IBM has accelerated the timeline for quantum computers posing a threat to Bitcoin's security with the launch of the world's first fault-tolerant quantum computer, IBM Quantum Starling, expected by 2029. Current quantum computers have high error rates, hindering their ability to crack blockchains without fault tolerance. IBM's solution involves error correction using Bivariate Bicycle codes to reduce physical qubits needed by up to 90%. The new processor aims to simplify complex calculations for understanding molecules and materials, potentially leading to advancements in various fields. While some downplay the immediate threat of quantum computers to Bitcoin, experts emphasize the importance of quantum-resistant encryption for blockchain security. IBM's roadmap extends to 2033, focusing on fault tolerance and scalability in quantum computing. The development of practical quantum computing hinges on fault tolerance, crucial for scaling up to meet future application demands. Read more AI-generated news on: https://app.chaingpt.org/news

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