The technology company IBM (NYSE: IBM) announced new advancements in its quantum computing research, including progress in processors, software, and error correction.
At the annual Quantum Developer Conference held in New York on Wednesday, the company outlined its plans to achieve quantum advantage by 2026 and a fault-tolerant system by 2029.
Quantum advantage refers to the critical point at which quantum computers can solve problems faster or more efficiently than any classical supercomputer. IBM stated that its new "Nighthawk" processor will play a central role in achieving this milestone, providing 30% more complex circuits than the previous generation while maintaining a low error rate.
The company also introduced "Loon," an experimental processor that brings together the core hardware for fault-tolerant quantum computing, which can detect and correct its own errors in real-time.
IBM reported that its error correction system is now ten times faster than before, achieving this milestone a year ahead of schedule. After moving production to a new 300mm wafer facility in New York, the company also doubled its chip development speed.
While quantum computing is still in its early stages, it has the potential to one day break the encryption technologies that protect Bitcoin and other cryptocurrencies using proof-of-work algorithms, which has become one of the most widely discussed issues in the cryptocurrency space.
Amit Mehra, a partner at Borderless Capital, stated in October that quantum computing is expected to pose significant security risks by the end of this decade, prompting the company to focus on startups dedicated to quantum-resistant technologies.
Others, such as Charles Edwards, founder of the quantitative Bitcoin and crypto asset fund Carpriole, believe the threat is more immediate. "If Bitcoin doesn't solve the quantum problem within the next year, gold will forever surpass it," he wrote on X.
Smart contract researcher Gianluca Di Bella echoed Edwards' concerns. In a November interview with Cointelegraph, he warned that the industry "should migrate to post-quantum encryption now," citing the risk of "now collecting, later decrypting" attacks—meaning data stolen today could be unlocked after quantum computers mature.
Also in November, on-chain analyst Willy Woo suggested that Bitcoin holders could protect themselves from quantum computing threats by transferring their tokens to SegWit-compatible addresses and holding them until quantum-resistant solutions are created.
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Original article: “IBM Claims Major Breakthrough in Quantum Computing with New Chips”
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