Google, Bitcoin and quantum attack
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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.
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With around 26,000 qubits, the encryption could be broken in a day, the researchers report in a paper submitted March 30 to arXiv.org. Another prevalent form of encryption, RSA–2048, would require 100,000 qubits and 10 days to break, according to the researchers, from Caltech and quantum computing company Oratomic in Pasadena, Calif.
Building a utility-scale quantum computer that can crack one of the most vital cryptosystems—elliptic curves—doesn’t require nearly the resources anticipated just a year or two ago, two independently written whitepapers have concluded.
A method reduces the number of qubits needed for quantum computers, making practical machines possible sooner and affecting computing.
Traditional encryption methods have long been vulnerable to quantum computers, but two new analyses suggest a capable enough machine may be built much sooner than previously thought
The research shows quantum computers may break bitcoin and ether wallet encryption with far fewer qubits than previously thought, accelerating the push toward post-quantum security.
By Anne Kauranen HELSINKI, March 30 (Reuters) - IQM Quantum Computers has secured 50 million euros ($57.64 million) in venture financing from funds and accounts managed by BlackRock to accelerate its global growth,