Quantum Simulations Predict that Merchant Crypto Adoption Could Spread in 'Cliques'
Quantum computer simulations conducted by researchers at quantum computing startup Multiverse Computing and the Bank of Canada have shown that crypto adoption among merchants can spread in “cliques of firms”, as individual firms generally base decisions on what their partners do.
The simulations, said by the researchers to be the first time a central bank from a G7 country uses quantum computing in crypto-related research, showed that such cliques of crypto-embracing merchants would not be all good for adoption.
They could also exclude other players from fully utilizing crypto, the researchers behind the study told Cryptonews.com.
The researchers further said that it is important to stimulate the use of crypto to increase the efficiency of the market. This would, in turn, help ensure that everyone who wants to use crypto as a payment can, they said.
The simulations were conducted as a proof of concept project in partnership with Canada’s central bank, using a so-called D-Wave Systems quantum annealer. The simulation was able to study financial networks as large as 8-10 players, with up to 2^90 possible network configurations, according to an announcement from the company. It added that solving this with classical computing would have been practically impossible.
In terms of the results of the simulations, the researchers said that the cost of crypto adoption will be “a lot higher” for individuals actors if their partners are reluctant to adopt crypto.
On the other hand, a single player could drive another to adopt crypto, the researchers said, concluding that actions by an individual player are “highly influenced by its environment.”
Looking forward to the future, the researchers opined that more work is needed to extend the
Read more on cryptonews.com
