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Crypto Analyst Says Surging Altcoin Is Easy Set and Forget Play, Flips Bullish on Ethereum, A… – The Daily Hodl

As cryptocurrency markets pick up steam, a popular trader is not only feeling bullish on Ethereum (ETH), Aave (AAVE), and Avalanche (AVAX), but he claims that one altcoin in particular is an easy play for traders.

Pseudonymous crypto trader and analyst Smart Contracter shares with his 161,100 Twitter followers that the smart contract platform Solana (SOL) is an easy set and forget play that looks ready to repeat Bitcoins bull run in December 2020, which saw it double in just over a month despite already being at an all-time high.

$SOL easily going to $200 [in my opinion], probably higher.

This really does feel like an easy set and forget long-term play, path of least resistance is up.

Taking a look at ETH, Smart Contracter contends that its monthly close looks much stronger than Bitcoin.

BTC monthly close VS ETH monthly close.

I dont know fam, ETH [definitely] looks stronger to me.

Stacked up against Bitcoin, the trader notes that ETH signaled a breakout above resistance on its daily chart, which is typically indicative of further bullish momentum.

$ETH/BTC double bottom confirmed breakout on todays daily close.

As for decentralized lending platform AAVE, Smart Contracter points out that it recently broke out of its bearish downtrend, citing the upcoming release of Arbitrum, a new blockchain scaling method for Ethereum, as a potential catalyst.

Aave breaking out, [easy] long [in my opinion], maybe Arbitrum is the catalyst?

Finally, the trader highlights the smart contract platform AVAX. He notes that its $39 price point is a prime long buying opportunity, and that all-time highs appear to be just around the corner for the crypto asset.

Prime spot for an $AVAX long in my opinion, all late longers [will be blown out].

All-time highs still on the table

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It’s Time to Plug Into the Altcoin Arrival – InvestorPlace

I woke up on Monday morning, had a cup of coffee, and then nearly spit it out when an altcoin push notification came across the top of my phone. That notification read:

Celo (CELO) is up 105%

Now, for those who are unaware, our most exclusive altcoin research service Ultimate Crypto added the token Celo (CELO) to its portfolio of explosive altcoins on July 22. The price? Just $2.35.

About a month later, on Monday morning, it crossed above $10.50. Thats a 350% return in a month.

Now, Im not saying this to brag. Rather, Im saying this show you the veracity of the current cryptocurrency breakout!

About a dozen altcoins have more than doubled over the past 30 days. Five have more than tripled. One has risen by nearly 5X.

The whole cryptocurrency market is on fire and naturally, you have to ask yourself: Why?

The answer is astonishingly simple: Because everyone is using cryptos these days, and because every investor wants a piece of the action, even the big boys on Wall Street.

On the first point, you have to remember that sometimes, in financial markets, asset prices go up and down for no good reason. So, while you mightve looked at the Bitcoin chart this past summer and assumed cryptos were dying, the exact opposite was happening.

Altcoin usage was soaring!

According to Chainalysis, a leading blockchain data analytics firm, worldwide adoption of cryptos and altcoins is growing by 880% year-over-year in 2021. Thats based on the value and volume of all cryptos being exchanged in the world.

This data isnt isolated. According to a report released last month by Crypto.com, the number of crypto and altcoin users in the world more than doubled from January (106 million users) to June (221 million users).

Get the point?

While Bitcoin prices were plunging, the everyday consumers usage of cryptos to either buy something, sell something, or trade something was sharply rising.

The fundamentals of Bitcoin never changed. In fact, they only improved throughout the summer. The asset price decline, then, was nothing more than near-term noise in a long-term uptrend and, ultimately, a great buying opportunity.

Of course, that is exactly what the smart money did: They bought the dip in cryptos this summer, and now, theyre profiting big-time.

Software analytics firm MicroStrategy bought a whole bunch of Bitcoin this summer. They now own about 4,000 coins for total market value of ~$180 million.

Morgan Stanley acquired about 6.5 million shares in the Grayscale Bitcoin Trust (GBTC) this summer.

Billionaire investor Bill Miller picked up about 1.5 million shares of the same trust.

Coinbase is gearing up to add $500 million worth of crypto assets to its balance sheet.

Again, the point here is obvious. Big Tech companies Big banks Big investors Big hedge funds Theyre all loading up on Bitcoin.

