The potential for exponential speedup in certain computations with qubits comes from their ability to exist in a superposition of states and their ability to be entangled with other qubits.
In classical computing, the number of possible states that N bits can represent is 2ᴺ. For example, with 3 classical bits, you can represent 2³ = 8 possible states:
000, 001, 010, 011, 100, 101, 110, 111.
In contrast, with N qubits in superposition, you can represent a combination of 2ᴺ states simultaneously. This exponentially increases the computational power of quantum computers. For example, if you have 3 qubits in superposition, you can represent a superposition of all 8 classical states, but with associated probability amplitudes for each state.
This means a quantum algorithm can perform computations on all 8 states simultaneously. Therefore, for certain types of problems, quantum algorithms can provide exponential speedup compared to classical algorithms. This speedup is particularly noticeable in quantum algorithms like Shor's algorithm for factoring large numbers, which has the potential to break widely used cryptographic schemes, or Grover's algorithm for database search, which can provide a quadratic speedup over classical search algorithms.
Shor's Algorithm
A quantum computing game-changer
Grover's algorithm
An introduction
However, it's important to note that not all problems can experience this kind of exponential speedup in quantum computing, and it depends on the specific nature of the problem and the availability of efficient quantum algorithms for that problem.