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IBM, the global technology innovator, has announced its plans in the quantum computing space, unveiling its 1,121-qubit “Condor” quantum computing processor. This makes it the company’s largest by qubit count and, arguably, the world’s most advanced gate-based, superconducting quantum system. IBM has further revealed its plans, stating that it is on track to execute 100 million gates over 200 qubits in 2029 before a 10x improvement by 2033. However, there is one key concern for the crypto community, as the technology can break into the Bitcoin blockchain, undermining its sovereignty.
