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Quantum computing gets hardware boost with D-Waves spin glass breakthrough – TechRepublic

One of the challenges in quantum computing is overcoming 3D spin-glass optimization limitations, which can slow down quantum simulation meant to solve real-world optimization problems. An experimental solution is D-Waves Advantage quantum computer, running spin-glass dynamics (essentially a sequence of magnets) on 5,000 qubits.

According to a study by scientists from D-Wave and Boston University, published in the journal Nature, the team has validated that quantum annealing a mathematical process used to find low-energy states by using quantum fluctuations can improve solution quality faster than classical algorithms, at least theoretically. It may be a key step forward in showing the ways in which a quantum processor can compute coherent quantum dynamics in large-scale optimization problems.

D-Wave customers who subscribe to the Leap quantum cloud service can access the new commercial-grade, annealing-based quantum computer as of April 19.

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The main takeaway for enterprises is that spin-glass computing on a quantum annealing device may eventually be able to efficiently solve optimization problems, achieving a goal with as little energy as possible. For example, it could be a relatively efficient way to answer questions such as Should I ship this package on this truck or the next one? or the traveling salesman problem (What is the most efficient route a traveling salesperson should take to visit different cities?), as D-Wave wrote.

D-Wave is one of the only companies that offers enterprise quantum computing space with both gate and annealing programs, which now includes its 5,000 qubit, commercial-grade Advantage quantum computer. There is still some question as to how practical this technology is, but the new paper is proof that further commercial quantum computing optimization can be performed on D-Waves hardware.

SEE: Should IT teams factor quantum computing into their decisions?

Getting deeper into the physics, spin glasses are often used as test beds for paradigmatic computing, the researchers said, but using this approach in a programmable system and therefore one that can be used to do practical calculations still leads to potential problems. D-Wave has solved this on its hardware by using quantum-critical spin-glass dynamics on thousands of qubits with a superconducting quantum annealer.

The same hardware that has already provided useful experimental proving ground for quantum critical dynamics can be also employed to seek low-energy states that assist in finding solutions to optimization problems, said Wojciech Zurek, theoretical physicist at Los Alamos National Laboratory and leading authority on quantum theory, in D-Waves press release.

Applications that solve optimization problems like the packaging shipping question above require a minimum energy state from the quantum annealing processors they run on. Other calculations that could be used for decision-making, such as probabilistic sampling problems, need good low-energy samples in order to run.

D-Wave says spin glasses can be brought into low-energy states faster by annealing quantum fluctuations than by conventional thermal annealing.

This paper gives evidence that the quantum dynamics of a dedicated hardware platform are faster than for known classical algorithms to find the preferred, lowest energy state of a spin glass, and so promises to continue to fuel the further development of quantum annealers for dealing with practical problems, said Gabriel Aeppli, professor of physics at ETH Zrich and EPF Lausanne, and head of the Photon Science Division of the Paul Scherrer Institut.

Another problem researchers in the quantum computing world are trying to solve is qubit coherence. In a simplified sense, coherence means that a quantum state maintains certain physical qualities while in use. Research shows that coherent quantum annealing can improve solution quality faster than classical algorithms.

Hand-in-hand development of the gate and annealing programs will bring us to longer coherence times and better qubit parameters, allowing our advantage over classical optimization to grow, Andrew King, director of performance research for D-Wave, wrote in a blog post.

Quantum annealing can be used for a wide range of practical optimization applications, Murray Thom, vice president of quantum business innovation at D-Wave, told TechRepublic. For example, it is already being used today to optimize supply chains, employee scheduling, e-commerce delivery, missile defense, protein folding, fraud detection, and industrial manufacturing, just to name a few.

While the newly published research was conducted on the currently commercially available Advantage quantum computer, D-Wave is also working on its next iteration. The Advantage2 system is in the experimental prototype stage and will be D-Waves sixth-generation quantum computing hardware. D-Wave anticipates the full Advantage2 system will launch with 7,000 qubits and does not have a projected release date for the alpha version.

Moving forward, we expect to see annealing quantum computers increase their business impact as technological enhancements in qubit coherence yield higher quality solutions and enable higher connectivity architectures, Thom said.