So we come full circle to why the whole crypto and altcoin market is on fire right now and the answer is so simple.

Everyones using crypto. Everyones buying crypto. Crypto prices are soaring. Its really that simple.

Of course, the million-dollar question is whether this is sustainable. The answer there, too, is simple: it absolutely is sustainable.

Lets go back to the core idea of cryptos. They serve to disintermediate inefficient, corrupt, and expensive economic systems, and replace them with faster, fairer, and freer versions.

Of course, that means cryptocurrency projects have the most value where the incumbent economic systems are the most inefficient, the most corrupt, and most expensive. That would be in developing economies, like certain parts of Asia and South America, where the governments have a long history of utilizing centralized economic systems to oppress the masses.

It should be no surprise, then, that the aforementioned Chainalysis report found that the three highest countries with the most robust cryptocurrency adoption are all located in Asia and have a history of government oppression: Vietnam, India, and Pakistan.

That means cryptos are working. Not just as an asset class to make you rich. But as a technology platform to improve the lives of people around the globe.

Why else would the peoples of Vietnam, India, and Pakistan be using cryptos so much? Theyre not in it for a quick buck to retire early. Theyre in it to fundamentally reshape their societies to be better for everyone.

This reality gives us confidence that regardless of where the prices of Bitcoin and altcoins trend over the next few months, these projects will survive this volatility and proceed to change the world.

Long-term investors who can stomach the volatility and keep their focus on the big picture will score enormous returns.

Indeed, they already have. As I mentioned earlier, a dozen cryptos have already doubled over the past 30 days and two of them were added to our Ultimate Crypto portfolio before they doubled.

Ill stop there because Im being redundant, and simply sum it up like this

Want to make big money in the financial markets over the long run? Plug into cryptos and dont plug out.

Click here to get plugged in.

On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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Altcoins are the alternative digital currencies to bitcoin – here’s what they are and how they work – Markets Insider

The altcoin market is a new and unstable one, so potential investors should consider the risks before investing in any one type of altcoin.

Shutterstock; Rachel Mendelson/Insider

Since the emergence of Bitcoin, the concept of a decentralized, trustless peer-to-peer (P2P) payment network has inspired an entire class of digital assets. The crypto markets are a product of Bitcoin's success, and the fast-growing space consists of more than 9,000 altcoins.

Now we have altcoins, which began to emerge in 2011 in an attempt to reinvent Bitcoin, with their own rules and improvements on different features.

Altcoin is a cryptocurrency alternative to Bitcoin - its name is a portmanteau of "alternative" and "coin." Since Bitcoin is widely regarded as the first of its kind, new cryptocurrencies developed after are viewed as alternative coins - or altcoins. The emergence of altcoins began around 2011, with the first generation formed using the same blockchain engine as Bitcoin.

The first altcoin was Namecoin, which is based on Bitcoin's code and was released in April 2011. Namecoin is integral to the history of altcoins in that it showed that there's enough room in the crypto markets for more than one kind of coin.

Blockchains today can run several hundreds of "altcoins," fueling similar currency projects with unique rules and mechanisms. Altcoins like Ethereum can provide developers with a toolkit and programming language to build decentralized applications into the blockchain.

To understand how altcoins work, it's good to first understand how blockchain technology works - which is where all cryptocurrencies operate.

The blockchain network is a distributed ledger that stores data like cryptocurrency transactions, NFT ownership, and decentralized finance (DeFi) smart contracts. This ledger is often referred to as a "chain" comprising "blocks" of data, which are used to verify new data before additional blocks can be added to the ledger.

This network, on which Bitcoin operates, is groundbreaking because it's a decentralized, trustless, P2P payment network that functions without a central authority or entity facilitating transactions. And altcoins function on the exact same premise as Bitcoin: to operate using this blockchain technology.

However, there have been some altcoins that have emerged to instead improve on the flaws of Bitcoin or to achieve some other goal. For example, Litecoin was designed by former Google engineer Charlie Lee as a "lite version of Bitcoin."

A fork refers to an update in network protocol (the open source software blockchains run on). There are two kinds of forks: a hard fork and soft fork. A soft fork is a minor upgrade to the software, and typically means nothing for users. A hard fork is a major change to the network, and requires users/miners to update to the latest software in order to continue mining. If developers decide they do not like the direction a blockchain network is going in, they can do a hard fork and create a new coin. Since 2009, Bitcoin has seen over 400 hard forks.

