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Bitcoin Threatened by Saudi Quantum Leap

Saudi Arabia Installs First Quantum Computer Amid Bitcoin Security Concerns

  • Saudi Aramco has installed the Kingdom’s first quantum computer, a 200-qubit system built by France-based Pasqal.
  • The installation marks Saudi Arabia’s entry into the global quantum computing race alongside countries like the U.S., China, and Japan.
  • Experts state that while current machines cannot yet break Bitcoin‘s cryptography, progress in quantum computing is accelerating.
  • A serious threat to modern cryptography would require thousands of error-corrected logical qubits, translating to millions of physical qubits.

Saudi Aramco’s deployment of a powerful quantum computer highlights growing investments in this technology as nations compete in the global quantum race. Although experts believe current systems are far from threatening blockchain security, advancements continue to be closely monitored due to potential future risks.

The installation of this system underscores Saudi Arabia’s commitment to advancing its technological capabilities while raising awareness about long-term risks associated with quantum computing breakthroughs. (Source)

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