IBM’s New Quantum Roadmap Brings the Bitcoin Threat Closer
IBM has announced the development of the world's first fault-tolerant quantum computer, IBM Quantum Starling, set to launch by 2029. This system will utilize 200 error-corrected qubits to perform 100 million quantum operations. Current quantum computers face high error rates, making fault tolerance essential for executing complex algorithms necessary to breach blockchain security. IBM's approach employs Bivariate Bicycle codes to enhance error correction, potentially reducing the number of physical qubits needed by up to 90%. The system will feature a real-time error correction decoder for immediate error response. Experts suggest that while quantum computers pose a future threat to cryptographic systems, significant advancements are still required before they can effectively compromise cryptocurrencies like Bitcoin. Blockchain developers are encouraged to adopt quantum-resistant encryption as a precaution.