In the news: In the past year, crypto and celebrity influencers have come under fire for promoting cryptocurrencies. Even social media platforms like TikTok have banned crypto promoters from the platform.

Here are the two key things to know about altcoins.

Altcoins are a highly speculative and volatile investment. Speculation is a powerful driver of the crypto markets so it's important to do your research before investing in any altcoin. Half-baked whims and trading based on rumors are exactly what the experts advise against.

"An emerging technology like crypto is going to attract people of ill-repute who are looking to make a quick buck off of the new investor," says Ben Armstrong, founder of BitBoy Crypto. "So it's important to be cautious and not fall for the hype of a slick new project, or get FOMO when you see a crypto asset making new all-time highs."

The decentralized, intangible, and often misunderstood nature of cryptocurrencies in general makes predicting the long-term, steady success of an altcoin project difficult to predict. Some altcoins, like Ethereum, have maintained their position in the market through constant innovation and the strength of their community. Speculation has a more dramatic effect on newer altcoins. External factors like public perception, Bitcoin price fluctuation, or a meme on Reddit can oftentimes cause drastic price fluctuations.

While the crypto community stands united on its long-term bullish outlook for Bitcoin, the temptation of selling coins for short-term profits is built into the crypto zeitgeist. The crypto community created the term "hodl" in an effort to encourage people to hold on to their crypto assets for the long-term. "Hodl" means "hold on for dear life," and to resist the impulse of selling when the value of their crypto drops or rises.

Quick tip: Smart contracts are programs that are stored on blockchain that execute when certain conditions are met.

Cryptocurrency takes a toll on the environment. Bitcoin's energy consumption is a well-known flaw. As of August 2021, Bitcoin's energy consumption is 151.57 TWh according to Digiconomist's Bitcoin Energy Consumption Index - that's comparable to what the entirety of Malaysia uses in energy.

The culprit for the tremendous costs of energy lies with the "proof of work" (PoW) consensus algorithm, which is how transactions are verified. And as Bitcoin mining has become more competitive, the computing power required to profitably mine new bitcoins is represented in factories loaded with servers all working toward solving the network's algorithms.

The PoW consensus mechanism is responsible for driving the competition for faster and more powerful computational processing power. The faster a miner's computer can complete the formula, the higher their odds of winning a block reward. Over time, miners have developed computer hardware with the sole function of processing the PoW consensus algorithm.

This has evolved from a miner running a program in the background of their PC to entire mining farms. Miners (or a pool of miners) will buy factories in countries where electricity is cheap and fill them with thousands of mining rigs. The energy required to keep the rigs running 24/7, combined with the fans and coolant systems to prevent overheating and fires, has made crypto mining an environmental disaster.

Bitcoin's carbon footprint has provided an opportunity for altcoins with greener consensus mechanisms to market themselves as "green coins." While proof of work is the main culprit for the Bitcoin energy crisis, blockchains like Ethereum and Cardano (ADA) operate on proof of stake consensus mechanisms. Compared to the energy-hungry PoW, staking requires no mining in order to participate and earn coins. The success of Ethereum and Cardano prove that people can participate in crypto while being environmentally friendly.

Quick tip: Proof of work is the consensus mechanism used by Bitcoin and many other altcoins to audit transactions on the blockchain and "mine" new crypto. Crypto mining is solving computational formulas to audit transactions on the blockchain. Completing the formula means a chance at receiving a newly minted BTC reward.

Over time, there have been many altcoins that have come along. And now, there are the main types:

Quick tip: One of the main benefits of blockchain technology is transparency. If something is on the blockchain, it means it is visible, permanent, and accessible to the public. On-chain typically refers to a transaction that is performed and recorded on the blockchain. Off-chain is a transaction not directly recorded on the blockchain.

Staking is the passive-investing strategy where an investor holds funds in a cryptocurrency wallet in order to earn rewards over time. When an investor chooses to stake their holdings, the network can use it to forge new blocks on the blockchain. The process of staking supports the process of PoS work because it requires participants to support it. And so stakers are essentially helping to make this happen.

Also, staking is incredibly energy-efficient - unlike mining. According to the Ethereum Foundation, the latest switch to a PoS system will reduce energy costs by 99.95%.

