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Postquant Labs launches QVM with Ethereum-style gas pricing for quantum computing

By Hannah Collymore

Postquant Labs has launched a single programming layer that runs across competing quantum and classical hardware, which it calls the Quip Virtual Machine (QVM). It charges for computation with a gas model that is borrowed from Ethereum. The company stated that QVM is now live on its Aglais testnet at…

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Quantum computing

Computing that uses the principles of quantum physics to solve certain problems far faster than ordinary computers.

It could transform areas like chemistry and cryptography, though practical machines are still developing.

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