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Debunking Crypto Myths With Binance! The Myth of Crypto Being … – Bitcoin News

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The world of cryptocurrencies and blockchain has exploded in recent years. However, a lack of understanding surrounding this technology has led to a number of false beliefs and misconceptions, causing many people to approach digital assets with unwarranted suspicion and uncertainty. To combat this, Binance has made it part of its mission to provide accessible Web3 education to everyone and work to enhance crypto comprehension.

Through these efforts, Binance aims to debunk common misconceptions and promote greater crypto literacy. Their goal is to clear up confusion and help improve the general publics understanding of crypto. Its crucial to have a thorough understanding of the basics and think critically, as this will help people better comprehend and, ultimately, use cryptocurrency. Time to bust some crypto myths!

Myth: Crypto Is Only Used By Criminals

The use of crypto for illegal activities has been a topic of concern since the early days of this new form of digital currency. The publics perception of cryptocurrencies as being inherently linked to criminal activities (such as money laundering, drug trafficking, and cybercrime) can largely be traced back to the early media coverage around cryptocurrency specifically the infamous Silk Road marketplace.

Silk Road was an online black market that operated on the dark web from 2011 to 2013, offering a platform for the anonymous buying and selling of illegal goods and services using Bitcoin. The marketplace was notorious for its involvement in drug trafficking, and the association between crypto and Silk Roads illicit activities contributed to the negative reputation of cryptocurrencies in the mainstream media.

The perceived anonymity and decentralization of crypto have given rise to concerns that they facilitate criminal activity. Many media outlets often choose to focus on high-profile cases of crypto-related crimes, furthering the idea that digital assets are mostly used by those seeking to engage in illegal activities while avoiding detection.

Reality: Data Shows That Crypto Is Mainly Used by Ordinary People

The reality is that crypto is primarily used by ordinary people and exists as a legitimate tool for a variety of everyday transactions. Binance alone has more than 120 million registered users. As with any emerging (or existing) technology, criminals will always use it for nefarious purposes. That said, illicit activity comprised just ~0.15% of crypto transactions in 2021 down from 0.62% in 2020 despite the industrys exponential growth and money laundering accounted for 0.05%.

And dont just take Binances word for it. This is data from Chainalysis, an independent blockchain analysis company. Chainalysis data is often used by government agencies, including the United States Federal Bureau of Investigation (FBI), Drug Enforcement Agency (DEA), and Internal Revenue Service Criminal Investigation (IRS CI), as well as the UKs National Crime Agency (NCA), to investigate and combat crypto-related crimes.

In the traditional fiat space, close to $800 billion to $2 trillion is laundered every year, which is around 2-5% of the global GDP as reported by the United Nations Office on Drugs and Crime (UNODC). Compare that to crypto, and the amount is a minuscule 0.03% of that. Criminals dont like crypto because the fact that the transactions are publicly and permanently recorded actually enables investigators. In contrast with traditional financial investigations, the transparent nature of crypto makes it easier to identify bad actors.

Criminals Dont Like Transparency

Blockchain is inherently transparent. All transaction data is recorded in a public ledger. Anyone at any time can examine the entire codebase. Using crypto for nefarious purposes leaves an excellent paper trail for prosecutors to lock in a conviction.

Europol and the Basel Institute on Governance have stated that crypto is key to tackling organized crime. You simply cannot move large amounts of money around without getting noticed. In fact, crypto exchanges continue to be one of the primary allies in the fight against criminal activity. For example, in 2021, Binance helped take down a cybercriminal ring laundering $500 million in ransomware attacks.

Law enforcement agencies remain the spearhead of the collective fight against crime. Acquiring the required resources, skills, and tools, as well as partnering closely with crypto companies, has been a top priority for agencies globally. In the US, the Treasury Dept has asked for more funding to track and fight crypto crime, and the DoJ and FBI have set up dedicated national cryptocurrency enforcement task forces.