While no altcoin has managed to "dethrone" Bitcoin in value, many projects have proved themselves worthy enough to a global community of investors and developers:

Rachel Mendelson/Insider

The second-largest blockchain in crypto, Ethereum's evolution has taken it from an asset to an application. Founded by Vitalik Buterin in 2013, Ethereum is a distributed blockchain platform for smart contracts and dApps (decentralized applications). With its native token, ether (ETH), users can interact with the Ethereum platform. Ether can be traded on most crypto exchanges, used to pay transaction fees, or as collateral for ERC-20 tokens, which have DeFi utility.

Ethereum's integration with smart contracts via the Solidity programming language has distinguished the project from Bitcoin. A smart contract is a self-executing code that can run on the blockchain.

Rachel Mendelson/Insider

Launched officially in 2019 on the Ethereum blockchain, Chainlink is a decentralized oracle network that's meant to expand on smart contracts. In a nutshell, it connects smart contracts with "off-chain" data and services. The network is built around the LINK network and token and has two parts: on-chain and off-chain.

The on-chain component comprises oracle contracts on the Ethereum blockchain, which oversee and process data requests that come in from users. The off-chain component is made up of off-chain oracle nodes that connect to the Ethereum network, which are responsible for processing external requests that are later converted to contracts.

Rachel Mendelson/Insider

The AAVE is an open-source DeFi lending protocol that allows anyone to loan or borrow crypto without an intermediary. As a lender, you can deposit funds - which are allocated into a smart contract - where you can earn interest based on how Aave is performing in the market. Making a deposit means you can also borrow by using your deposit as collateral.

Rebranded from ETHLend following a successful ICO in 2017, Aave switched from a decentralized P2P lending platform into a liquidity pool model. This means loans are acquired from a pool instead of an individual lender. Since 2020, the Aave Protocol has been an open-source and non-custodial liquidity DeFi protocol for earning interest on deposits and borrowing assets. Holders of AAVE can decide on the direction of the project by voting on and discussing proposals.

Rachel Mendelson/Insider

Stellar is an open-source payment network that doubles as a distributed intermediary blockchain for global financial systems, designed so all the world's financial systems can work together on a single network. Stellar began in 2014 when Ripple co-founder Jed McCaleb disagreed with the direction of the Ripple project. The ethos behind Stellar's development is to make international money transfers possible for the everyday person.

While Stellar is an open-source network for currencies and payments, Stellar Lumens (XLM) is the circulating native asset on the network. Stellar keeps its ledger in sync using its Stellar Consensus Protocol (SCP). Instead of relying on a miner network, SCP uses the Federated Byzantine Agreement algorithm, enabling faster transactions.

Rachel Mendelson/Insider

Uniswap is a decentralized exchange ecosystem built on the Ethereum blockchain. Launched in 2018, Uniswap uses an on-chain automated market maker. One of Uniswap's unique features is that anyone can be a market maker by depositing their assets into a pool and earning fees based on trading activity.

Uniswap uses an automated market maker protocol that executes trades according to a series of smart contracts. The smart contracts automate price discovery, allowing users to swap one token for another without an intermediary. In traditional finance, market makers are usually brokerage houses with incentives that can cause a conflict of interest.

Rachel Mendelson/Insider

PotCoin is a Canadian-based digital currency that was launched in 2014 to allow consumers to buy and sell legal cannabis products. PotCoin was introduced as a solution for cannabis enthusiasts and the industry looking to legally transact at a time where banks were unable to do so.

PotCoin is an open source cryptocurrency forked from the Litecoin core. There are subtle changes to the PotCoin protocol including a shorter block generation time and the increased 420 million max supply of PotCoins. Potcoin switched from a Proof of Work mechanism to Proof of Stake in 2016 to make supporting the network more accessible and less harmful to the environment.

Rachel Mendelson/Insider

One of the first-generation of altcoins made in 2011, Litecoin is a cryptocurrency based off of Bitcoin. Key things that distinguish Litecoin from Bitcoin include blocktime (four times faster block times than Bitcoin), supply (Litecoin has a max supply of 84 million while Bitcoin max supply of 21 million), its hashing algorithm, and distribution.

Dubbed the "digital silver" to Bitcoin's "digital gold," Litecoin's goal was to optimize the Litecoin asset while preserving the best parts of Bitcoin.

