Blockchain Press Releases
The Outlook for Desk-Top Quantum Computers, Discuss IDTechEx
BOSTON, Aug. 7, 2023 /PRNewswire/ — Quantum computers have the potential to tackle problems it would take classical computers trillions of years to solve. Most quantum computer designs depend on cooling the hardware to extreme temperatures well below -200 degrees Celsius. However, in recent years the technology for desktop quantum computing has begun to advance.
Quantum Computers Are Cool
Quantum computers are cool; they exploit the sub-atomic phenomena of superposition and entanglement. Creating bits of information, 1s and 0s, at a quantum scale leads to an exponential advantage in computational power. However, quantum systems are notoriously susceptible to noise. Multiple noise sources can reduce a computation’s accuracy or even entirely destroy quantum information.
One of the most challenging noise sources to overcome is thermal noise. To avoid it, many popular hardware approaches are cooled to ultra-cold temperatures. For example, superconducting quantum computers require specialist vacuum pumps and cryostats. This equipment is expensive, dependent on helium, and needs a lot of space, water, and power.
To date, the infrastructure required to cool quantum computers has created a barrier to bringing quantum computers to our desktops. However, new approaches to quantum computing are emerging, including photonic and diamond defect designs. The potential for these technologies to operate at room temperature could significantly improve accessibility to quantum computing and ultimately result in a larger addressable market.
Photonic Qubits Can Survive Warm Temperatures
Photonic platform quantum computing uses light to form qubits. This could be using the state of individual photons (polarization/squeezed) or the quantum states of beams of photons (qumodes). Photons are naturally more robust to thermal noise, and multiple companies today are producing early-stage photonic quantum processors which don’t need cooling – for example, QuiX. While scalable and versatile photonic hardware for quantum computing is still a way off, some application-specific devices have already been realized. This includes machines from ORCA capable of time-bin boson sampling – suited to machine learning and generative modeling.
However, photonics is not an approach to quantum computing without challenges. In some instances, detecting photons to read out the solution to a quantum algorithm still depends on super-cooled sensors. In other words, the qubits may be at room temperature, but the technology to detect them is not. Also, the entangled light sources required for more advanced systems require more development – for example, specialist quantum dots or semiconductor nanostructures. Furthermore, while photons are less affected by warm temperatures, they are still prone to leaking out of waveguides.
That being said, investment in photonic quantum computing is on the rise – surpassing US$500 million in 2022. Many of the requirements for better photon sources and less-noisy architectures are being tackled, and optimism is high that scalable and versatile quantum computing using this method is possible. This sector seeks to capitalize on the existing use of fiber optics for high-speed communications and the growing governmental interest in photonics for cryptography and cyber security.
Diamond Lattices Naturally Protect Qubits From Noise
Engineered diamond was historically identified for its applications in quantum sensing, but in recent years, research has evolved toward room-temperature and even desktop quantum computing. Diamonds with a specific defect can form 2-state quantum systems and, therefore, qubits. For example, nitrogen-vacancy (NV) centers have spin states which can be used to represent 1s and 0s. The frequency of stimulated emission of NV centers is dependent on this spin state, and as such off-the-shelf fluorescence microscopes can be used to read out algorithm results. Because these qubits are naturally insulated from noise sources in the environment by lattices of carbon atoms in diamonds, they are good candidates for room-temperature quantum computing.
Indeed, multiple companies are already selling desktop-sized diamond defect quantum computers. Supercomputing centers and aerospace companies have invested in diamond-defect technology from the likes of Quantum Brilliance and XeedQ. However, the number of qubits demonstrated using diamond defect remains in the single digits. It is widely agreed that to provide the most commercial value and meet the needs of error correction techniques, thousands, if not millions of qubits are required. Some developers do plan to demonstrate hundreds of diamond-defect qubits in the next few years, but there is plenty of research left to do, particularly in terms of optimizing the engineered diamond manufacturing processes.
Hype vs. Reality
While creating room-temperature desktop quantum computers is theoretically possible, today, most quantum computing hardware developers are focused on providing systems for industrial applications, including the aerospace, finance, and chemical sectors. This includes many of the leaders in photonic and diamond-defect quantum computing. There is general agreement that the highest value problems quantum computers will solve first will be achieved through cloud access models.
However, a future with room-temperature solutions for the mass market shouldn’t be ruled out, the photonic technology was even featured at CES this year. There are many more potential users outside of pharma and aerospace who could benefit from an affordable and mobile solution – predominantly for edge-AI, image processing, and real-time logistics optimization. Autonomous vehicle manufacturers and supermarket chains are already exploring this quantum application space. There is even demand for higher-performance computing in the harsh environment of space, for example, to process images from satellite-mounted astronomical instruments.
