Implications of Quantum Computing, Security, Cryptocurrency, Markets and Trading
The recent advancements in supercomputing will bring about the next labor reconfiguration in tech. Chinas Zuchongzhi 3.0 is a 105 qubit superconducting quantum processor will have major implications. Zuchongzhi 3.0 operates at a speed 10¹⁵ times faster than the most advanced super conductor, easily outperforming Googles’ Sycamore. These industry changing developments came out of the University of Science and Technology of China, in collaboration with the Shanghai Research Center for Quantum Sciences, Henan Key Laboratory of Quantum Information and Cryptography, China National Institute of Metrology, Jinan Institute of Quantum Technology, School of Microelectronics at Xinan University and the Institute of Theoretical Physics.
Zuchongzhi 3.0 has a two-dimensional grid architecture and the qubits are coupled “via a dense network if 182 turntable couplers, enabling flexible two-qubit interactions across the chip” which uses a flip chip integration technique, where chips and bonded face to face. This method achieves high density interconnects, while not sacrificing signal loss. Its composition, sapphire substrait with a circuit of titanium-aluminum help to reduce electromagnet noise.
Zuchongzhi has made extraordinary advancements, specifically in regard to Random Circuit Sampling(RSC).Random Circuit Sampling is a proof-of-concept task.
The researches demonstrated that Zuchongzhi 3.0, a 105 qubit supercomputing quantum processor, completed a complex computational task in mere seconds, according to the study. By comparison, the same task on the world’s most powerful super computer, Frontier, would take an estimated 6.4 billion years
The Chinese supercomputer as industry altering implications across security, cryptocurrency, markets and trading. With complex computations now completed in a fraction of the time, it will no doubt be the nail in the coffin for industries that were already on the precipice.
Quantum computing does pose a security risk and has been able to break encryption. In October 2024 scientists from Shanghai University discovered new vulnerabilities in RSA encryption when they were able to surpass security measures with the D Wave Advantage quantum computer. Supercomputers like Canadas’ D Wave Advantage and Chinas’ Zuchongzhi 3.0 are advanced enough to surpass the most robust and stringent encryption methods, posing a serious concern for the future of cybersecurity.
A post Quantum society will heavily impact industries such as cybersecurity as previously mentioned, but also Cryptocurrency and will be a detriment to the mining process- making complicated computations, solved in a matter of seconds.
The national security apparatus, including the Five Eyes depend heavily on the tech industry- not just for the collection of META data for surveillance, but also for the deployment of weapons and troops. A recently example of tech as a tool of imperialism is israels AI machine, Lavender. This program is used to indiscriminately target Palestinian civilians and carry out deadly drone strikes.
Supercomputors like Zuchongzhi 3.0 have the power to debase Silicon Valley from their dominant position on the global stage of finance, render billion dollar industries obsolete, and have ripple effects from AI, to trade, to defense. As previously mentioned, the mining community will no doubt be compelled to reevaluate the utility and purpose of Bitcoin and if there is room for it in Zuchongzhi 3.0s world. The computational power required to complete blocks has now been greatly reduced- and will have a negative effect on markets.
The lab where Zuchongzhi 3.0 was developed, National Laboratory for Quantum Information Sciences in Heifei, was just one institution that received part of the Chinese Governments 10 billion dollar Research and Development Funding.
Sources:
https://en.ustc.edu.cn/info/1007/5015.htm
https://www.pcmag.com/news/chinese-researchers-reportedly-crack-encryption-with-quantum-computer
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