In addition, the Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, has issued standards for virtual assets mirroring the ones for fiat. But implementation has lagged behind: out of 200 countries committed to FATF standards, only 19 have implemented the one for virtual assets (as of March 2023).

Final Thoughts

The idea that crypto is primarily a hotbed of illicit activity is grossly overstated. In fact, the vast majority of crypto transactions and investments are legitimate and focused on real-world use cases with the potential to transform the global economy. The emergence of blockchain tech has opened up new opportunities for financial innovation, and cryptocurrencies are just one aspect of this rapidly-evolving landscape.

From decentralized finance (DeFi) to non-fungible tokens (NFTs), the potential applications of crypto and blockchain technology are vast and varied. The industry has only scratched the surface of what is possible. While there are certainly risks and challenges, its important to approach this exciting new tech with an open mind and a willingness to learn and adapt in order to fully realize its potential for positive impact. There should also be the appropriate guardrails in place to try and eliminate bad actors something no financial services ecosystem is immune to.

Fact: Crypto is primarily used by ordinary people. Independent data shows that just 0.15% of crypto transactions involve illicit activity. If youre a criminal, youre more likely to get caught using crypto than if you use cash or the traditional finance system.

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Binance Coin (BNB) and Cardano (ADA) Lose Steam As TMS Network (TMSN) Jumps 10x in Presale | Bitcoinist.com – Bitcoinist

Binance Coin (BNB) and Cardano (ADA) are among the most popular cryptocurrencies in the market. However, these two market titans have been losing steam lately. While Binance Coin (BNB) and Cardano (ADA) have seen their prices drop by more than 70% from their all-time highs, a new contender has emerged to challenge them: TMS Network (TMSN).

TMS Network (TMSN) is a blockchain-based platform that provides fast, secure, and transparent trading of all derivatives, including stocks, CFDs, cryptocurrencies, and forex. TMS Network (TMSN) recently completed the second stage of its presale, raising over $3.9 million and recording a 10x gain from the token price when the presale began. The third stage is already underway at a price of $0.06. TMS Network (TMSN) aims to revolutionize the trading industry by eliminating intermediaries and other issues plaguing centralized trading platforms.

Binance coin (BNB) is one of the most popular cryptocurrencies in the world, but it has been facing some challenges lately. Binance Coin (BNB) has lost more than 20% of its value in the past month and is currently trading below $310.

One of the main factors that have affected Binance Coin (BNB) is the regulatory pressure on Binance, the largest cryptocurrency exchange and the issuer of Binance Coin (BNB). Binance has been facing scrutiny from authorities in several countries, such as the UK, Japan, Germany, and Canada, over its compliance with anti-money laundering and consumer protection rules.

According to crypto data provider Kaiko, Binance has recently seen its market share decline due to regulatory problems in the United States. According to the firm, the fall was partly caused by recent news that the Commodity Futures Trading Commission (CFTC) sued the exchange, its CEO Changpeng Zhao, and the companys former top compliance officer Samuel Lim with a slew of regulatory infractions.

Cardano (ADA) is unquestionably one of those initiatives with enormous potential and is a profit-generating asset. Cardano (ADA) has built a robust community based on peer-reviewed academic research over the years. However, Cardano (ADA) has recently lost steam and stagnated in the market.

Cardanos pricing needs to give more hints about its future trajectory as it consolidates. Cardano (ADA)is reaching a critical support level, and a breach below might destabilize the bearish tilt. Despite the gloomy forecast, the Cardano (ADA) price remains to watch.

Based on Cardano (ADA) price fluctuations at the start of 2023, crypto experts predict an average Cardano (ADA) rate of $0.4 in April 2023. The lowest and highest prices are projected to be $0.37and $0.45, respectively.

TMS Network (TMSN) is a decentralized all-in-one trading platform built on Ethereum that aims to disrupt the existing trading industry. The TMS Network (TMSN) platform aspires to be a one-stop shop for all of a traders requirements. TMS addresses the most pressing issues in todays trading environment. These include; price inconsistency, high trading fees, price manipulation, wash trading, transaction delays, insufficient trading experience, and a lack of trading education among traders.

