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China claims fastest quantum computer in the world

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According to the News China is now on the top of the Quantum Computer Race and its chance of the market takeover is very high. I can assume that China will also takeover the Crypto world if they introduce their first Quantum Computer in the market for sale/users/ for commercial use.

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4 hours ago, Khan said:

According to the News China is now on the top of the Quantum Computer Race and its chance of the market takeover is very high. I can assume that China will also takeover the Crypto world if they introduce their first Quantum Computer in the market for sale/users/ for commercial use.

And they have also claimed that their Quantum Computer will be  10B times faster than Google Prototype which was announced some time back. If this thing happens really fast then probably every industry connected to internet and has certainl encryption will be at risk. And Bitcoin also counts on that.

But for commercial use I don't think it will be coming sooner, we have long journey left for seeing Quantum Computer on commercial scale.

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I checked the news, looking impressive so is it your main concern that if China bring that computer for the commercial purposes, it will damages the cryptography codes ? If yes, please be sure, breaking the codes will not be much easier because a cluster of super computers are needed to share a huge computing powers. 

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The quantum computers are some of the greatest technologies during the 21th century and all the eyes monitoring who would be the owners of these developed devices.. these quantum computers can't just affect on this crypto world but it can also affect on many important issues in this developed world! China is aware enough about this crypto world and the Chinese people know well how this crypto world works and they are interested in it and its news so in my opinion , it's a good step by China to put its hands on these developed quantum computer to surprise us with its developed inventions in the near future!

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If China takes the forefront when it comes to quantum computers then it is very possible that it will also take the reins in the cryptocurrency market. We must also take into account that China is in a process of regulation and prohibition of the free use of crypto and this has led to many cryptocurrency companies established in that country making decisions to move. It will all depend on how legal matters regarding cryptocurrencies are handled in China.

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The town is always the first in the world in terms of industry and invention, and it is certain that it possesses the currency and will be the greatest beneficiary because it is available for it to invent anything positive in life that will include encryption into its world.

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23 hours ago, Khan said:

I can assume that China will also takeover the Crypto world if they introduce their first Quantum Computer in the market for sale/users/ for commercial use.

Nope, they're not quite there yet. As described in the article, the machine they built is complex and practical use of it for purposes other than what it was built for will be difficult. The race to build a practical commercial quantum computer is thus still ongoing.

Quote

"... and the Chinese device was built to solve just one type of problem."

"This doesn't mean that China has a fully practical quantum computer yet, according to Xinhua. China's device is specialized, and mostly useful as a tool for doing GBS."

source: https://www.livescience.com/china-quantum-supremacy.html

 

17 hours ago, Whited35 said:

if China bring that computer for the commercial purposes, it will damages the cryptography codes ?

Cryptocurrency codes especially Bitcoin's are built to be tough and can withstand any malicious entry, but that won't stop some evil person/organization from trying anyway. And whether China or some other country come up with the first commercial quantum computer won't matter, once they get their grummy hands on one of these devices they may proceed to start hacking into the code right away.

 

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5 hours ago, kyoukage01 said:

Cryptocurrency codes especially Bitcoin's are built to be tough and can withstand any malicious entry, but that won't stop some evil person/organization from trying anyway. And whether China or some other country come up with the first commercial quantum computer won't matter, once they get their grummy hands on one of these devices they may proceed to start hacking into the code right away.

@kyoukage01 Still a massive computing power is needed to reverse the work done by the algorithm. I do not neglect the possibilities but high speed Quantum computers may still consume at least a few thousands years to get the work done reversed. 

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Yes friend you are right we know China is far ahead in terms of discovery and technology they are claiming themselves by inventing quantum computer and they are saying this quantum computer is much more powerful and will work more than other computers but if it has some effect on crypto market  Quantum computers do not seem to be coming to market very soon, so we have no reason to worry about it.

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Researchers in china claimed to developed a computer called quantum computer which has more advantages over classical computer it has been reported that quantum computer calculates a complex calculation about 200 second that took traditional computer more than 1 billion years to complete the task, that is the power of quantum computer it process information much faster better than traditional computer.

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On 12/8/2020 at 8:45 AM, Khan said:

According to the News China is now on the top of the Quantum Computer Race and its chance of the market takeover is very high. I can assume that China will also takeover the Crypto world if they introduce their first Quantum Computer in the market for sale/users/ for commercial use.

First the 5G technology advancement and now the Quantum computer the China is gonna make top position in crypto if this keep going the big number of crypto miners also belong to China. Their for if they built commercial quantum computers they will take lead in crypto and become biggest giant of Crypto market. 

