Hello, Bitcointalk. It's been a long time.
I havn't posted an announcement here since ~2013/2014
I created something new, something groundbreaking.
There have been quite a few quantum resistant blockchains. These are great if you only want to make traditionally mined blockchains resistant to quantum computers.
What I've created uses quantum computing as its proof of work mechanism. Making it not just quantum resistant but quantum dependent.
At its heart it uses Qiskit. Qiskit is a library by IBM that allows anyone to simulate a quantum computer or interface with a real IBM quantum computer.
To mine a block a miner must do 48 quantum puzzles that are only able to be done on a simulator or a real quantum computer. Each puzzle requires the puzzle before it to be complete before it can be started. This removes any possibility of doing the work in parallel. All 48 quantum puzzles must be done in sequence.
Difficulty adjustments and block rewards mimic bitcoin. 50Q is rewarded to every winner of a block.
Q is minable on CPU, GPU and real quantum computers, it is also asic resistant due to its quantum simulation requirement.
As we have seen with many other POW blockchains, if this becomes popular there will be an arms race for block rewards. This will lead to inovations around quantum computer simulation and push the boundaries forward on real quantum hardware.
Imagine if IBM is renting out all of their Quantum computers they will need to build more and will have a reason to accelerate innovation due to demand of their hardware.
I have a local testnet running. Once I'm confident I have all major bugs worked out I will release this for a public testnet.
Join the Telegram channel to stay up to date.
Telegram:
https://t.me/+jcsUF0fU0vJlNDUxWhitepaper:
https://drive.google.com/file/d/1I2egVOkfSqBtjRmFANZEHMWxB8Melhq-/view?usp=drive_link
