#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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IBM releases roadmap: Large-scale fault-tolerant Quantum Computer to be launched before 2029.
On June 15, CoinWorld reported that the International Business Machines Corporation (IBM) announced this week that it plans to launch a practical large-scale fault-tolerant Quantum Computer by 2029, and detailed the roadmap the company has established to achieve this goal. IBM stated that it plans to have a larger-scale quantum computing system by 2029. The company will build a quantum computer named "Starling" at its data center in Poughkeepsie, New York, and it will have approximately 200 logical Quantum Bits. The computing power is expected to reach 20,000 times that of existing quantum computers, enabling users to explore complex Quantum States far beyond the limitations of current devices. Quantum Bits are the basic units of Quantum Computing, and 200 Quantum Bits are sufficient to begin demonstrating advantages over classical computers. Jay Gambetta, Vice President of Quantum Business at IBM, claimed that IBM's confidence in its 2029 roadmap stems from two recent advancements: one is further progress in a new method for reducing errors known as qLDPC error correction codes, and the second is the real-time identification and correction of errors using classical computing techniques. Gartner analyst Chirag Dekate commented that it is still unclear how IBM's breakthrough will "translate into tangible business value," and the transformative potential of fault-tolerant Quantum Computers remains a matter of speculation. IBM's plans also do not detail the commercial availability of its new Quantum Computer or the specific release date of its error correction system. Related Reading: Quantum Key Crisis: Bitcoin Faces $42 Billion "Great Liquidation" Countdown