He expects over the next five years to see more development of gate model systems, an alternative to quantum annealing which has seen some interest from the pharmaceutical industry.

Scalable, error-corrected gate-model machines will begin to emerge and begin to show early business value, he said.

D-Wave competes with other quantum computing systems and software providers such as Rigetti Computing, Google, IBM, Honeywell, and IonQ.

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Quantum computing gets hardware boost with D-Waves spin glass breakthrough - TechRepublic

Joe Rogan and Michio Kaku Compare Reality to The Matrix as the Duo Address the Wonders of Quantum Computing – EssentiallySports

UFC commentator, Joe Roganhas achieved great success as a podcaster. The biggest reason behind the success of The Joe Rogan Experience is how it entertains people of different interests. Even though Rogan has been an MMA analyst for over two decades, he never made his podcast all about MMA. The 55-year-old invites guests from all walks of life to his show, and that can vary from comedians to scientists. Other than MMA, Rogan has always shown a keen interest in science and technology. He loves to dig deeper into the unknown secrets of the world. Moreover, he is fascinated by the growth of technology over time.

In JRE, the former Fear Factor host has often expressed his concern over the uncontrollable growth of technology. Rogan fears a world where science and technology overpower human efficiency. In a recent episode of JRE, the UFC commentator talked to Dr Michio Kaku. Kaku is a professor of theoretical physics. The two discussed a lot about the tremendous growth of technology over the years.

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In the #1980 episode of JRE, Rogan and Dr Michio Kaku connected the realities of the world to the movie The Matrix. Kaku had written a book called Quantum Supremacy: How the Quantum Computer Revolution Will Change Everything.His vast knowledge of quantum computers made the UFC commentator eager to learn more.

During the conversation, Rogan asked, But if we are talking about technology as we currently understand it today, in comparison to technology as they had available to them a thousand years ago. What we do now, thats insane? And you are talking about quantum computing, which is almost available today and you look at thousand years from now. Couldnt you potentially imagine there could be a world where there is technology sufficient to do what we are talking about? To create a version of reality?

Kaku was able to give a clear answer to Rogans query. He said, Well, if you saw the movie we are all in parts and we are all connected to computers, then stimulus, The Matrix. As long as you are stimulating a piece of the matrix, not the whole thing, but as you walk from place to place, the computer reassembles and replicates that place. That may be possible, but not the whole earth.

Rogans questions to Kaku proved the amount of interest he has in science and technology.

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In the very same episode of JRE, Rogan asked Kaku about the quantum computers that have the ability to break any code. Rogan was concerned about the world without secrets. However, Kaku didnt seem worried like Rogan. The professor told him that the secret codes of some nations had been broken in the past as well.

READ MORE: It Was Like an Assassination: Joe Rogan Recalls Mike Tyson at His Destructive Best in His Most Violent Fight

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He went on to explain about World War II, where the secret codes of the Germans were broken using quantum computers. This helped to know the places where Germany was planning to attack beforehand. Back then, it was technology that helped save millions of lives.

Watch This Story:How Did Joe Rogan Become Famous?

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Joe Rogan and Michio Kaku Compare Reality to The Matrix as the Duo Address the Wonders of Quantum Computing - EssentiallySports

We asked ChatGPT what will be Bitcoin price end of 2023; Here’s what it said – Finbold – Finance in Bold

Generative artificial intelligence (AI) sensation ChatGPT has garnered recognition for its versatile capabilities in accurately tackling various tasks. Among many other things, this powerful tool also has the potential to be utilized in the field of trading by providing insights into potential price movements for diverse assets within the market.

Having said that, Finbold asked ChatGPT to share its predictions for Bitcoins (BTC) potential price by the end of 2023, based on metrics such as technical analysis (TA), historical price action, and other popular metrics.

While the chatbot stressed that predicting BTCs future price is inherently uncertain due to it being influenced by a number of factors, it also outlined why the leading cryptocurrency could appreciate in value in the coming years.

Notably, OpenAIs chatbot tool listed increased adoption, institutional involvement, halving events, and market sentiment and speculation as key drivers that could propel BTC by the end of 2023.

