In brief
- Postquant Labs launched Quip Network, a blockchain testnet that allows mining with quantum computers or traditional hardware.
- The system replaces Bitcoin-style hashing with optimization problems based on the Ising model.
- The company says the network could also track quantum progress toward breaking Bitcoin’s cryptography.
A startup working with quantum computing company D-Wave says it has built a new kind of crypto mining testnet that replaces Bitcoin-style hashing with optimization problems that quantum systems may solve more efficiently.
On Thursday, Postquant Labs launched what it described as the first publicly available quantum-classical blockchain testnet. The network, called Quip Network, lets participants mine…
