IBM expands free quantum computer access, fueling crypto security fears

As IBM expands free access to its quantum computers, concerns are growing that advancements in quantum technology could pose a threat to the cryptocurrency industry, Decrypt reported. IBM recently announced an update to its IBM Quantum Open Plan, a free cloud platform that allows anyone to conduct experiments on its quantum devices. The update increases runtime limits and provides access to more powerful processors. The company has also opened access to its Heron R2 processor, an upgraded quantum system capable of performing a vast number of quantum operations quickly while maintaining a relatively low error rate. Meanwhile, as major corporations like IBM continue to invest in quantum computing, blockchain researchers are increasingly warning about its risks. Bitcoin developers have recently advanced discussions on BIP-360, a proposal to address quantum vulnerabilities, but a substantial review has not yet taken place.