09:54 AM EST, 12/31/2024 (MT Newswires) -- MicroAlgo ( VENAF ) said Tuesday it has developed a quantum algorithm for a full adder operation using CPU registers in quantum gate computers.

The technology improves quantum computers' computation speeds and accuracy when handling complex arithmetic tasks, MicroAlgo ( VENAF ) said. The development has potential applications in data processing, encryption and decryption, and optimization, the company added.

MicroAlgo ( VENAF ) shares jumped more than 55% in early trading.

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