Outlook
Though quantum computing could come to the desks of the mass market, classical hardware solutions will remain dominant here for at least the next twenty years. In the meantime, room-temperature quantum computers are instead set to play a role in educating society about quantum computing. Ultimately this will serve to facilitate research and enable the adoption of the most powerful, high qubit number devices on the cloud. It remains uncertain which the market leading technologies will be, with photonic and diamond competing with superconducting, trapped ion, neutral atom, photonic, and even silicon based. However, according to IDTechEx’s research study, long-term commercial success is most likely for more inherently scalable solutions – for which desktop suited modalities could have a significant competitive edge. The addressable market for quantum computers is forecast to increase rapidly as technology advances, with over 3000 systems likely to be installed by 2043.
To find out more about the IDTechEx report “Quantum Computing 2023-2043”, including downloadable sample pages, please visit www.IDTechEx.com/QuantumComputing.
About IDTechEx
IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact [email protected] or visit www.IDTechEx.com.
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Blockchain Press Releases
Bybit and Block Scholes Uncover Post-Election Bullish Sentiment: Traders Lean Into Leveraged Longs Amid Stabilized Market
DUBAI, UAE, Nov. 8, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with Block Scholes, today released its latest post-election crypto derivatives analytics report. The report dives deep into the market behavior following the conclusion of the 2024 U.S. election, revealing a clear shift towards renewed bullishness and a strong appetite for leveraged long positions.
Market Behavior in Focus
With election uncertainty now behind, the report shows that traders are leaning strongly toward leveraged long positions, especially in perpetuals and futures contracts. Short-term volatility has decreased, and BTC’s price structure has leveled out, suggesting a more stable market. The steady trading activity over the weekend further highlights the ongoing strong interest in crypto assets.
Key Findings:
- Sharp Decline in Short-Term Volatility: As election uncertainty cleared, short-term implied volatility for both BTC and ETH witnessed a significant drop.
- Flattening of BTC Term Structure: While the term structure for BTC flattened, ETH’s evolved into a steeper curve, potentially reflecting increased long-term uncertainty surrounding Ethereum.
- Resurgence of Leveraged Positions: Following a pre-election reduction, leveraged positions have bounced back strongly. Open interest in both perpetuals and futures contracts has climbed, indicating a willingness to embrace risk once again.
- Record High Positioning: Despite the election risk subsiding, positioning across all markets is near all-time highs, showcasing a keen interest in maintaining leveraged long exposure as BTC reaches new records.
- Robust Trading Volumes: Trading volumes remained robust throughout the week, even over the weekend, highlighting sustained market activity.
- Renewed Interest in Directional Bets: Perpetual swap open interest mirrored the trend seen in futures contracts. A decline during pre-election turbulence was followed by a sharp rise as the election outcome became clear, suggesting renewed focus on directional bets to capitalize on positive post-election movement.
- Increased Options Interest: Despite subdued option trading volumes, open interest for BTC options has surged. This points towards a growing interest in positioning for potential long-term volatility in the aftermath of the election.
Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: https://learn.bybit.com/crypto-insight/bybit-x-block-scholes-crypto-derivatives-analytics-report-nov-6-2024/
#Bybit / #TheCryptoArk /#BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
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SINGAPORE, Nov. 8, 2024 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN), a leading provider of Bitcoin Miners, announced that the company had upgraded Avalon Miner A15 series mining machines. In April 2024, Canaan released its Avalon Miner A1566 air cooling machine with 185 TH/s hash rate and power efficiency ratio of 18.5 J/TH in Hong Kong. After continuous improvements in chips and embedded software in the past months, new Avalon Miner A15 series now features four models: 1, the high-end model Avalon Miner A15Pro with a hashrate no less than 215T and a power efficiency of 16.8J/T; 2, A15XP with a hashrate of 200-212T and a power efficiency of 17.8J/T; 3, A15 with a hashrate of 188-203T and a power efficiency of 18.8J/T; 4, A15SE with a hashrate of 170-185T and a power efficiency of 19.9J/T.
The upgraded Avalon Miner A15 series offers notable excellent hashrate with better power efficiency, to address the escalating computational requirements and meet the diverse demands from customers of different mining scales, in different mining environments, aiming to deliver a more efficient and stable mining experience for miners around the world.
Avalon Miner A15 series can be integrate seamlessly into Avalon Box with Canaan’s One-Stop Mining Solutions. Along with 24/7 multilingual support across over 20 countries, Canaan reaffirms its commitment to providing miners worldwide with fast, reliable, and efficient solutions for mining deployment and maintenance.
Avalon Miner A15 series can be ordered from now.