As Bitcoin continues to gain acceptance and adoption among individuals, institutions, and even governments, it may result in increased demand and potentially drive the price higher.

Meanwhile, CoinPriceForecast, a widely-used price prediction tool, was quite bullish on Bitcoins price in the coming years. The forecast website predicts BTC to hit $35,085 by the end of 2023, implying a potential upside of more than 30%. Notably, this is over $2,000 more than the price prediction retrieved back in February.

For 2024 and 2025 year-end, the tool estimates Bitcoin to reach $40,290 and $44,766, respectively.

At press time on Friday, May 19, Bitcoin was trading at $26,845, down 1.95% on the day. Over the past week, the worlds biggest crypto coin advanced around 1.88%. Still, BTCs gains since the start of 2023 remain significantly high, up more than 61%.

Earlier this week, crypto analyst Michal van de Poppe pointed out a certain must-hold support zone that Bitcoin to prevent a notable price crash.

Specifically, the expert said that BTC has to remain in the range between $26,800 and $27,000, as failure to do so could push the cryptocurrency below $26,000 for a potential bullish divergence.

Disclaimer:The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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We asked ChatGPT what will be Bitcoin price end of 2023; Here's what it said - Finbold - Finance in Bold

Pakistani finance minister says crypto will never be legal because of FATF – Cointelegraph

Pakistan will ban cryptocurrency services operating in the country and never legalize crypto trading, Minister of State for Finance and Revenue Aisha Ghaus Pasha said at a session of the Senate Standing Committee on Finance and Revenue on May 16, according to multiple local media reports. Other officials, including State Bank of Pakistan (SBP) Director Sohail Jawad, spoke in favor of the decision.

Pasha said banning crypto was one of the requirements set by the Financial Action Task Force (FATF), which removed Pakistan from its gray list in October. The gray list contains countries the body considers deficient in Anti-Money Laundering and Counter-Terrorist Financing measures but that are working with it to remedy their shortcomings.

The SBP and the Information and Technology Ministry were drafting the legislation for the ban, according to reports.

Related: Pakistan's president calls for more training in blockchain technology

The Pakistani Crypto Twitter community unleashed a frenzy of disapproval of the coming crypto ban. I pray that government focuses on the right area which lead to scams and the apps which traps people instead of banning crypto, Daniyal Azamwrote. People are making handsome income with crypto trading and Govt want to take this last hope from Poor People of Pakistan, Crypto Arenasaid.

FATF cannot impose sanctions on non-compliant countries, but its findings are likely to influence government and corporate policies worldwide. Pakistans economy is in deep crisis, and it is currently engaged in tense bailout negotiations with the International Monetary Fund, so a clean report from the FATF may be a political priority.

Crypto adoption in the country has been relatively high, with Pakistani citizens reportedly holding $20 billion worth of crypto in 2021. Government opposition to crypto is not new, however. The SBP has reportedly been seeking a crypto ban since at least January. Pakistan does, however, have plans to launch a central bank digital currency in 2025 and recently adopted a national blockchain Know Your Customer platform.

Magazine: Rogue states dodge economic sanctions, but is crypto in the wrong?

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Pakistani finance minister says crypto will never be legal because of FATF - Cointelegraph

The Quantum Threat To Cryptocurrency: How QRL’s Quantum-Safe Blockchain Technology Could Be Poised To Revolutionize The Industry – Yahoo Finance

CHEYENNE, WY / ACCESSWIRE / May 19, 2023 / Cryptographic protocols that secure networks like Bitcoin and Ethereum are - for the time being - impervious to even the most advanced computers. However, imagine a near-future scenario where computers have advanced to such a level that current cryptographic standards become insufficient.

The Quantum Resistance Corporation, Friday, May 19, 2023, Press release picture

This potential danger arises from quantum computers, a cutting-edge technology that has the potential to compromise many of the encryption protocols used in cryptocurrencies today. Although quantum computers are in their infancy and not yet powerful enough to do so, experts predict that, if current trends continue, they could threaten blockchain networks by 2030.

Quantum Resistant Ledger (QRL) aims to address this doomsday threat as the world's first post-quantum store of value and decentralized communication network to proactively tackle the threat of advanced quantum computing. The following article will deep dive into the nature of the quantum threat, and explain how QRL could be positioned to transform the industry by providing a post-quantum solution.

