A quantum computer performs calculations using quantum mechanics and quantum properties like superposition and entanglement. It uses quantum bits (qubits) that can exist in superpositions of states unlike classical computer bits. A quantum computer could solve some problems, like factoring large numbers, much faster than classical computers. The document discusses the history of computing generations and quantum computing, how quantum computers work using qubits, superpositions and entanglement, and potential applications like encryption cracking and simulation.