{"id":33011,"date":"2024-11-29T14:20:43","date_gmt":"2024-11-29T11:20:43","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=33011"},"modified":"2024-11-29T14:20:43","modified_gmt":"2024-11-29T11:20:43","slug":"quantum-signal-from-microsoft-for-blockchain-mining","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/quantum-signal-from-microsoft-for-blockchain-mining\/","title":{"rendered":"Quantum Signal from Microsoft for Blockchain Mining"},"content":{"rendered":"<p><strong>Microsoft<\/strong> and another tech company, <strong>Atom Computing<\/strong>, are signaling a <strong>quantum<\/strong>-focused future for blockchain mining.<\/p>\n<p><strong>Microsoft<\/strong> and California-based technology firm <strong>Atom Computing<\/strong> recently announced a breakthrough in <strong>quantum<\/strong> computing that could pave the way for a transformation in the proof-of-work (PoW) system used in blockchain mining.<\/p>\n<p>Scientists and engineers from the two companies developed a quantum computing system made up of 24 entangled logical qubits, produced using only 80 physical qubits setting a new record for the highest number of entangled logical qubits achieved with error correction techniques.<\/p>\n<p>The significance of this scientific breakthrough lies in the efficiency the teams achieved. Previous estimates had suggested that thousands of physical qubits working together might be needed to produce a single logical qubit.<\/p>\n<p>Thanks to the entanglement of 24 logical qubits created with just 80 physical qubits, the reference frame for how large these systems can be scaled and when companies like Microsoft and Atom Computing might scale them has shifted significantly.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/quantum-signal-from-microsoft-for-blockchain-mining\/#Atom_Computing_Overview\" title=\"Atom Computing Overview\">Atom Computing Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/quantum-signal-from-microsoft-for-blockchain-mining\/#What_are_Quantum_Computers_and_SHA-256_Encryption\" title=\"What are Quantum Computers and SHA-256 Encryption?\">What are Quantum Computers and SHA-256 Encryption?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/quantum-signal-from-microsoft-for-blockchain-mining\/#What_is_Grovers_Algorithm\" title=\"What is Grover&#8217;s Algorithm?\">What is Grover&#8217;s Algorithm?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/quantum-signal-from-microsoft-for-blockchain-mining\/#Quantum_Speed_Up\" title=\"Quantum Speed Up\">Quantum Speed Up<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Atom_Computing_Overview\"><\/span>Atom Computing Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><iframe loading=\"lazy\" title=\"Atom Computing Overview\" width=\"1020\" height=\"574\" 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><\/p>\n<p>Analysts have long predicted that quantum computers could reach a capacity to provide an advantage or quantum speedup in breaking certain classical data security measures.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_are_Quantum_Computers_and_SHA-256_Encryption\"><\/span>What are Quantum Computers and SHA-256 Encryption?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In certain blockchain networks, such as the <strong>Bitcoin blockchain<\/strong>, miners must solve a puzzle to demonstrate proof-of-work (PoW).<\/p>\n<p>The most advanced blockchain miners, such as the models used by the world\u2019s largest Bitcoin mining facilities, compete to find a hash for a block header. To solve the puzzle, they need to find a hash that matches a target defined by the network&#8217;s difficulty.<\/p>\n<p>What makes this process even more complex is that the difficulty is adjusted every 2,016 blocks to ensure new blocks are added to the blockchain approximately every 10 minutes. As a result, it has become increasingly difficult for classical miners to solve the puzzle.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Grovers_Algorithm\"><\/span>What is Grover&#8217;s Algorithm?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The theoretical data-mining technique known as &#8220;Grover&#8217;s Algorithm&#8221; could mark the end of classical blockchain mining.<\/p>\n<p><iframe loading=\"lazy\" title=\"What is Grover&#039;s Algorithm?\" width=\"1020\" height=\"574\" 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><\/p>\n<p><strong>Grover&#8217;s Algorithm<\/strong> is a method that offers a square-root speedup over classical brute-force searches and has been proven in small-scale experiments. However, its application to large-scale problems, such as SHA-256, remains theoretical because the quantum hardware needed for such a task has not yet been developed.<\/p>\n<p>Specifically, for SHA-256, a quantum computer with hundreds or thousands of error-corrected logical qubits would be required for <strong>Grover&#8217;s Algorithm<\/strong> to function well enough to break classical encryption algorithms.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Quantum_Speed_Up\"><\/span>Quantum Speed Up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Grover&#8217;s algorithm<\/strong> could reduce the complexity of SHA-256 to half of what is required by classical methods, and properties of quantum mechanics such as superposition and interference further enhance the potential for speedup.<\/p>\n<p>With approximately 3,000 logical qubits, systems like those from <strong>Microsoft and Atom Computing<\/strong> could surpass classical mining pools and have the capability to win blocks. However, it remains uncertain when such quantum mining systems will become available; estimates range from 10 to 50 years.<\/p>\n<p><strong>Microsoft and Atom Computing<\/strong>&#8216;s plan to launch a 1,000-qubit quantum computer in 2025 could be an important step forward in this field.<\/p>\n<hr \/>\n<p><em>In the comment section, you can freely share your comments about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram<\/strong>,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Microsoft and another tech company, Atom Computing, are signaling a quantum-focused future for blockchain mining. Microsoft and California-based technology firm Atom Computing recently announced a breakthrough in quantum computing that could pave the way for a transformation in the proof-of-work (PoW) system used in blockchain mining. Scientists and engineers from the two companies developed a<\/p>\n","protected":false},"author":29,"featured_media":33014,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1,2],"tags":[9757,9758,913,9756],"class_list":["post-33011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","category-news","tag-atom-computing","tag-grovers-algorithm","tag-microsoft","tag-quantum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Quantum Signal from Microsoft for Blockchain Mining - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/quantum-signal-from-microsoft-for-blockchain-mining\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quantum Signal from Microsoft for Blockchain Mining - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Microsoft and another tech company, Atom Computing, are signaling a quantum-focused future for blockchain mining. 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