Microsoft and Atom Computing advance blockchain mining research

Microsoft and Atom Computing have achieved a breakthrough in quantum computing, creating 24 logical qubits using only 80 physical qubits.

This advancement sets a new benchmark for efficiency in quantum systems and has potential implications for blockchain mining, specifically proof-of-work (PoW) processes.

PoW mining, used by networks like Bitcoin (CRYPTO:BTC), relies on solving cryptographic puzzles such as SHA-256 to validate transactions.

As mining difficulty increases, traditional methods require more computational power.

Analysts suggest quantum systems could eventually outperform classical mining rigs, disrupting the current mining landscape.

A theoretical approach known as Grover’s Algorithm could provide quantum miners with a quadratic speedup over classical brute-force searches.

While it has been demonstrated in small-scale experiments, large-scale application remains theoretical due to hardware limitations.

Grover’s Algorithm would need hundreds or thousands of error-corrected logical qubits to effectively crack classical encryption algorithms.

The quantum system developed by Microsoft and Atom Computing marks a step toward this capability.

Current projections estimate that quantum mining rigs with 3,000 logical qubits could outpace traditional mining pools.

However, experts suggest such technology may take 10 to 50 years to fully develop.

Despite this timeline, recent advancements could accelerate progress.

Atom Computing plans to launch a 1,000-qubit quantum computer by 2025, moving closer to practical applications for quantum mining.

According to Atom Computing, these developments could shift the frame of reference for how quickly such systems can be scaled.