Arbitrary accuracy iterative quantum phase estimation algorithm using a single ancillary qubit: A two-qubit benchmark

We discuss the implementation of an iterative quantum phase estimation algorithm with a single ancillary qubit. We suggest using this algorithm as a benchmark for multiqubit implementations. Furthermore, we describe in detail the smallest possible realization, using only two qubits, and exemplify with a superconducting circuit. We discuss the robustness of the algorithm in the presence of gate errors, and show that seven bits of precision is obtainable, even with very limited gate accuracies.