To ensure profitable trading opportunities, the platform combines a variety of tools such as trading bots, strategy builders, and on-chain research tools. TMS Network (TMSN) also aims to address the issues associated with centralization, such as censorship and corruption. TMS Network (TMSN) utilizes blockchain technology to build decentralized networks and ensure that users are always in control of their assets, guaranteeing secure and transparent transactions.

The TMS Network (TMSN) also rewards token holders with a commission collected from the trading volumes generated by other network users. This commission increases as network usage increases. You can get yourself TMSN tokens today at a discount and become part of the TMS ecosystem. Simply register for the protocols ongoing presale with as little as $200. Market analysts have predicted up to 1000x returns for early investors.

For more information on TMS Network (TMSN), please see the links below:

Presale: https://presale.tmsnetwork.ioWebsite: https://tmsnetwork.ioTelegram: https://t.me/TMSNetworkIOTwitter: https://twitter.com/@tmsnetwork_io

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Binance Coin (BNB) and Cardano (ADA) Lose Steam As TMS Network (TMSN) Jumps 10x in Presale | Bitcoinist.com - Bitcoinist

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Binance Coin price analysis: BNB price recovers to $311 after … – Cryptopolitan

The most recent Binance Coin price analysis reveals that the price has experienced a new upswing since the green candlesticks have returned to the candlestick chart. In the previous week, the price fell steadily as a downturn reached its height. However, the positive trend has returned today, and the price has been able to re-establish itself at $311.5. In addition, there is also a likelihood that the trend will reverse before the current trading session finishes because selling pressure has also resumed.

The one-day Binance Coin price analysis indicates a price increase as a result of the bulls success in recovering. The price of XMR/USD has recently increased, and is currently at a level of $311.5. The bullish momentum is now resurgent after the bears had been in charge of the market for the previous week and the preceding two days as well. On the one-day price chart, the moving average indicator (MA) is showing a value of $312.7.

A crossover between SMA 20 and SMA 50 resulted in the past few days, because of the downward trend which was a bearish indication. The upper Bollinger band is present at the $334 mark representing the resistance, whereas the lower Bollinger band is present at $302 mark representing the support for BNB. The Relative Strength Index (RSI) indicator is declaring an increase in the score up to 47 hinting at comparatively more buying activity.

The four-hour Binance Coin price analysis confirms that a bullish trend has been reinstated today. however, selling pressure has also disturbed the market again. Selling activity has been seen during the last four hours which seems to be gaining momentum. The trending line was moving ascendingly as the price has been rising constantly for the past few hours but now the market conditions are changing as the price just recently hit $311.5 low. Moving on, the moving average value in the four hour price chart is standing at $311.5 as well.

The Bollinger bands indicator is dictating an average of $312.10. Whereas its upper value is resting at $314.2 position and the lower value is at $310 position. The RSI score has plumented to index 46 level as well because of the persistent damage in BNB/USD price value.

The one-day and four hour Binance Coin price analysis is showing mixed signs as the price heightened up to $312.7 but the again decreased to $311.5 in the last 24 hours. The price underwent a constant decline in the previous weeks also, it can be anticipated that the price may go further down if the selling pressure gains traction.

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Binance, Showmax partner to deepen crypto adoption in Africa – Businessday

Binance, a leading blockchain ecosystem and cryptocurrency infrastructure provider, has announced its collaboration with Showmax, Africas video streaming service to further promote crypto adoption in the continent.

They are offering the first 500 new enrollees a one-month subscription on the SVOD platform for Easter.

Speaking on the campaign, the Marketing Lead, Binance West Africa, Emmanuel Ebanehita, expressed immense satisfaction, citing that the collaboration could not have come at a better time,

He said: Were thrilled to be collaborating with Showmax to provide an incredible opportunity for our new users to be active participants in Web3. This promotion comes at a time where many Africans are eagerly embracing the underlying technology behind crypto. It is also a testament to our commitment to providing accessible and convenient platforms for individuals to engage in the digital economy.

