Over six million bitcoin:native sit in addresses that have already published their public key.
A quantum computer can target a known public key to derive its corresponding private key.
Quantus has no pre-quantum keys.
The post-quantum debate has become “my lattice is better than your hash.”
“We don’t have proofs of security for any of this stuff.”
@YuviLightman with @ilblackdragon on how AI could help harden cryptography, and why that work needs to happen in public.
IBM JUST TOLD WALL STREET IT’S READY TO SCALE QUANTUM.
HERE’S EVERYTHING THEY SAID
$IBM reported earnings today, and Arvind Krishna spent part of the call on quantum. The biggest line was workloads that cost about $100 to run on IBM “could cost up to $10 million on slower competitive modalities.”
IBM signed 16 enterprise quantum engagements this year, including AT&T and General Motors, across automotive, aerospace, telecom, finance and manufacturing.
Its newest processor, Nighthawk R2, runs 7,500 gates, executes 100,000 circuits per second, and is up to 19x faster than the last generation.
IBM connected its first modular cryogenic systems, the step toward linking machines into one big computer, and is building a 300,000-square-foot quantum manufacturing facility in Poughkeepsie.
It’s in the final stage of DARPA’s quantum benchmarking program, and it closed a $1 billion Commerce Department award to manufacture quantum chips.
The full update comes at IBM’s Quantum Day on December 10.
Three months ago Krishna said quantum would hit IBM’s income statement by 2028. Tonight he named customers.
$IBM $INFQ $IONQ $QNT
IBM’S CEO SAYS QUANTUM WILL BE WORTH A TRILLION DOLLARS BY THE END OF THE 2030S
Arvind Krishna isn’t hedging anymore.
On CNBC this summer he said quantum will have “a measurable impact on our top line and bottom line” by 2028 or 2029. Then he went further, “By the end of the
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