What is a Quantum Computer?
Classical computers, which include smartphones and laptops, encode information in binary “bits” that can either be 0s or 1s. In a quantum computer, the basic unit of memory is a quantum bit or qubit.
For instance, eight bits is enough for a classical computer to represent any number between 0 and 255. But eight qubits is enough for a quantum computer to represent every number between 0 and 255 at the same time. A few hundred entangled qubits would be enough to represent more numbers than there are atoms in the universe.
In situations where there are a large number of possible combinations, quantum computers can consider them simultaneously. Examples include trying to find the prime factors of a very large number or the best route between two places.
Blockchain to Revolutionize the Financial Industry cioreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cioreview.com Daily Mail and Mail on Sunday newspapers.
The company develops a popular cryptocurrency wallet as well as an exchange, an explorer and more. Overall, the company has raised more than $190 million since its creation. Originally named Blockchain.info, the company started off as a blockchain explorer.
| UPDATED: 20:06, Tue, Jan 19, 2021
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