Read also: Binance, ScholarX partner to drive blockchain adoption across Nigerian markets

The promotion is available to users in Nigeria and winners will be announced within seven days after the promotion ends on Binance Africas Twitter, as well as the Binance Nigeria and the Binance West Africa Telegram groups. This will be followed by an email outreach to the winners within two weeks after the campaign ends.

Also speaking about the alliance, Opeoluwa Filani, General Manager, Showmax Nigeria, said:We are excited about our partnership with Binance which will see more people have access to the world-class entertainment content on the Showmax service. This partnership demonstrates our commitment to make premium content more readily available and accessible.

To qualify for this offer, users have to sign up, complete their KYC verification and make a transaction worth at least $10 or its equivalent on either Binance P2P or Binance Fiat. Users are then to confirm their participation by filling out this form.

Binance Africa is dedicated to fostering meaningful connections with its target audiences by implementing innovative measures that prioritize crypto education and adoption initiatives.

The partnership with Showmax is an exciting example of how the company is achieving this goal, leveraging creative and forward-thinking solutions to engage with users in new and exciting ways.

Binance, a leading blockchain ecosystem and cryptocurrency infrastructure provider, has announced its collaboration with Showmax, Africa's video streaming service to further promote crypto adoption in the continent.They are offering the first 500 new enrollees a one-month subscription on the SVOD platform for Easter.Speaking on the campaign, the Marketing Lead, Binance West Africa, Emmanuel Ebanehita, expressed immense satisfaction, citing that the collaboration could not have come at a better time,He said: "We're thrilled to be collaborating with Showmax to provide an incredible opportunity for our new users to be active participants in Web3. This promotion comes at a time where many Africans are eagerly embracing the underlying technology behind crypto. It is also a testament to our commitment to providing accessible and convenient platforms for individuals to engage in the digital economy.Read also: Binance, ScholarX partner to drive blockchain adoption across Nigerian marketsThe promotion is available to users in Nigeria and winners will be announced within seven days after the promotion ends on Binance Africas Twitter, as well as the Binance Nigeria and the Binance West Africa Telegram groups. This will be followed by an email outreach to the winners within two weeks after the campaign ends.Also speaking about the alliance, Opeoluwa Filani, General Manager, Showmax Nigeria, said:"We are excited about our partnership with Binance which will see more people have access to the world-class entertainment content on the Showmax service. This partnership demonstrates our commitment to make premium content more readily available and accessible.To qualify for this offer, users have to sign up, complete their KYC verification and make a transaction worth at least $10 or its equivalent on either Binance P2P or Binance Fiat. Users are then to confirm their participation by filling out this form.Binance Africa is dedicated to fostering meaningful connections with its target audiences by implementing innovative measures that prioritize crypto education and adoption initiatives.The partnership with Showmax is an exciting example of how the company is achieving this goal, leveraging creative and forward-thinking solutions to engage with users in new and exciting ways.

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Binance, a leading blockchain ecosystem and cryptocurrency infrastructure provider, has announced its collaboration with Showmax, Africa's video streaming service to further promote crypto adoption in the continent.They are offering the first 500 new enrollees a one-month subscription on the SVOD platform for Easter.Speaking on the campaign, the Marketing Lead, Binance West Africa, Emmanuel Ebanehita, expressed immense satisfaction, citing that the collaboration could not have come at a better time,He said: "We're thrilled to be collaborating with Showmax to provide an incredib...

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Terra Classic Could Receive $5M in Funding From Binance – The Crypto Basic

The Terra Grants Foundation applied for a grant in December.

The Terra Classic network has fallen far from its glory days. Once the darling of decentralized finance, it promised to bring decentralized money at scale. While the community has largely decided not to give up hopes of recovery, one thing has continually been a roadblock, funding development.

However, this could change as Binance considers the Terra Grants Foundations application for $5 million in funding. Terra Grants Foundation Director Edward Kim disclosed this in a Medium blog post on Saturday that updated the foundations activities since its inception in November.

