Quantum Blockchain Technologies PLC (AIM:QBT)' CEO Francesco Gardin talks to Proactive London after filing a patent application for a new qubit based algorithm for Bitcoin mining.
The technology is expected to increase the hashing speed compared to other ASIC miners announced by competitors.
He expects to see a higher performance than originally estimated; this is mainly due to the optimisations which will be included in the second patent application, based on the work of their cryptography expert and the coding techniques implemented by our FPGA/ASIC Design Team.