Lookonchain APP

App Store

Galaxy Research Director Reviews Google Quantum Paper: Practical Engineering Challenges such as Error Correction Remain Unsolved

2 hours ago

On March 31, Alex Thorn—Galaxy’s Research Director—posted on X, stating: “This Google quantum paper is critical because researchers have broken through in circuit optimization. Prior schemes (per Litinski 2023, photonic architecture) needed roughly 9 million physical qubits. This study’s circuit, however, is expected to run Shor’s algorithm with ~500,000 physical qubits under reasonable conditions—and it uses a superconducting architecture aligned with Google’s own processor specs. That’s a ~20x optimization boost for circuit design. The progress comes partly from a more optimal layout and partly from hardware assumptions that better match real-world limits. Still, core engineering hurdles—error correction, decoherence, gate fidelity—haven’t changed. The team developed these circuits but didn’t share specifics. Instead, they proved their existence via “responsible disclosure” using zero-knowledge proofs (ZKP): outsiders can verify their conclusions without seeing the actual designs, balancing innovation and key IP protection. Whether future engineering can hit the needed error correction, control decoherence, and get sufficient gate fidelity remains an open, separate question.”
Relevant content

Glassnode: Institutional Bitcoin accumulation wanes as Spot ETF sees 7-day average net outflows

On March 31st, Glassnode released an analysis showing that the 7-day simple moving average (SMA) of net inflows into U.S. Bitcoin spot ETFs has turned negative since early last week. Recent daily net outflows have ranged between 200 and 500 BTC. While the outflow scale is not large, the persistence of these outflows is a subtle signal that institutional buying interest and demand confidence remain somewhat hesitant at current Bitcoin price levels.

3 minutes ago

Resolv Update on Security Incident: No Internal Staff Implicated, Whitelist User Redemptions 98% Complete

**Resolv Co-Founder Ivan Shares Latest Update on Protocol Security Incident & Recovery (March 31)** On March 31, Resolv co-founder Ivan released the latest update on the protocol’s security incident and recovery process, addressing the following key points: - **Why whitelisted USR users are prioritized for redemption**: Verified wallets let the team complete manual redemptions within 24 hours, minimizing further market disruption. 98% of these redemptions are now finalized. - **How non-whitelisted pre-incident USR holders will be supported**: A 1:1 redemption is committed, with the team wrapping up the technical redemption solution. - **Insider manipulation claims**: The investigation remains ongoing; no evidence of insider involvement has been uncovered to date. - **How post-incident USR holders, LPs, and RLP holders will be addressed**: Next steps include legal, technical, and ecosystem coordination with multiple partners. No single definitive solution exists—only a set o

3 minutes ago

Trump: War with Iran Will Not Last 'Very Long'

U.S. President Trump said on March 31 that a war with Iran would not last "too long." (Xinhua)

3 minutes ago

After two years of dormancy, a certain whale transferred 600 BTC to Binance.

On March 31, blockchain analytics firm LookOnChain reported that a whale linked to address bc1qh4 transferred 600 BTC (valued at $40.41 million) to Binance after two years of inactivity.

3 minutes ago

Iran's Revolutionary Guard: To Strike Middle East Companies Linked to US High-Tech Firms Starting April 1

TEHRAN (FX168) — Iran’s Islamic Revolutionary Guard Corps (IRGC) announced on March 31, per Iranian state media, that it will target American companies operating in the region starting April 1 in retaliation for attacks against Iran. The IRGC also warned 18 U.S. tech firms in its statement, including HP, Apple, Google, Tesla, and Microsoft.

3 minutes ago

Bitfarms Plans to Gradually Sell Off Bitcoin Holdings, Shift to AI

CoinDesk (March 31) — Bitcoin mining firm Bitfarms is accelerating its exit from the crypto sector, confirming it has begun selling a portion of its Bitcoin holdings as it pivots to an artificial intelligence (AI) infrastructure business. The company generated $28.2 million in revenue from Bitcoin sales in 2025, though it did not disclose the exact number of coins sold. Management has stated plans to continue these sales. Per data from BitcoinTreasuries.net, Bitfarms currently holds 1,827 Bitcoins. During Tuesday’s fourth-quarter earnings call, CEO Ben Gagnon noted: “Over time, we will eventually hold no Bitcoin at all.” He added the firm will “opportunistically sell Bitcoin during market strength” and keep operating its miners to “maximize free cash flow before selling the machines.” This signals a gradual exit rather than an immediate liquidation. Bitfarms is also undergoing a structural shift: Shareholders have approved its relocation to the U.S. and rebranding to Keel Infr

3 minutes ago