USA News Group News Commentary – The advent of quantum computing comes with much excitement, and horror. Quantum computers are poised to solve complex problems in mere minutes, tasks that would take today’s most powerful supercomputers approximately 10 septillion years to complete. And while that type of computing power opens up a near-infinite amount of possibilities in things like healthcare, logistics, and even solving mysteries regarding the multiverse theory, it also could be quite catastrophic in the wrong hands. For example, as of December 17, 2024, all the Bitcoin (BTC) in the world is valued at $2.12 trillion dollars, but experts are calling for Bitcoin to take over 300 days of downtime to adequately defend itself from the ‚imminent‘ threat of quantum computing cyber criminals through post-quantum cryptography migration. Now several innovators are preparing quantum solutions for cyber security, government agencies, and more with recent developments from Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), Quantum Computing Inc. (QCi) (NASDAQ: QUBT), Rigetti Computing, Inc. (NASDAQ: RGTI, RGTIW), ZenaTech, Inc. (NASDAQ: ZENA), and International Business Machines Corporation (NYSE: IBM).
The article continued: Experts are beginning to tout that Google’s new Willow Chip accelerates the time to market for quantum computing. Israel also recently unveiled its first domestically produced quantum computer less than two weeks later. Recently the Defiance Quantum Computing ETF (QTUM) surpassed $400 million, with a year-to-date performance of 40%+, signaling that the market is waking up to the potential quantum market to come.