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19 hours ago, Whited35 said:

I do not neglect the possibilities but high speed Quantum computers may still consume at least a few thousands years to get the work done reversed. 

On another note, remember the time when WW2-era electronic computers were large, bulky, takes up a LOT of space, and had limited computing power? Nowadays, we have portable laptops and mobile devices that are more than a thousand times more powerful than that very old one.

 

An analogy can be made with quantum computers today. The current ones can be compared with the WW2-era computers, but who knows, maybe it would take less than a hundred years or even a few decades before the future human generation have portable quantum computer devices.

 

To tie this comment into the topic, the quantum computer made in China clearly proves that Google has no monopoly on the required technology and funds to making quantum computers. Thus there will be a fierce competition to create a quantum computer. The country who can first employ multiple quantum computers for practical uses will gain dominance in various industries: economic, social, political, and even military applications can be considered. (Let's leave it at that, since political discussions are forbidden in this forum.)

 

So to say that cryptocurrency codes having the possibility to be broken through by a quantum computer within this century can be quite a scary thought. The chance is slim, but as world history has shown us time and again, the widely-recognized impossibility can be overturned. Crypto developers should be wary and prepare themselves to update the coins to prevent such a thing from happening.

 

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1 hour ago, kyoukage01 said:

So to say that cryptocurrency codes having the possibility to be broken through by a quantum computer within this century can be quite a scary thought. The chance is slim, but as world history has shown us time and again, the widely-recognized impossibility can be overturned.

@kyoukage01 At least 10 billions years are needed for the total computing powers of this world to get work done reversed by the algorithm of current Bitcoin blockchain network that's why I am struggling to make the things clear to the folk how actually blockchain architecture is working to ensure the high encryption and security. 

That's why as for Quantum computers, I dropped billion years to thousand years analyzing like it will have a high speed working capabilities. I also believe in revolution, if such computers come into the existence, here is absolutely nothing to get worried for Bitcoin or cryptocurrencies because another advanced technology will come to replace cryptocurrencies or there will be another upgrades for existing cryptocurrencies 😉.

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4 minutes ago, Whited35 said:

I also believe in revolution, if such computers come into the existence, here is absolutely nothing to get worried for Bitcoin or cryptocurrencies because another advanced technology will come to replace cryptocurrencies or there will be another upgrades for existing cryptocurrencies 😉.

This one, I agree to. There should be no way cryptocurrency developers lag behind in developing concepts and upgrading crypto coins to be able to meet up to the demands of future technology. For one thing, scalability issues. Bitcoin itself is notorious for being stuck at such low transaction speeds, and quantum computers can help solve that. Which may have already been discussed by proponents of Bitcoin hard forks.

 

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The presence of these computers and their great spread will help the development of the cryptocurrency industry and its development very quickly.

We will witness a great shift in the coming years, and most people will have a part of these currencies.

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China is most fastest technology developers and if they develop a fastest computer so its good for the crypto currencies to solve the complex processes to solve and in other hand the hackers get the advantage to attack and with these fast processing they hack the network in less time , So for this the developers need to fist adopt these fact computers and implement higher security with these fastest computers .

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27 minutes ago, kyoukage01 said:

This one, I agree to. There should be no way cryptocurrency developers lag behind in developing concepts and upgrading crypto coins to be able to meet up to the demands of future technology. For one thing, scalability issues. Bitcoin itself is notorious for being stuck at such low transaction speeds, and quantum computers can help solve that. Which may have already been discussed by proponents of Bitcoin hard forks.

So you have just made the crucial points here. You can just analyze the trend by locating the current software developers. For example when Nokia phone was here, it supported a few application with limited RAM size at least 250MB. Later,  other good smartphones came into the existence with the high capacity and developers were at the same pace to build the advanced software to meet the ongoing technological trend and demands. The same thing will happen in the Blockchain space too. 

In case of Bitcoin scalability problem, I with your point. Development in Lightning network is still ongoing however many bugs are already reported. Hopefully, I believe there will be other implementation to make everything fit and fine. 

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Yes, their quantum computer is so much advance and this is good in the market if china will develop more advanced. If this cryto will allowed to use this i think the transaction would be less delay and mining of coins will  fastest too. This advanced technology give big help on development of cryptocurrency in the future. 

