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The quantum computer is supposed to process information by applying unitary transformations to the complex amplitudes defining the state of N qubits. A useful machine needing N=1000 or more, the number of continuous parameters describing the state of a quantum computer at any given moment is much greater than the number of protons in the Universe. However, the theorists believe that the feasibility of large-scale quantum computing has been proven via the threshold theorem. Like for any theorem, the proof is based on a number of assumptions considered as axioms. However, in the physical world none of these assumptions can be fulfilled exactly. Any assumption can be only approached with some limited precision. So, the rather meaningless error-per-qubit-per-gate threshold must be supplemented by a list of the precisions with which all assumptions behind the threshold theorem should hold. Such a list still does not exist. The theory also seems to ignore the undesired free evolution of the quantum computer caused by the energy differences of quantum states entering any given superposition. Another important point is that the hypothetical quantum computer will be a system of at least a thousand of qubits plus an extremely complex and monstrously sophisticated classical apparatus. This huge and strongly nonlinear system will generally exhibit instabilities and chaotic behavior.
We discuss how quantum computation can be applied to financial problems, providing an overview of current approaches and potential prospects. We review quantum optimization algorithms, and expose how quantum annealers can be used to optimize portfoli
Molecular science is governed by the dynamics of electrons, atomic nuclei, and their interaction with electromagnetic fields. A reliable physicochemical understanding of these processes is crucial for the design and synthesis of chemicals and materia
This is a brief review of the experimental and theoretical quantum computing. The hopes for eventually building a useful quantum computer rely entirely on the so-called threshold theorem. In turn, this theorem is based on a number of assumptions, tre
This article aims to review the developments, both theoretical and experimental, that have in the past decade laid the ground for a new approach to solid state quantum computing. Measurement-based quantum computing (MBQC) requires neither direct inte
This article outlines our point of view regarding the applicability, state-of-the-art, and potential of quantum computing for problems in finance. We provide an introduction to quantum computing as well as a survey on problem classes in finance that