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 Web3 Wallet Integrates Tonstakers: The First of Its TON Staking Offerings to Expand DeFi Opportunities
DUBAI, UAE, Dec. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange,is excited to announce the integration of Tonstakers, the leading liquid staking protocol on the TON blockchain, into its Web3 Wallet. This marks the first of Bybit Web3’s TON staking offerings, reinforcing its commitment to expanding decentralized finance (DeFi) opportunities for its users.
With this integration, Bybit Web3 Wallet users can now seamlessly stake Toncoin ($TON) and receive $tsTON (Tonstakers LST) in return. The value of $tsTON increases relative to $TON every 26 hours, ensuring competitive rewards while contributing to the growth and success of the TON ecosystem. The integration also opens the door for 130 million users in the TON ecosystem to access TON staking directly within the Bybit Web3 Wallet.
Bybit is dedicated to simplifying DeFi adoption by providing intuitive and user-friendly staking experiences. This milestone partnership with Tonstakers enables users to unlock annual returns estimated between 3% and 5% APY, with rewards automatically compounded, further cementing Bybit’s role as a leader in DeFi accessibility.
Why Tonstakers Matters: The First of Its Kind
Tonstakers is the inaugural partner in Bybit Web3’s TON staking initiative, setting a new standard for staking services. With a total value locked (TVL) exceeding $260 million and a significant market share in the liquid-staked TON sector, Tonstakers offers Bybit Web3 Wallet users unparalleled access to TON staking benefits:
- Effortless Staking: Securely stake $TON with ease, thanks to the user-friendly interface within the Bybit Web3 Wallet.
- Earn $tsTON Rewards: Receive tokenized staked Toncoin ($tsTON), which can be leveraged within DeFi applications across the TON ecosystem.
- Explore DeFi Liquidity: Engage with Tonstakers Earn to provide liquidity using $tsTON, unlocking diverse earning opportunities.
“Bybit Web3 is proud to deepen our integration with the TON blockchain, a crucial step in our mission to foster a thriving and interconnected Web3 ecosystem,” said Emily Bao, Head of Bybit Web3. “This integration empowers our users with seamless and trusted access to TON liquid staking pools and unlocks valuable earning opportunities. As a strong believer in DeFi adoption, Bybit Web3 is committed to bridging the gap between Web2 and Web3, creating simple, easy, and accessible solutions that bring the benefits of decentralized finance to a wider audience. We believe this integration will significantly contribute to the growth and success of the TON ecosystem.”
Start Staking Today To begin staking your $TON and earning with $tsTON, visit https://www.bybit.com/en/web3/staking and discover the power of Bybit Web3 Wallet’s integration with Tonstakers. Bybit Web3 Wallet currently supports a wide range of staking services beyond TON tokens, including ETH, USDT, USDC, bbSOL, SUI, and more.
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit Web3, please visit Bybit Web3.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
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Blockchain Press Releases
Nodepay Raises $7M Total Funding To Power AI Growth with Real-Time Data Infrastructure
SINGAPORE, Dec. 27, 2024 /PRNewswire/ — Nodepay, a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, today announced it has raised a second round of funding, bringing its total to $7 million.
The latest funding round welcomed new strategic investors IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) as notable angels. They join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.
Nodepay’s network taps into a global community of users running privacy-protected nodes. By sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely information—an approach known as Retrieval Augmented Generation (RAG).
Darren Nguyen, co-founder of Nodepay commented: “Our mission is to develop solutions that create tangible value for both AI developers and its end users. We give contributors a share in the AI ecosystem they help fundamentally build.”
Nodepay’s infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. Together, these components combine to create a fair, collaborative, and innovative AI ecosystem.
Eric Le, investment director of IDG Capital, said, “The team at Nodepay is democratizing the AI economy by providing a platform that allows users to share directly in the value they create. We’re proud to support their vision of making AI more accessible and beneficial to all.”
With this funding, Nodepay will continue to commercialize its infrastructure to benefit both its community and partner AI labs. As it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralized AI development and training.
Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. Users can expect further updates and new announcements through their social channels and official website.
About Nodepay
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By turning idle internet bandwidth into a valuable resource, Nodepay fuels the next generation of AI models and stands at the forefront of AI decentralization.
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Blockchain Press Releases
Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report
DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.
With more than $525 million in BTC and ETH options contracts expiring on Dec 27, 2024’s end-of-year options expiration looks set to be one of the biggest yet, yet expectations for volatility have remained subdued. The report highlights an unusual inversion in ETH’s volatility structure, but BTC has not mirrored the reaction. Additionally, a change in funding rates—sometimes turning negative as spot prices drop—signals a new market phase. Notably, BTC’s volatility structure has been less responsive to changes in spot prices, whereas ETH’s short-term options are exhibiting more noticeable fluctuations.
Key Findings:
BTC Options Expirations:
In the past month, BTC’s realized volatility has been higher than implied volatility on three occasions, each time reaching a relatively calm equilibrium. Open interest in BTC options remains high, contributing to potential increased volatility as we near the end of the year. Around $360 million worth of BTC options (both puts and calls) are set to expire soon, which can affect price movement.
ETH Options: Calls Dominate
Despite a mid-week inversion, ETH’s volatility term structure has flattened, maintaining levels similar to those seen over the past month. In the final week of 2024, calls overwhelmed puts in open interest in ETH options, although market movements and trading activities are more on the put side.
Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: Bybit X Block Scholes Crypto Derivatives Analytics Report (Dec 24, 2024)
#Bybit / #BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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