Quick tip: The ERC-20 standard is a set of rules applied to smart-contract tokens on the Ethereum blockchain. The flexibility and fungibility of the ERC-20 token allows dApp developers to create utility tokens, security tokens, or stablecoins.

Altcoins have come a long way since 2011, and continue to prove themselves as more than just an "alternative to Bitcoin." The crypto space is a fast-moving and increasingly popular point of interest for investors. Thanks to the innovation and integration of crypto into mainstream business, people can safely and legally buy altcoins on their phone or computer.

Easy access to the crypto markets doesn't mean it isn't risky. Before investing in an altcoin, ask yourself: have you researched and performed enough due diligence? Would you be able to explain the project to your family or friends at the dinner table? Whether you want to trade altcoins full-time or just "hodl" onto your Bitcoin, the choice is yours. Listening to the experts, evaluating the risks, and assessing your financial goals are keys to investing responsibly.

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These 2 altcoins are leaving Bitcoin in the dust this week – The Motley Fool Australia

Image source: Getty Images

Bitcoin (CRYPTO: BTC) is likely the first word youll hear if you ask anyone about cryptocurrencies.

Thats because Bitcoin holds the claim of being the worlds first crypto. It was launched all the way back in 2009 by someone (or a group of folks) going by the name of Satoshi Nakamoto.

Fast forward 12 years and Bitcoin still has by far the largest market cap of any digital token, currently US$929.3 billion.

Thats more than twice its closest rival, Ethereum (CRYTPO: ETH), which has a market valuation of US$442.2 billion.

But its not Bitcoin or Ether driving a fresh wave of FOMO among crypto investors. Its the fast-rising altcoins these investors are hoping to make rapid gains from.

Altcoins, if youre not familiar, simply refer to any cryptocurrency thats not Bitcoin. And altcoins can potentially soar in price in a matter of hours. And, of course, they can fall just as quickly.

With that precaution in mind, we look at the top-performing altcoin over the past 24 hours and the top weekly performer.

First, the best performer of the past 7 days is Arweave (CRYPTO: AR).

Arweave is up 134% over the past week, compared to a 3% gain for Bitcoin. That comes despite Arweave tumbling 10% over the past 24 hours. (Theres that stomach-churning volatility for you.)

At the current price, the token has a market valuation of US$2.0 billion.

So what the heck does Arweave do? According to CoinMarketCap:

Arweave is a decentralised storage network that seeks to offer a platform for the indefinite storage of data. Describing itself as a collectively owned hard drive that never forgets, the network primarily hosts the permaweb a permanent, decentralised web with a number of community-driven applications and platforms.

Moving on to the best daily performer, we have FTX Token (CRYPTO: FTT).

FTT is up 41% since this time yesterday, giving it a current market valuation of US$6.5 billion.

CoinMarketCap tells us that, FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019.

Its currently trading at all-time highs of US$68.84, having just rocketed past the previous record high of US$61.25, set on 8 May this year.

Now, if youre feeling that old FOMO itching, Ill also point out that by 25 June it had fallen to US$23.36, a loss of more than 62%.

Taking a look beyond just Bitcoin, Yoni Assia, CEO of online exchange eToro said (quoted by Bloomberg):

Theres no doubt that theres a lot of excitement in crypto. You can definitely see it within the numbers in the industry, whether its looking at total volumes or looking at growth of companies Weve seen a lot of exuberance in the market.

Sam Bankman-Fried, CEO of crypto exchange FTX said: Theres generally been pretty positive crypto sentiment recently. NFTs have helped lead the revival, and the crash from May is further in the rearview mirror.

Michael ORourke, chief market strategist at Jones Trading, noted the record levels of global government stimulus and sounded the following words of caution:

With all of this money floating around, we should not be surprised that there are people paying exorbitant amounts of money for digital pet rocks and an endless amount of other digital assets that can be easily created.

Digital pet rocks? Or digital gold?

The jury remains out on that question.

But there is no question that Bitcoin and altcoins can lose value just as quickly, or quicker, than they can potentially gain it.

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These 2 altcoins are leaving Bitcoin in the dust this week - The Motley Fool Australia

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New vortex beams of atoms and molecules are the first of their kind – Science News Magazine

Like soft serve ice cream, beams of atoms and molecules now come with a swirl.

Scientists already knew how to dish up spiraling beams of light or electrons, known as vortex beams (SN: 1/14/11). Now, the first vortex beams of atoms and molecules are on the menu, researchers report in the Sept. 3 Science.

