From Coinpedia · By Steve Muchoki
Story HighlightsGoogle has attained 99.99% accuracy in building “magic states” - an indispensable component of stable and useful quantum computers.
Blockchain systems remain safe for now; Google needs to scale current architecture by 100,000x to break Blockchain ECC.
Quantum Resistant Ledger and Algorand are among the top quantum-resilient blockchains in the ecosystem.
Google has achieved the “magic state cultivation” breakthrough, once again raising curiosity about the leading quantum-ready blockchains and cryptocurrencies in the digital ecosystem.
Google’s quantum milestone and its impact on blockchain
Google has accomplished a 99.99% accuracy in producing magic states, a key ingredient required by a quantum computer for it to produce meaningful results.
According to the Google Quantum AI paper published in Science journal, the company is now able to implement magic state cultivation on its Willow quantum processor, with a 40-fold reduction in errors compared to uncultivated states.
Previously, making magic states for a fault-tolerant quantum computer demanded 95% of its capacity, leaving just 5% for computation. Google’s development utilizes only about half of the 105 physical qubits of the computer, making it more efficient at a lower cost.
Google’s milestone achieved a magic state error of 1 in 10,000. Cryptocurrencies remain safe for now because breaking the Elliptic Curve Cryptography (ECC) that secures wallets and signatures requires the current architecture to be scaled by 100,000x. Additionally, breaking Bitcoin would require at least 1,200-1,450 stable logical qubits against the current 105.
Quantum-proof blockchains
With the development bringing us a little closer to Q-Day, several blockchains have already implemented the Post-Quantum Cryptography (PQC) measures approved by the National Institute of Standards and Technology (NIST).
Quantum Resistant Ledger (QRL)
This is one of the networks built with native quantum resistance from the very beginning, eliminating the need for future hard forks to patch weak points. It uses a hash-based cryptographic method and has been live since 2018. According to the Blockchain Quantum Readiness Index, it is one of the most quantum-safe of all blockchains in the ecosystem.
Algorand (ALGO)
Algorand has the highest market cap ($1.07 billion) on the list because it is a well-established institutional-grade Layer-1 ecosystem. It utilizes lattice-based digital signatures to enforce quantum security.
Abelian (ABEL)
This is a Layer-1 blockchain also designed from the ground up with lattice-based cryptography and customizable levels of privacy.