D-Wave’s Advantage2 quantum computer is participating in Quip, an experimental cryptocurrency network. The machine competes against classical computers to solve complex optimization problems for proof-of-work.
The quantum processor won 92% of the blocks in direct competition. Preliminary data indicates the Advantage2 consumes 12.5 watts to secure a block. Conventional computers require 100 watts for the same task.
CEO Alan Baratz stated the results demonstrate quantum computing's potential for sustainable blockchain applications. This trial suggests a path toward reducing the energy intensity of distributed ledger technologies.