Binance confirmed receipt of the foundations December request in an email last month.

Requesting support from the crypto exchanges industry recovery initiative to fund projects on the Terra Classic chain, Kim argued:

Terra was the largest digital collapse next to FTX, but while FTX ( a centralized exchange) will die, Terra can live on. In fact, the revival and success of Luna Classic might be one of the best ways to instill confidence in DeFi.

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If Binance grants the Terra Grants Foundations request, it will receive the $5 million in two $2.5 million tranches.

Despite previous claims by members of the Terra Rebels that the Terra Classic network did not qualify for Binances industry recovery initiative, the leading crypto exchange, in a blog post in December announcing changes to its Terra Luna Classic (LUNC) burns, urged developers building for the chain to apply for grants.

As The Crypto Basic reported in February, TerraCVita, an independent Terra Classic development group, was also considering applying for the grant.

Binance remains one of Terra Classics biggest supporters. The crypto exchange has already sacrificed millions of dollars in trading fees to contribute to the communitys burn initiative.

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CZ says current blockchain throughput cannot make Binance a hybrid exchange – CryptoSlate

What is CryptoSlate Alpha?

CryptoSlate Alpha is a membership designed to empower you with cutting-edge insights and knowledge, built on top of Access Protocol. More about CryptoSlate Alpha

Welcome! You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below.

It looks like you do not hold enough ACS in order to connect. You must have a minimum of 20,000 ACS in your wallet to stake and pay the 2% protocol fee.

Access Protocol is a web3-enabled monetization paywall. When users stake ACS, they get access to paywalled content and data. More about Access Protocol

Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.

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Orbeon Protocol (ORBN) Rises To The Top While Helium (HNT) and … – Cryptopolitan

Helium (HNT) and Binance (BNB), two well-known coins, were recently observed to have downward growth as their value fell. But the same isnt true for Orbeon Protocol (ORBN), a new cryptocurrency project that has now completed its presale and launched on Uniswap with a current token price of $0.2148. Keep reading to learn why this crypto may rule the charts in 2023.

>>BUY ORBEON TOKENS HERE<<

Helium (HNT) is a decentralized network that is known for its work in powering Internet of Things (IoT) devices. Using the node-based ecosystem of the Helium (HNT) network, low-power wireless devices may communicate with each other, and exchange data.

After a brief period of rally in 2023, Helium (HNT) has made investors anxious as it is set on the path of decline. Helium (HNT) has been steadily declining since late February when it was priced at $3.2. Since then, Helium (HNT) has lost a massive 51% in market value. As for its current market standing, Helium (HNT) is priced at $1.36, and has lost some of its value in the past 24 hours. Helium (HNT) is also a devastating 97.5% below its all-time high of $55.22.

These circumstances are likely to continue for Helium (HNT), which is bad news for its traders. Experts advise new investors to stay away from Helium (HNT) as it could reach new lows with time.

>>BUY ORBEON TOKENS HERE<<

Binance (BNB) is one of the biggest names among blockchain-based cryptocurrency exchange platforms. In contrast to when it first began operations in 2017, Binance (BNB) now offers services across a wide range of industries.

Despite being one of the largest cryptocurrencies, Binance (BNB) isnt immune to sudden declines. 2023 brought improved performance for Binance (BNB), but the token has suddenly fallen in March, losing huge value. While at the end of February, Binance (BNB) was priced at $304.8, it fell to $267.4 within a few days of March.

However, Binance (BNB) managed to pick up its price soon, and is currently trading at $311.97. Binance (BNB) has nosedived in the past 24 hours. As for its all-time high price, Binance (BNB) is down by 54.8% from the best price of $690.9.

While Binance (BNB) has managed to control its price fall, this instability has made its investors anxious. There could be more price falls for Binance (BNB) in the future, thus, its a risky investment.

