insider brief
- BTQ Technologies Corp. has published a study focused on the “benefits of quantum energy” in blockchain.
- This research focuses on quantum computing’s ability to significantly reduce energy consumption, beyond its well-known speed capabilities.
- Quantum Proof of Work (QPoW) algorithm that utilizes quantum computing in blockchain technology. We provide a practical solution that significantly reduces the energy demand of cryptocurrencies.
Press Release — BTQ Technologies Corp. (the “Company” or “BTQ”), a global quantum technology company focused on securing mission-critical networks (NEO CA: BTQ) (OTCQX: BTQQF) (FSE: NG3 ) is pleased to know that: We present groundbreaking research results that redefine the energy efficiency paradigm in quantum computing. This important advance, described in an insightful blog post, introduces the concept of a “quantum energy advantage” and shifts the narrative from quantum computing’s speed capabilities to its potential to reduce energy consumption.
Historically, quantum computing has been noted for its ability to solve problems at speeds unattainable by classical computing methods, a phenomenon often referred to as “quantum supremacy.” But BTQ’s latest research suggests that the real value of quantum computing lies in its superior energy efficiency. This discovery is extremely important in an era when the energy demands of computational processes are rapidly increasing.
This research takes a closer look at the fundamental differences between classical computing, which uses bits to process information, and quantum computing, which operates on qubits. Qubits have the unique ability to exist in multiple states simultaneously due to the principle of quantum superposition. This property allows quantum computers to tackle certain computational problems with exponentially lower energy consumption than classical computers, especially in areas where traditional computational methods are difficult due to their complexity.
One of the most attractive aspects of BTQ’s research is its application in the field of blockchain technology, particularly regarding the energy-intensive proof-of-work (PoW) mechanisms utilized in cryptocurrencies like Bitcoin. BTQ researchers have developed a quantum proof-of-work (QPoW) algorithm that significantly reduces the energy consumption required for blockchain transactions by implementing boson sampling, a quantum computing technique. This innovation not only exemplifies a practical use case for quantum computing, but also addresses critical environmental issues related to blockchain technology.
“Our discovery marks a pivotal moment in the exploration of quantum computing and highlights its potential to revolutionize both computational speed and energy efficiency,” said Olivier Roussy, CEO of BTQ. Newton said. “The application of quantum computing to reduce the environmental impact of digital networks demonstrates our commitment to leveraging cutting-edge technologies to solve real-world problems. , we are on the brink of a new era of computing where quantum technology not only improves performance but also promotes sustainability.”
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