Vortex beams made of light or electrons have shown promise for making special types of microscope images and for transmitting information using quantum physics (SN: 8/5/15). But vortex beams of larger particles such as atoms or molecules are so new that the possible applications arent yet clear, says physicist Sonja Franke-Arnold of the University of Glasgow in Scotland, who was not involved with the research. Its maybe too early to really know what we can do with it.

In quantum physics, particles are described by a wave function, a wavelike pattern that allows scientists to calculate the probability of finding a particle in a particular place (SN: 6/8/11). But vortex beams waves dont slosh up and down like ripples on water. Instead, the beams particles have wave functions that move in a corkscrewing motion as a beam travels through space. That means the beam carries a rotational oomph known as orbital angular momentum. This is something really very strange, very nonintuitive, says physicist Edvardas Narevicius of the Weizmann Institute of Science in Rehovot, Israel.

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Narevicius and colleagues created the new beams by passing helium atoms through a grid of specially shaped slit patterns, each just 600 nanometers wide. The team detected a hallmark of vortex beams: a row of doughnut-shaped rings imprinted on a detector by the atoms, in which each doughnut corresponds to a beam with a different orbital angular momentum.

Another set of doughnuts revealed the presence of vortex beams of helium excimers, molecules created when a helium atom in an excited, or energized, state pairs up with another helium atom.

Next, scientists might investigate what happens when vortex beams of molecules or atoms collide with light, electrons or other atoms or molecules. Such collisions are well-understood for normal particle beams, but not for those with orbital angular momentum. Similar vortex beams made with protons might also serve as a method for probing the subatomic particles mysterious innards (SN: 4/18/17).

In physics, most important things are achieved when we are revisiting known phenomena with a fresh perspective, says physicist Ivan Madan of EPFL, the Swiss Federal Institute of Technology in Lausanne, who was not involved with the research. And, for sure, this experiment allows us to do that.

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New vortex beams of atoms and molecules are the first of their kind - Science News Magazine

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New Physics Experiment Indicates There’s No Objective Reality – Interesting Engineering

Someone once said: "The world is all that is the case."

But, is it?

Researchers performing a long-awaited experiment created different realities that are irreconcilable, proving that objective facts can be made to exhibit properties that cannot cohere, according to a recent study shared on a preprint server.

Sound confusing? You're not alone in thinking so, as this all involves some pretty complicated physics. But in short, the takeaway is this: Reality is at odds with itself.

Nobel Prize-winner Eugene Wigner described a thought experiment in 1961 that highlighted an uncommon paradox of quantum mechanics. Specifically, it reveals the strangeness of the universe when two observers, like Wigner and his friend, observe two distinct realities. Since the thought experiment, physicists have used it to explore the very nature of measurement, in addition to the bizarre idea of whether objective facts actually exist or not. This is a pretty crucial feature of science, since empirical inquiry works to establish objective facts.

But if there aren't any facts, how can science presume to describe a real world in the first place?

For decades (and philosophically, much longer), this has served as a great bit for entertaining dinner guests, but Wigner's thought experiment wasn't really anything more than that. Until now.

In 2020, physicists realized that recent quantum technology advances had made it possible to create Wigner's Friend test in a real-world experiment. In essence, we can create different realities, and compare them in a lab to see if they can be reconciled, or cohere, in one system. And researcher Massimiliano Proietti of Heriot-Watt University, Edinburgh, along with a handful of researchers, said they performed this long-awaited experiment for the first time: Creating distinct realities, compare-and-contrasting them, and discovering that they are, in fact, irreconcilable.

Wigner's initial thought experiment was simplistic in principle, starting with a single polarized photon that can have either vertical or horizontal polarization, upon measuring. The laws of quantum mechanics hold that a photon exists in both states of polarization simultaneously, in what's called superposition. In his thought experiment, Wigner imagined a friend measuring the state of a photon in a different lab and recording the result while Wigner watched from afar. He has no clue what his friend's measurement is, and is thus forced to assume that the photon and its measurement are in a state of superposition of every possible outcome for the experiment.