Click to order now: https://shop.canaan.io/products/avalon-miner-a15xp-206t
About Canaan Inc.
Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, under the leadership of Mr. Nangeng Zhang, founder and CEO, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in Bitcoin’s history under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market.
Media Contact: [email protected]
Disclaimer:
All provided data and parameters are based on laboratory results in a controlled environment. We do not guarantee that delivered product(s) will produce the same operating data and parameters when deployed in the field.
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JAKARTA, Indonesia, Nov. 8, 2024 /PRNewswire/ — Bittime, a regulated Indonesia crypto exchange, has experienced a significant 10x growth in two consecutive years. In collaboration with Palapa, its platform token, Bittime has launched Palapa Tap Tap Hero, Indonesia’s first Telegram-based Game Finance (GameFi) project. Palapa is currently conducting its final airdrop, with a snapshot scheduled for November 11, 2024, and the listing planned for November 13th, 2024.
Since the approval of the Bitcoin ETF Spot in January 2024, the global crypto industry has shown significant growth in crypto market adoption, including Indonesia. Evidently, Indonesia’s position has skyrocketed and become the No.3 country for global crypto adoption, based on Chainalysis.
This large potential growth of the blockchain and crypto industry in Indonesia, then became the basis for Bittime to emphasize the prevailing momentum. Furthermore, according to CoinGecko, one of the world’s largest independent crypto data aggregation platforms, Bittime is the top Indonesia crypto exchange.
As for Bittime platform token, Palapa has been officially registered by the Commodity Futures Trading Supervisory Agency of Indonesia (Bappebti) and has been listed as one of the 545 crypto assets under Bappebti supervision that can be traded.
Remaining success on its first airdrop celebration, Bittime and Palapa Token released a Telegram-based GameFi, Palapa TapTap Hero. This game is considered to be able to provide an interactive experience that is not only entertaining, but also introduces blockchain technology and crypto adoption to the wider community.
Ryan Lymn, CEO of Bittime, sees the enthusiasm of crypto assets adoption should be appreciated, especially for the young investors. He highlights that Palapa TapTap Hero Game, will enhance the user experiences and literacy about the blockchain ecosystem.
“We believe that by launching this Telegram-based game, Bittime and Palapa will be able to reach more people, while also providing fun introduction about the blockchain technology that underpins the crypto themselves,” explained Ryan.
Through the launch of the Palapa TapTap Hero game, Ryan stated that Bittime wants to encourage significant growth in the adoption of crypto and Web3 in Indonesia. Moreover, he believes that with this game, it will be easier for the young investor to get to know the blockchain industry and crypto.
Bittime and Palapa optimists that Palapa TapTap Hero Game will have a significant impact on the global adoption of blockchain, particularly in Indonesia. This game is not only a new innovation from the Indonesian Web3 industry, but it also marks Palapa ($PLPA) Token Generation Event (TGE), which is projected on 13th November, 2024.
Jimmy Siswanto, CEO of Palapa, stated that they were very excited with the launch of Palapa TapTap Hero. He believes this is a good opportunity for the Indonesian Web3 community and the wider community to be able to maximize blockchain innovation.
“We are very happy and proud to be the first Indonesian project to launch GameFi based on the Telegram application. Previously, Indonesia has only been the target market and users of global projects, and now is the time for us to take stage on a worldwide scale,” he stated.
This Telegram-based game with tap-to-earn concept, is expected to be a further step to creating an inclusive ecosystem in Indonesian Web3 industry. As shown by the enthusiasm of the community support given to Bittime and Palapa, where in just two weeks from its launch, Palapa TapTap Hero Game has significantly reached more than 100,000 users.
About Bittime
Bittime, under PT Utama Aset Digital Indonesia, is a crypto exchange platform based in Indonesia that is registered with the Commodity Futures Trading Supervisory Agency of Indonesia (Bappebti) and the Ministry of Communication & Information of Indonesia (Kominfo). Bittime is also a member of the Indonesian Blockchain Association (ABI) and the Indonesian Crypto Asset Trading Association (ASPAKRINDO).
As a crypto trading platform, Bittime leverages blockchain technology to provide fair access to financial independence for everyone, regardless of location or background.
Bittime application can be downloaded on Google Play and the App Store.
About Palapa
Palapa, PT Global Karya Wisesa is a technology-based company at the forefront of blockchain and crypto asset innovation, based in Indonesia. Palapa has a vision to encourage widespread adoption and utilization of blockchain technology by creating an easy and user-focused ecosystem.
Palapa Token (PLPA) is built on the ERC-20, Ethereum blockchain. As is known, Ethereum provides a strong and secure platform for the release and management of tokens by ensuring transparency and interoperability within the broader blockchain ecosystem.
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