>>BUY ORBEON TOKENS HERE<<

Orbeon Protocol (ORBN) is a cross-chain crowdfunding network, which has combined NFT technology, and the traditional practices of the venture capital industry. Orbeon Protocol (ORBN) has introduced an NFTs-as-service (NFTaas) tool that helps firms raise funds quickly and at a lower cost.

Orbeon Protocol (ORBN) creates NFTs against equities received from companies, and sells them to interested investors. Hence, investors are entitled to receive profit from companies. It also enables individuals to invest in their favorite companies equity-based fractionalised NFTs for as low as $1.

While Orbeon Protocol (ORBN) is functioning on the Ethereum (ETH) blockchain, it will soon be brought to Solana (SOL), Polygon (MATIC) and Binance (BNB) blockchains, to make it cheaper and faster. The entire ecosystem of Orbeon Protocol (ORBN) will be powered by ORBN, and its holders will be allowed to stake their tokens to earn additional rewards.

The buying price of Orbeon Protocol (ORBN) tokens jumped more than 2713% to $0.1125 during the presale. Now that Orbeon Protocol (ORBN) has witnessed historical popularity, it is predicted to grow by 6000% to $0.24 following its launch on the Uniswap exchange and has a current price of $0.2148.

Find Out More About The Orbeon Protocol

Website: https://orbeonprotocol.com/

Uniswap: https://app.uniswap.org/#/swap

Telegram: https://t.me/OrbeonProtocol

Twitter: https://twitter.com/OrbeonProtocol

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Orbeon Protocol (ORBN) Rises To The Top While Helium (HNT) and ... - Cryptopolitan

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Physicists Extend Qubit Lifespan in Pivotal Validation of Quantum Computing – ScienceAlert

Quantum computing promises to be a revolutionary tool, making short work of equations that classical computers would struggle to ever complete. Yet the workhorse of the quantum device, known as a qubit, is a delicate object prone to collapsing.

Keeping enough qubits in their ideal state long enough for computations has so far proved a challenge.

In a new experiment, scientists were able to keep a qubit in that state for twice as long as normal. Along the way, they demonstrated the practicality of quantum error correction (QEC), a process that keeps quantum information intact for longer by introducing room for redundancy and error removal.

The idea of QEC has been around since the mid-90s, but it's now been shown to work in real time. Part of the reason for the experiment's success was the introduction of machine learning AI algorithms to tweak the error correction routine.

"For the first time, we have shown that making the system more redundant and actively detecting and correcting quantum errors provided a gain in the resilience of quantum information," says physicist Michel Devoret, from Yale University in Connecticut.

Qubits are objects as they exist in a mix of quantum states. Where classic objects can have absolute states, a qubit's version of the same state would be best described using probability. As a qubit interacts with other qubits, their probabilities become entangled in computationally useful ways.

Unfortunately, it's not just other qubits that can entwine their states with a non-decided object. Everything in the environment acts as 'noise', potentially influencing those delicate probabilities and making room for errors.

Part of the reason scientists have struggled to implement QEC is because it can introduce errors of its own. The extra space afforded for error correction can make the qubit even more vulnerable to interference from the surrounding environment.

Like many quantum physics experiments, this one was run at ultra-cold temperatures a hundred times colder than outer space, in this case. The setup has to be carefully controlled in order to protect the qubit as much as possible.

The error-corrected qubit lasted for 1.8 milliseconds only a blink as we might experience it, but an impressive span for a qubit operating on the quantum level. Now the research team will be able to refine the process further.

"Our experiment shows that quantum error correction is a real practical tool," says Devoret. "It's more than just a proof-of-principle demonstration."

While scientists are making significant strides forward in the development of quantum computers and there are rudimentary quantum computers in use now there's still a long way to go before the full potential of the technology is realized.

Reducing noise, improving stability, and upgrading error correction are all going to play a big part in getting closer towards full-scale, practical quantum computers that everyone can use.

In this case the breakthrough was down to several different factors, rather than one change. The QEC code was actually one from 2001, but improvements to it as well as upgrades to the quantum circuit fabrication process made a difference.