Wigner can say, however, that the "fact" of the superposition's existence is real. And, strangely, this state of affairs suggests that the measurement can't have taken place. Obviously, this stands in direct contradiction to Wigner's friend's point-of-view, who just measured and recorded the photon's polarization. He can even call Wigner and tell him the measurement was taken, without revealing the results. This means there are two realities at odds with one another, and it "calls into question the objective status of the facts established by the two observers," explained Proietti and colleagues, in an MIT Technology Review report.

And the new research reproduced Wigner's thought experiment by using entanglement techniques for many particles at the same time.

This is a breakthrough experiment from Prioretti and his colleagues. "In a state-of-the-art 6-photon experiment, we realize this extended Wigner's friend scenario," they added in the report. And it raised some baffling questions that have forced physicists to confront the nature of reality. There might be a loophole to some assumptions that made this unknowable reality conclusion necessary, but if everything holds up to future scrutiny, it turns out reality does not exist.

So the next time your friends think something is or isn't the case, consider interjecting with an argument from quantum physics: they're both wrong, and so are you, because even the simple fact of the disagreement itself isjust another illusion.

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New Physics Experiment Indicates There's No Objective Reality - Interesting Engineering

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Could There Be More Than One Dimension of Time? – Interesting Engineering

It has long been proposed that when our universe came to fruition, three dimensions of space and one dimension of time sprang forth from the big bang: the event that made everything we see around us - from the hydrogen and helium that fuse to make stars and help planets coalesce, to black holes and galaxies, and even our own existences - possible,

However, there has been some debate over the traditional belief that the universe didn't just manifest three dimensions of space and one of time. In fact, throwing a couple of extra dimensions into the mix actually solves several of the more tricky problems we're still working to make sense of within the framework of the standard model of physics.

So could our universereallyhave more than one dimension of time?

Put away your hat, make sure your restraints are secure, and hold on tight: This is going to be an interesting (and pretty complex) ride through physics.

Einstein is responsible for much of what we know about how the universe works on a macroscale. His theories of general and special relativity play a big role in shaping our understanding of physics as a whole, but string theory and quantum physics, which are very important to the discussion we are about to have, were still in their infancy when Einstein died. Since then, both have become fully fleshed hypotheses, but there are certain aspects of both that cannot be reconciled with Einstein's work. Before we get into all that fun stuff, what is a dimension, and how do we know they exist?

Let's start with the three dimensions we deal with in our everyday lives: they can be summarized as length, width, and height, A straight line would be considered one dimensional. It merely has length, but no thickness, and it can travel forever in both directions. Two-dimensional objects, for example, something flat like a circle, or a square, have width and height, but no depth or "thickness" to them. Anything that has length, width, and height is considered three-dimensional, Time, as we know, is the somewhat more elusive fourth dimension... hence why the fabric of the universe is formally called spacetime instead of just plain 'ole space.

This is where the discussion of string theory comes into play.

Traditional physics asserts that the universe is comprised of 3 spatial dimensions and one temporal dimension. The universe itself is mostly empty by volume, but what we can observe is thought to be only around 5 percent of "normal matter" (think protons, electrons. neutrons, quarks, etc.), roughly 27 percent is made up of something called dark matter, while the remaining 68 percent is attributable to a mysterious unknown force believed to be causing the universe to expand, known as dark energy.

String theory, in the simplest possible terms, tells us to imagine that the very fabric of the universe and everything in it is not composed of point-like particles, but rather, it is comprised of incomprehensibly tiny strings - much smaller than even the smallest atom.

These strings are vibrating at their own special frequencies, making it conceivable that what we perceive to be point-like particles are actually not particles at all, but strings so tiny, they are "just 10^33 centimeters long. Written the long way, that would be a decimal point followed by 32 zeroes and then a 1. Some have theorized that the length of a string would have the same ratio to the diameter of a proton as the proton has to the diameter of the solar system.

There are two different types of these strings: one is open and the other is closed - though both are too small to be observed by current technology. As the name suggests, open strings are like wavy lines that don't touch ends, whereas the opposite is true for closed strings - they form loops and do not have open ends.

However, in order for string theory to work, mathematics dictates that many additional dimensions of space and time must exist. Should we find proof of these other dimensions, and should the number of extra dimensions range from 10 to 26, it would not only change our very understanding of quantum physics, but we'd be one step closer to creating a cohesive and credible "theory of everything." One that would be in agreement with both quantum physics and macrophysics - like the forces of nature and gravity, which is no easy feat.