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Well @Khanthe chinese nationality are always challenging themselves to be the best but I think the quantum computer suprimacy belongs to the Europeans, and I think the quantum computers are not yet available for commercial usage as well

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Yes you are right my friend. And china has a hold on technology. And all over the world china is the fastest and the first country  which growing technology at next level. Many others countries thinking to do a job but at thst time chaina has done.

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i think that is right but there is a lot of information about computerr of china just read my comment to understand bro , This news is very strong, so if it sells it and people start working with it in the mining industry, there will be a sensation in the field of encryption in general. We must try to take advantage of this matter , so i hope i answer about your question brother so good lukc for every buddy .

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11 hours ago, Frodler said:

Well @Khanthe chinese nationality are always challenging themselves to be the best but I think the quantum computer suprimacy belongs to the Europeans, and I think the quantum computers are not yet available for commercial usage as well

Right as they are always thinking ahead in the field of technology and they are trying hard to make their country on Top of the world in Technology and 5G. The War of technology between US and China is still ON. 

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In fact, China has a very advanced technology in term of computers (quantum computers), Chinese companies are competing the most famous and the highly qualified technology leaders around the world. but they are preparing this developement in order to control other countries, I guess

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@setifien your are right my friend China have the best and it's the fastest growing country in terms of technology the quantum computer is going to dominate because of its high speed. This will make China the center in terms of cryptocurrency. This is going boost their economy @Cryptonas

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On 12/8/2020 at 5:45 AM, Khan said:

According to the News China is now on the top of the Quantum Computer Race and its chance of the market takeover is very high. I can assume that China will also takeover the Crypto world if they introduce their first Quantum Computer in the market for sale/users/ for commercial use.

I think China is the first in all industries that have great equipment and capabilities that are really sophisticated and can do anything you can think of