"There is no single breakthrough that enabled this result," says Volodymyr Sivak, a research scientist at Google and formerly at Yale University. "It's actually a combination of a whole bunch of different technologies that were developed in the past few years, which we combined in this experiment."

"Our experiment validates a cornerstone assumption of quantum computing, and this makes me very excited about the future of this field."

The research has been published in Nature.

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Amazon is growing diamonds to use in quantum networks – TechRadar

Amazon is working in conjunction with diamond miners De Beers in order to develop the precious stone under laboratory conditions to improve the speeds of quantum computing and networking.

The project will be overseen by the tech giant's Center for Quantum Networking, part of its AWS cloud service. For its part, De Beers' Element Six division will be 'growing' the diamonds in the hope of improving the speeds and reliability of quantum networking.

Quantum computing is considered the next frontier in computing technology, offering a whole new way to compute that no longer relies on the binary systems that underpin all our current digital technology. And standard fiber-optic infrastructure is not fast enough to keep pace, so Amazon is hoping to solve the problem by utilizing the qualities of the much-revered substance.

Quantum computing relies on the principle in quantum physics that subatomic particles can be in two places at once. With this in mind, quantum computers work in qubits rather than bits - i.e. rather than a piece of information being represented as either a one or a zero, it can be both at the same time.

This means that in theory, quantum systems could be massively more powerful than even our best current supercomputers.

With quantum networking, various data centers around the world, such as those used for cloud storage or cloud hosting, could communicate and transfer data with one another at greater speeds and with better security too.

The diamonds will be used to make signal repeaters to relay the information stored in qubits through networks. Element Six will be using a process called chemical vapor disposition (CVS) to deliberately produce diamonds with impurities that form around them. It is these impurities that are then harvested and used in the fabrication of the repeaters.

Due to their hardness, they allow for more stable transmission than traditional repeaters, which are not stable enough given the sensitivity of quantum systems to disturbances and interference.

It is this sensitivity, though, that actually makes quantum networks safer, at least in theory. The mere act of observing the photons that carry the data in fiber optic cables through the network alter their state, which means a network operator can instantly tell from the interference that they have been breached.

Element Six will produce 2 million of these diamond components a year. If successful, the project could represent a breakthrough for quantum networking, which is being held back due to the insufficiency of current repeater technology.

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India should intensify its efforts in quantum computing research – BusinessLine

India can leverage its robust and secure digital public infrastructure to emerge as a force to reckon with in the global manufacturing space, says Rahul Mahajan, who is the CTO ofdigital engineering major Nagarro.In an interaction with businessline, Mahajan also shared his views and insights on recent developments in the field of quantum computing, cloud governance and the impact of AI technology, among others. Excerpts:

5G is finally here. How do you see it changing the IoT, Edge Computing and Cloud landscape? And what does Industry 4.0 mean for India, which is nurturing ambitions of becoming the manufacturing hub of the world?

5G has started disrupting the technology landscape by enabling faster and more reliable communication between devices and systems. With its ultra-low latency and super-high bandwidth capabilities, 5G can support multiple devices, allowing for the development of more complex and sophisticated IoT applications. India is currently in a fortunate position to possess a resilient and secure digital public infrastructure, which is bolstered by key pillars such as the Unified Payments Interface (UPI), Aadhaar, Goods and Services Tax Network (GSTN), Digital Locker, widespread mobile phone adoption, and the National Optical Fibre Network (NOFN). Digital infrastructure plays a fundamental role in driving high growth and a robust economy, fuelled by strong domestic consumption. India is currently striving to establish itself as a dominant force and a global leader in the manufacturing sector. To attain high levels of efficiency in manufacturing, it is crucial to adopt industrial-grade public/private 5G networks, IoT, Edge Computing and cloud-based data analytics, which can effectively enhance operations and promote the transition towards smarter factories (Industry 4.0). With the help of real-time data processing, machine learning, and AI, smart factories can improve quality control, reduce downtime, and increase overall efficiency.

