US Department of Energy Launches $215 Million Quantum Computing Competition

The US Department of Energy has introduced the Quantum Genesis Q Competition, offering up to $215 million to accelerate the development of fault-tolerant quantum computers. The program aims to achieve at least 100 logical qubits by 2028. While current quantum technology remains far from the scale required to compromise Bitcoin's elliptic-curve cryptography, the advancement of error-corrected quantum systems presents a long-term security consideration for the network.