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This Artificial Intelligence believes that if the crisis between Israel and Iran intensifies, the price of the main cryptocurrency will only slightly decrease, and this will be a short-term reaction. More severe impacts would likely be on assets like stocks. Bitcoin, however, is expected to quickly recover its position. ChatGPT, like Michael Saylor, anticipates that an initial drop will be followed by a bullish rally as investors look for a safe haven, potentially driving "digital gold" to a new historical high of $75,000. If the escalation in the Middle East becomes protracted and leads to a series of smaller conflicts, ChatGPT predicts the volatility range for bitcoin could expand: with an initial fall to $55,000 followed by a surge to $80,000.   It is worth noting that the discussed drop in BTC/USD occurred against the backdrop of a noticeable strengthening of the American currency. This was not only due to the dollar's role as a safe-haven asset amid geopolitical tension but also because of a postponement in market expectations regarding the timing of the Fed's easing of monetary policy. After the inflation data published on April 10, market participants decided that the first rate cut would not happen in June but in September, causing the Dollar Index (DXY) to surge sharply. Naturally, the strengthening of one asset in a currency pair led to the weakening of the other: the principle of leverage is irrefutable.   Now, a few words about what awaits the main cryptocurrency after the halving. This year, 75% of the investment influx has been provided by the newly launched spot bitcoin ETFs in the U.S. Their combined balance now totals $12.5 billion, with the U.S. accounting for over 95% of the global inflow into exchange-traded crypto funds. The interest in ETFs has been so strong that BlackRock's fund became the fastest-growing in history.   According to CryptoQuant analysts, the reserves of bitcoin on exchanges will last only a few months at the current rates. Total available exchange reserves have decreased by more than 800,000 BTC and have reached their lowest level in the history of two-year observations. As of April 16, they stand at about 2 million BTC. Assuming a daily influx into spot BTC-ETFs of about $500 million, which at current prices equates to approximately 8,025 coins, it would take just nine months to completely deplete these reserves.   The results of calculations using the Stock-to-Flow (S2F) model, which demonstrates the relationship between an asset's usage and its reserves, show that after the halving, the bitcoin S2F coefficient will reach 112 points. This is nearly twice the S2F for gold (60 points), indicating that by January 2025, bitcoin will become a more scarce commodity than the most popular precious metal.   In such a scenario, another powerful new driver could emerge. Following the U.S., similar investment inflows into cryptocurrency could be provided by spot ETFs in China. According to insider information from Bloomberg, the SEC of Hong Kong could make a positive decision on launching such funds within the next few days. And perhaps the predictions by ARK Invest's CEO, Cathy Wood, and author Robert Kiyosaki, who expect the price of bitcoin to reach $2.3 million per coin by 2030, are not so far from the truth.   As of the evening of Friday, April 19, BTC/USD is trading around $64,150. The total market capitalization of the crypto market stands at $2.32 trillion, down from $2.44 trillion a week ago. The Crypto Fear & Greed Index has dropped from 79 to 66 points, moving from the Extreme Greed zone to the Greed zone.   Finally, a bit of intriguing information for collectors. As it has been revealed, miners have begun active preparations for the "hunt" for the first "epic" satoshi to be mined after the current halving. Whoever mines it might receive a substantial sum, as the estimated value of this "collectible" digital coin could be several tens of millions of dollars. About two years ago, Casey Rodarmor, creator of the Ordinals protocol on the blockchain of the first cryptocurrency, developed a system for classifying the rarity of individual sats. With the launch of "inscriptions," it became possible to number and sell fractions of bitcoin similar to non-fungible tokens (NFTs).   Rodarmor's scale varies from the first "unusual" satoshi in each block to the "mythical" – the very first in the history of the blockchain. One of the highest degrees of rarity is the "epic" sat, mined in the first block after each halving. It is possible that collectors might value such an asset even at $50 million. (Remember that a satoshi is one hundred millionth of a bitcoin (0.00000001), and at the current BTC price, the price of a regular, non-collectible sat is just $0.00064). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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    • Наступило еще одно сокращение награды биткойнов вдвое, четвертое на данный момент, и оно не было похоже ни на одно другое до него, причем институциональные инвестиции впервые сыграли ключевую роль. Уполовинивание биткойнов исторически было связано с одним существенным сходством — последующим скачком цены BTC , который часто происходит через некоторое время после халвинга. Хотя сообществу еще предстоит выяснить, пойдет ли четвертое халвинг по тому же пути, кое-что уже изменилось в халвинге Биткойна в 2024 году. База пользователей криптовалют выросла как минимум на 400% с момента сокращения вдвое в 2020 году Хотя скорость генерации новых биткойнов снизилась со времени первого халвинга, спрос не остался на месте. По данным различных источников , с момента предыдущего сокращения биткойнов вдвое, которое произошло в мае 2020 года , глобальная база пользователей криптовалюты увеличилась как минимум на 400 миллионов пользователей. По оценкам Кембриджского центра альтернативных финансов (CCAF), в 2020 году число владельцев криптовалют во всем мире составило около 100 миллионов пользователей . По оценкам криптобиржи Crypto.com, к концу 2023 года число пользователей криптовалюты в мире выросло до 580 миллионов человек . Глобальные пользователи криптовалюты с января 2023 