Saudi Arabia has joined the global Quantum Computing race, with its state-owned company Saudi Aramco installing the country's first Quantum Computer—a 200 Quantum Bit system from the French company Pasqal. Although the system was initially designed for industrial applications such as energy modeling, this move highlights the growing concerns: Quantum Computers may potentially crack Blockchain encryption technologies in the future. Experts point out that current systems are still far from threatening the security of Bitcoin, and researchers estimate that breaking modern encryption technologies would require millions of error-correcting Quantum Bits.
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Saudi Arabia has joined the global Quantum Computing race, with its state-owned company Saudi Aramco installing the country's first Quantum Computer—a 200 Quantum Bit system from the French company Pasqal. Although the system was initially designed for industrial applications such as energy modeling, this move highlights the growing concerns: Quantum Computers may potentially crack Blockchain encryption technologies in the future. Experts point out that current systems are still far from threatening the security of Bitcoin, and researchers estimate that breaking modern encryption technologies would require millions of error-correcting Quantum Bits.