exchange platform LocalBitcoins suggested that quantum computers may be able to break the cryptographic methods that protect Bitcoin. The group warned about the possibility that the computers may target previously used Bitcoin addresses and get access to the private key.
