This is the true key question: what are the most important algorithms that would be accelerated by quantum computing?
Some candidates:
Do you have proper optimization or quantum chemistry algorithms that will make trillions?
Maybe there is some room for doubt because some applications might be way better in some implementations, but we should at least have a good general idea.
However, clear information on this really hard to come by, not sure why.
The most comprehensive list is the amazing curated and commented list of quantum algorithms as of 2020.
There is no fundamental difference between them, a quantum algorithm is a quantum circuit, which can be seen as a super complicated quantum gate.
Perhaps the greats practical difference is that algorithms tend to be defined for an arbitrary number of N qubits, i.e. as a function for that each N produces a specific quantum circuit with N qubits solving the problem. Most named gates on the other hand have fixed small sizes.
Toy/test/tought experiment algorithm.
Sample implementations:
A group of Chinese researchers have just published a paper claiming that they can—although they have not yet done so—break 2048-bit RSA. This is something to take seriously. It might not be correct, but it’s not obviously wrong.
We have long known from Shor’s algorithm that factoring with a quantum computer is easy. But it takes a big quantum computer, on the orders of millions of qbits, to factor anything resembling the key sizes we use today. What the researchers have done is combine classical lattice reduction factoring techniques with a quantum approximate optimization algorithm. This means that they only need a quantum computer with 372 qbits, which is well within what’s possible today. (The IBM Osprey is a 433-qbit quantum computer, for example. Others are on their way as well.)

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