Key concepts in quantum computing include: 1. Qubits: The fundamental unit of quantum information, capable of existing in superposition states. 2. Quantum gates: Operations that manipulate qubits, analogous to classical logic gates. 3. Quantum algorithms: Specialized algorithms designed to run on quantum computers, such as Shor's algorithm for factoring and Grover's algorithm for searching. 4. Quantum error correction: Techniques to mitigate the effects of decoherence and errors in quantum systems. 5. Quantum supremacy: The point at which a quantum computer can perform a task that is infeasible for classical computers. Current quantum computing hardware includes superconducting circuits, trapped ions, photonics, and topological qubits. While large-scale, fault-tolerant quantum computers are still in development, near-term applications of noisy intermediate-scale quantum (NISQ) devices are being explored in fields such as optimization, machine learning, and quantum chemistry simulations.