г. по декабрь 2023 г. Источник. Крипто.com Несмотря на то, что Биткойн является крупнейшей в мире криптовалютой по рыночной капитализации и самой старой, у него, очевидно, меньше пользователей, чем у всей криптоэкосистемы. По данным Technopedia, по состоянию на 2024 год около 2,7% мирового населения будут владеть биткойнами, что составляет около 219 миллионов  человек. Если верить данным, то, согласно расчетам Crypto.com, эта цифра выросла примерно на 208% по сравнению с 71 миллионом пользователей Биткойна четыре года назад. В случае с Биткойном или большинством других криптовалют оценка большинства пользователей не может быть на 100% точной, поскольку анализ транзакций в блокчейне часто неспособен отличить долгосрочных держателей от потерянных BTC, а также других факторов. Ралли биткойнов перед сокращением вдвое в 2024 году еще не наблюдалось Одно из самых больших различий между четвертым сокращением биткойна и тремя предыдущими  заключается в том, что перед сокращением в 2024 году цена продемонстрировала необычайный рост. В предыдущих циклах цена Биткойна регистрировала снижения перед халвингом, а новые исторические максимумы были достигнуты примерно через год после даты сокращения награды ха блок. Например, биткойн не поднялся выше ранее установленного ATH в 20 000 долларов до халвинга в 2020 году. В этом цикле цена Биткойна превысила ATH только через 10 месяцев после сокращения вдвое. На этот раз картина совсем иная. В текущем цикле Биткойн достиг рекордного максимума прямо перед событием халвинга, установив рекорд в 73 600 долларов 13 марта 2024 года. Такого прорыва никогда раньше не наблюдалось, и с этим согласны многие аналитики, в том числе криптоаналитик eToro Саймон Питерс. На этот раз майнеры «лучше подготовлены» к халвингу Невиданное ранее повышение цен на биткойны перед сокращением вдвое потенциально оказало положительное влияние на майеинговую отрасль, поскольку майнеры получили больший контроль над затратами на добычу биткойна. «По сравнению с предыдущим сокращением вдвое, похоже, что майнеры в целом находятся в лучшей форме с точки зрения более низкого уровня долга и потенциально лучшего контроля над своими расходами, такими как электричество», — сказал директор по исследованиям Fidelity Digital Assets Крис Койпер, добавив: «Что также помогает майнерам в этом цикле, так это повышение цен перед  сокращением вдвое — то, чего также не наблюдалось в предыдущих циклах». С момента третьего сокращения вдвое в мае 2020 года потребление энергии при майнинге биткойнов значительно возросло, увеличившись примерно с 50 тераватт-часов (Twh) до 99 Twh 18 апреля 2024 года. Энергопотребление биткойнов. Источник: Дигикономист В то же время объем потребления энергии в сети Биткойн, основанной на возобновляемых источниках энергии, также увеличился: по данным Bitcoin ESG Forecast, на долю возобновляемых источников энергии приходилось 54,5% потребления майнинга BTC по состоянию на январь 2024 года. По данным CCAF, по состоянию на сентябрь 2020 года этот показатель составлял 39%. Первое сокращение биткойнов вдвое с помощью спотовых BTC ETF в США Одна из самых простых особенностей сокращения биткойнов в два раза в 2024  году заключается в том, что это сокращение вдвое станет первым в истории, когда биржевые фонды BTC (ETF) включены в Соединенные Штаты. После многих лет усилий спотовые биткойн-ETF дебютировали в январе 2024 года, открыв доступ к биткойнам для институциональных инвесторов.   По словам аналитика Bloomberg ETF Эрика Балчунаса, спотовые биткойн-ETF добились «ошеломляющего успеха», что, очевидно, отражает всплеск спроса на биткойн.
    • 20.04.2024 Тарифы Kingex 👑   Покупка криптовалюты / Buying cryptocurrency:   BTC/ETH  +1.7% (Мы доплачиваем) USDT  +1.7% (Мы доплачиваем)   ^^SALE^^ от 50k    + 1.9%    Продажа криптовалюты / Selling cryptocurrency:   BTC/ETH  - по запросу USDT   - по запросу   Оператор: @Kingex Сайт: Kingex.io Курс на протяжении дня может меняться! ------------------------ Будьте ОСТОРОЖНЫ, появились фейки! Наш телеграм: @Kingex
    • точно не зна, насчет 1го, но во втором стандартные долбанутые а ля erc20 комиссии   кстати, с наступившим !   можно халвы купить в 5ерочке отпраздновать   и тончик снова припал
    • Представители Федерального бюро расследований предупреждают общественность о распространении программы-вымогателя Akira. Согласно заявлению ФБР , программа-вымогатель Akira Bitcoin ( BTC ) нанесла многомиллионные убытки различным компаниям и организациям в Северной Америке, Европе и Австралии. Вредоносное ПО получает доступ к инфраструктуре предприятия через VPN, получая доступ к программному обеспечению без многофакторной аутентификации. Затем Акира крадет конфиденциальные данные и важную информацию, блокируя доступ к системе. Далее на экране отображается сообщение с требованием выкупа. Хакеры используют биткойн в качестве способа оплаты.   В результате распространения программы-вымогателя неизвестные мошенники завладели более чем $42 млн, затронув более 250 компаний. Первоначально хакеры атаковали компьютерные системы на базе Windows, но позже следователи выявили и Linux-версию Akira. ФБР совместно с Агентством кибербезопасности и безопасности инфраструктуры (CISA), Европейским центром по киберпреступности Европола (EC3) и Национальным центром кибербезопасности Нидерландов (NCSC-NL) выпустило специальное предупреждение. Ранее ФБР опубликовало отчет о мошенничестве с инвестициями в криптовалюту. По данным агентства, в 2023 году этот показатель увеличился на 53% до $3,94 млрд. Как пояснили в ФБР, большая часть афер была связана с обещанием высоких прибылей от инвестиций в цифровые активы и составляет 86% всех потерь от инвестиционного мошенничества. В Соединенных Штатах.
    • Как и другие L2-решения, конкуренты (солана) и сам эфир. У меня возникла мысль, не перелезть ли с матика в оптимизм, арбитрум или еще что. Как раз пока дно. Но че-то лень. А другие более значительные перед халвингом были? Уж какие случились. Я пересказы видел и не потянуло слушать целиком.
    • Здравствуйте, уважаемые пользователи!   Хотим Вас уведомить, что на сайт добавили следующие направления обмена: Solana SOL > USDT TRC20 USDT TRC20 > Solana SOL
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