Along with A1, quantum computing is expected to drive the next wave of innovation and enhance productivity across multiple sectors, with some experts saying 2026 or 2027 will be the year when the tech would reach critical maturity. Are we on track for this?

Though quantum computing can be a disruptive technology, it is still an emerging technology. The development of quantum computers is a complex process that requires overcoming several technical hurdles such as decoherence, error correction and scalability. With the current pace of innovation, we hope to achieve Quantum Advantage which is a significant improvement in quantum algorithm runtime for practical cases over the best classical algorithm by the year 2026.

Governments and organisations worldwide are heavily investing in the research and development of quantum computing. For instance, India has launched a National Mission on Quantum Technologies and Applications aimed at advancing quantum technologies in the country. Additionally, India recently revealed a Quantum Communication Network to facilitate secure transmission. Several organisations, including Nagarro and IIT-Madras, are conducting research to develop new solutions using quantum computing.

Apart from encryption, early research in quantum computing has shown potential in areas such as portfolio and asset planning in finance; protein folding and new drug molecule discovery in healthcare; and optimization-related solutions in industries such as retail and manufacturing. In my opinion, although India has made some progress, it should intensify its efforts in quantum computing research. Collaborative work between academia and the corporate industry could lead to tangible results. Encouraging new research papers, patents, and start-ups in this field would also be beneficial.

Whats your take on multi-cloud and hybrid-cloud strategy? How is the model evolving across the world and in India?

Multi-cloud refers to the practice of using more than one cloud provider to meet different requirements, while hybrid-cloud refers to the combination of on-premises infrastructure with one or more cloud providers. A multi-cloud strategy provides greater flexibility and opportunities to reduce cost, reduce the risk of downtime and mitigate the risk of vendor lock-in.

On the enterprise computing side and applicable in the Indian context communications, media, services, and banking/insurance industries are among the top contributors to carbon emissions. There is a growing trend in India and around the world towards prioritising ESG (Environmental, Social, and Governance) considerations and sustainable practices in all aspects of business, including cloud computing. An effective approach is to migrate workloads to the cloud providers where green energy usage is encouraged. We see hyperscalers investing significantly to become greener through measures such as sourcing green energy themselves.

Has the cloud governance model matured? What are the existing and emerging challenges and how do you plan to address them, particularly issues around data security and privacy?

The cloud governance model has been improving over time. Opportunities to further improve governance revolve largely around data security and data privacy. One critical aspect of governance is ensuring that data on the cloud is protected, including encrypting data at rest and in transit, controlling access to data, and monitoring for unauthorised access. Cloud service providers typically have their security measures in place, but it is still important for organisations to have their security policies and procedures to ensure that data is protected.

Another aspect is ensuring compliance with regulatory requirements, such as Indian data protection laws, GDPR or HIPAA. Organizations must ensure that they are following the appropriate regulations when storing and processing data in the cloud. Most organisations are yet to operationalise a clear strategy for progressive consent management, data security operations and use-case-specific data activation. To address these challenges, organizations are exploring best practices, including agile data audits, multi-factor authentication, muti-level encryption, data privacy and security-focused vendor contracts, and enabling a chief data office.

Thanks to ChatGPT, AI has caught the imagination of everyone. How do you see AI improving and optimizing data centre performance?

The recent advancements in AI, particularly in the field of large language models and generative AI, have created a significant potential for enhancing data centre efficiency. With the help of language models, it is now possible to gain unique insights into server logs and network traffic, which can assist data centre solution engineers in developing customised strategies for optimising performance. Additionally, generative AI, such as the technology used in ChatGPT, can be utilised to generate simulated data security scenarios, which can aid in identifying potential security risks proactively.

One of our clients is utilising AI for anomaly detection to prevent excessive billing by monitoring resource consumption and usage. Moreover, we have implemented AI algorithms that proactively adjust server parameters for cooling and power usage to improve energy efficiency. AI is enabling newer ways to solve these problems and we are super excited about the future possibilities.

Link:
India should intensify its efforts in quantum computing research - BusinessLine

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