Qubit
In quantum computing, a qubit () or quantum bit (sometimes qbit) is the basic unit of quantum information—the quantum version of the classical binary bit physically realized with a two-state device. A qubit is a two-state (or two-level) quantum-mechanical system, one of the simplest quantum systems displaying the peculiarity of quantum mechanics. Examples include: the spin of the electron in which the two levels can be taken as spin up and spin down; or the polarization of a single photon in which the two states can be taken to be the vertical polarization and the horizontal polarization. In a classical system, a bit would have to be in one state or the other. However, quantum mechanics allows the qubit to be in a coherent superposition of both states/levels simultaneously, a property which is fundamental to quantum mechanics and quantum computing.
Quantum computing
In September 2012, Australian researchers at the University of New South Wales said the world's first quantum computer was just 5 to 10 years away, after announcing a global breakthrough enabling the manufacture of its memory building blocks. A research team led by Australian engineers created the first working qubit based on a single atom in silicon, invoking the same technological platform that forms the building blocks of modern-day computers.