Before delving into how QRL offers a solution to the quantum threat to cryptocurrency, it is important to understand how quantum computers work and the current risks associated with popular blockchains such as Ethereum and Bitcoin.

Quantum computers are a type of supercomputer with far superior processing power than classical computers. They are able to carry out many computations while simultaneously considering several different configurations - this makes them exponentially faster than traditional computers.

Over the past few years, quantum computing has shown significant progress in various fields, including AI, weather forecasting and medical research. However, in the wrong hands, quantum computing has the potential to pose a substantial risk to cybersecurity, and consequently, to cryptocurrencies as well.

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For example, Google's 54-qubit Sycamore processor completed a computation in 200 seconds that would have taken the most powerful classical computer in the world 10,000 years. According to a report by IBM, in theory, cryptographic protocols can be solved within a few hours with quantum computers.

Broadly speaking, traditional cryptocurrencies face two primary types of threats, which are:

Storage Attacks: An attack that targets individual wallet addresses, trying to break their security and steal the cryptocurrency stored in them.

Transit Attacks: An attack that focuses on taking control of all transactions happening in real-time on the network.

Bitcoin and Ethereum, the world's two largest cryptocurrencies, account for almost 60% of the industry's total market capitalization. Bitcoin as an asset functions like digital gold, providing a decentralized, immutable and secure store of value. Conversely, Ethereum is like a publicly shared computer network that enables developers to create applications on decentralized servers.

When it comes to storage attacks, Ethereum is at a higher risk than Bitcoin. A recent Deloitte study revealed that about 65% of all Ether is vulnerable to quantum attacks, significantly more than the 25% of vulnerable Bitcoin.

Transit attacks, though more severe, are also more challenging to execute. According to Mark Webber at the University of Sussex in the U.K., breaking this level of encryption would reportedly require a quantum computer with 1.9 billion qubits of power.

This number is staggering, especially when compared to IBM's most advanced quantum computer, which has only 127 qubits in comparison. Ethereum's creator, Vitalik Buterin, tweeted in 2019 that current speculations about quantum computing are as distant from real quantum computing as hydrogen bombs are from nuclear fusion. But rapid advancements in AI-assisted technology could be changing the outlook and accelerating the quantum timeline.

Traditional cryptographic methods such as RSA and elliptic curve cryptography (ECC) rely on computational complexity for security. However, this model is an ineffective long-term solution since quantum computers can solve these methods. QRL says it solves this vulnerability by creating cryptography based on problems that are believed to be resistant to quantum attacks, providing enhanced security in the quantum era.

One of the key components of QRL's cryptography is the eXtended Merkle Signature Scheme (XMSS). This is a unique mathematical function that is designed to allow for secure and efficient transaction authentication when taking into account the trends of quantum computers.

In addition to securing transactions, QRL leverages advanced techniques such as on-chain lattice key storage and layer-to-internode communication to secure communications on the blockchain.

Overall, although the advent of quantum technology raises concerns, the ongoing development of cryptographic encryption has the potential to surpass the progress of quantum computing.

As quantum computing remains in its nascent stages, investors and centralized organizations have the opportunity to transition to quantum-resistant cryptography. The situation is much different for decentralized blockchain technology, which post-quantum security analysts insist has a fatal and fundamentally unfixable flaw. QRL doesn't have this problem, they maintain. In any case, QRL seems to be at the vanguard of the post-quantum security frontier and well-positioned to offer a safe way for transactions and communications in a post-quantum world.

Featured Photo by Sunil Ray on Unsplash

Contact:

Mike Zeiger4d5a@theqrc.com

SOURCE: The Quantum Resistance Corporation

View source version on accesswire.com: https://www.accesswire.com/756041/The-Quantum-Threat-To-Cryptocurrency-How-QRLs-Quantum-Safe-Blockchain-Technology-Could-Be-Poised-To-Revolutionize-The-Industry

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The Quantum Threat To Cryptocurrency: How QRL's Quantum-Safe Blockchain Technology Could Be Poised To Revolutionize The Industry - Yahoo Finance