{"id":101914,"date":"2024-11-28T22:20:17","date_gmt":"2024-11-29T02:20:17","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=101914"},"modified":"2024-11-28T22:21:29","modified_gmt":"2024-11-29T02:21:29","slug":"microsoft-pioneers-quantum-exclusive-blockchain","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/microsoft-pioneers-quantum-exclusive-blockchain\/","title":{"rendered":"Microsoft Pioneers Quantum-Exclusive Blockchain Mining Revolution"},"content":{"rendered":"\n<p>Ultimately, the new hardware has the potential to host a theoretical algorithm that has the capacity to transform <a href=\"https:\/\/coinscreed.com\/staging\/proof-of-work-vs-proof-of-stake-similarities-and-differences.html\" target=\"_blank\" data-type=\"post\" data-id=\"36906\" rel=\"noreferrer noopener\">proof-of-work<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Microsoft-Pioneers-Quantum-Exclusive-Blockchain-Mining-Revolution-1024x576.jpg\" alt=\"Microsoft Pioneers Quantum-Exclusive Blockchain Mining Revolution\" class=\"wp-image-101948\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Microsoft-Pioneers-Quantum-Exclusive-Blockchain-Mining-Revolution-1024x576.jpg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Microsoft-Pioneers-Quantum-Exclusive-Blockchain-Mining-Revolution-300x169.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Microsoft-Pioneers-Quantum-Exclusive-Blockchain-Mining-Revolution-768x432.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Microsoft-Pioneers-Quantum-Exclusive-Blockchain-Mining-Revolution-860x484.jpg 860w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Microsoft-Pioneers-Quantum-Exclusive-Blockchain-Mining-Revolution.jpg 1116w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Microsoft and California-based Atom Computing have announced a groundbreaking development in quantum computing that could influence the future of blockchain mining. <\/p>\n\n\n\n<p>Their collaborative effort has resulted in a quantum system featuring 24 entangled logical qubits derived from just 80 physical qubits \u2014 setting a new benchmark for qubit efficiency using error correction techniques.<\/p>\n\n\n\n<p>This breakthrough drastically reduces the resource requirements for logical qubit construction, previously estimated to need thousands of physical qubits per logical qubit. The achievement signals a potential acceleration in scaling <a href=\"https:\/\/www.nature.com\/articles\/s41534-016-0004-0\" target=\"_blank\" rel=\"noreferrer noopener\">quantum systems<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> for practical applications.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Atom Computing Overview\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/h_kLWpL_3OU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Impact on Blockchain Mining and Proof-of-Work<\/h2>\n\n\n\n<p>Quantum computing advancements like this could transform <a href=\"https:\/\/coinscreed.com\/staging\/top-mining-metals-firms-test-blockchain-to-trace-cobalt-for-electric-cars.html\" target=\"_blank\" data-type=\"post\" data-id=\"3629\" rel=\"noreferrer noopener\">blockchain mining<\/a>, particularly systems reliant on proof-of-work (PoW) mechanisms. <\/p>\n\n\n\n<p>In blockchain networks such as Bitcoin, miners solve computational puzzles (e.g., SHA-256 encryption) to validate transactions and secure the network. As mining difficulty increases, quantum computers\u2019 potential to outperform classical systems grows more relevant.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Grover\u2019s Algorithm and Quantum Speedup<\/strong><\/h2>\n\n\n\n<p>Grover\u2019s Algorithm, a theoretical quantum search method, offers a quadratic speedup over classical brute-force attempts. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"What is Grover&#039;s Algorithm?\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/_cDIzwycANg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>While it\u2019s yet to be applied at a practical scale, Grover\u2019s Algorithm could theoretically halve the computational effort required to solve SHA-256 puzzles. <\/p>\n\n\n\n<p>However, implementing this would require quantum systems with hundreds or thousands of error-corrected logical qubits \u2014 far beyond current capabilities.<\/p>\n\n\n\n<p>Microsoft and Atom Computing\u2019s system demonstrates quantum scalability by achieving a record in logical qubit efficiency. <\/p>\n\n\n\n<p>A mathematical model suggests that with around 3,000 logical qubits, quantum mining rigs could surpass classical mining rigs, potentially monopolizing block rewards.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Timeframe and Industry Impact<\/h2>\n\n\n\n<p>Despite the breakthrough, significant hurdles remain before such quantum mining systems become feasible. Analysts estimate a timeline of 10 to 50 years for quantum computing to surpass current limitations, though these predictions vary widely.<\/p>\n\n\n\n<p>However, Microsoft and Atom Computing's progress may expedite developments. According to Atom Computing, they aim to market a 1,000-qubit quantum computer by 2025, hinting at the rapid advancement of the technology.<\/p>\n\n\n\n<p>This progress could prompt blockchain developers to adopt quantum-resistant encryption methods to safeguard the integrity of decentralized systems in a quantum-powered future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ultimately, the new hardware has the potential to host a theoretical algorithm that has the capacity to transform proof-of-work. Microsoft and California-based Atom Computing have announced a groundbreaking development in quantum computing that could influence the future of blockchain mining. Their collaborative effort has resulted in a quantum system featuring 24 entangled logical qubits derived [&hellip;]<\/p>\n","protected":false},"author":56,"featured_media":101948,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[3996,152,754,202,2227,370,7818,17139,13186,870],"class_list":["post-101914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ai","tag-bitcoin","tag-bitcoin-mining","tag-blockchain","tag-microsoft","tag-mining","tag-proof-of-work","tag-quantum-computing","tag-science-2","tag-technology"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Microsoft-Pioneers-Quantum-Exclusive-Blockchain-Mining-Revolution.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=101914"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101914\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/101948"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=101914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=101914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=101914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}