IBM announced advancements in quantum computing research at its Quantum Developer Conference, aiming for quantum advantage by 2026 and fault-tolerant systems by 2029. The company introduced the “Nighthawk” processor, 30% more complex than previous generations, and the “Loon” experimental processor for error correction. IBM also improved its error-correction system speed and chip development pace.

Quantum computing’s potential to break encryption securing Bitcoin and other cryptocurrencies has raised concerns in the crypto space. Experts predict significant security risks from quantum computing by the end of the decade. Researchers advise migrating to post-quantum encryption to prevent future “harvest now, decrypt later” attacks. Analysts recommend transferring Bitcoin to SegWit-compatible addresses for protection until a quantum-resistant solution is developed.

Read more at Cointelegraph: IBM Unveils Nighthawk and Loon Chips as Quantum Threat debate Grows