Exploring the Evolution and Impact of Quantum Computing: Paradigms, Performance, and Future Applications

The rapid growth of computational technology has given rise to new paradigms that aim to redefine the limits of traditional computing. Of these, quantum computing is a paradigm change that applies to the principles of quantum mechanics, such as superposition and entanglement, to compute at much higher rates than classical computing is capable of. This paper covers the evolution of computing paradigms, focusing on quantum computing. It examines critically the principles, paradigm of programming and performance elements that differentiate quantum computing from mainstream computing. It also investigates scalability challenges and technologies that are advancing quantum computing technology. The work further investigates disruptive applications of quantum computing in key industries like artificial intelligence, cryptography, medicine modeling, and financial modeling. Despite current constraints in terms of hardware limitations and error correction, the potential for quantum computing is vast in redesigning problem-solving approaches across industries. This consideration emphasizes the need for continued research and development to tap into the full potential of quantum computing in solving complex computational problems.