As per usual, a lot of these theoretical arguments circle back around to Einstein's work. Ignoring Einstein's belief time mightsimply be a really elaborate illusion, the question as to whether there could be additional dimensions of time is a firm maybe. In fact, through studying how the fundamental forces of nature and the laws of physics are affected by time, some astronomers believe that throwing in at least one extra dimension of time would solve one of the biggest remaining cosmological bugaboos.

You see, we still don't know exactly what gravity is, or how itfully affects matter seen and unseen. Our best guess, once again an Einsteinian theory, says that gravity is theforce created by the warping of spacetime. The larger the object is, the more it warps the spacetime around it, and the stronger its gravitational pull becomes. That would be all well and good if we didn't have to marry our theories of gravity with quantum theory, but we do, and therein lies the problem.

Our current understanding of gravity is simply not consistent with other elements of quantum mechanics. The remaining forces of nature -the electromagnetic force and the strong and weak nuclear forces - all fit into the framework of the micro-universe, but not gravity.It is hoped that maybe string theory can help solve that mystery. At least one physicist argues that time isn't merely one-dimensional.

Itzhak Bars, atheoretical physicist from USC College, told NewScientist,There isnt just one dimension of time, there are two. One whole dimension has until now gone entirely unnoticed by us.

He also described how extra dimensions of space could exist 'in plain sight' saying, "Extra space dimensions aren't easy to imagine in everyday life, nobody ever notices more than three. Any move you make can be described as the sum of movements in three directions up-down, back and forth, or sideways. Similarly, any location can be described by three numbers (on Earth, latitude, longitude, and altitude), corresponding to spaces three dimensions. Other dimensions could exist, however, if they were curled up in little balls, too tiny to notice. If you moved through one of those dimensions, youd get back to where you started so fast youd never realize that you had moved."

An extra dimension of space could really be there, its just so small that we dont see it,

Have you made it thisfar? Congratulations. The conclusion is worth wading through all these complicated ideas.

Physics mostly argues that time must be a dimension, but there are certainly physicists that believe time is just a human construct. Others argue there must be more dimensions of time than previously believed. What would that mean for physics, should this be true?

Well, for Bars, it would mean, "The green light to the idea of time travel. If time is one-dimensional, like a straight line, the route linking the past, present, and future is clearly defined. Adding another dimension transforms time into a two-dimensional plane, like a flat sheet of paper. On such a plane, the path between the past and future would loop back on itself, allowing you to travel back and forwards in time. That would permit all kinds of absurd situations, such as the famous grandfather paradox. In this scenario, you could go back and kill your grandfather before your mother was a twinkle in his eye, thereby preventing your own birth."

Two-dimensional time gives every appearance of being a non-starter. Yet in 1995, when Bars found hints in M-theory (a theory that unifies all consistent versions ofsuperstring theory) that an extra time dimension was possible, he was determined to take a closer look. When he did, Bars found that a key mathematical structure common to all 11 of the posited dimensions in M-theory (10 dimensions of space and 1 of time) remained intact when he added an extra dimension. On one condition, says Bars. The extra dimension had to be time-like.

What do you think about string theory, quantum gravity, and extra dimensions of time?

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Could There Be More Than One Dimension of Time? - Interesting Engineering

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Quantum crystal could reveal the identity of dark matter – Livescience.com

Using a quirk of quantum mechanics, researchers have created a beryllium crystal capable of detecting incredibly weak electromagnetic fields. The work could one day be used to detect hypothetical dark matter particles called axions.

The researchers created their quantum crystal by trapping 150 charged beryllium particles or ions using a system of electrodes and magnetic fields that helped overcome their natural repulsion for each other, Ana Maria Rey, an atomic physicist at JILA, a joint institute between the National Institute of Standards and Technology and the University of Colorado Boulder, told Live Science.

Related: The 18 biggest unsolved mysteries in physics

When Rey and her colleagues trapped the ions with their system of fields and electrodes, the atoms self-assembled into a flat sheet twice as thick as a human hair. This organized collective resembled a crystal that would vibrate when disturbed by some outside force.

"When you excite the atoms, they don't move individually," Rey said. "They move as a whole."

When that beryllium "crystal" encountered an electromagnetic field, it moved in response, and that movement could be translated into a measurement of the field strength.

But measurements of any quantum mechanical system are subject to limits set by the Heisenberg uncertainty principle, which states that certain properties of a particle, such as its position and momentum, can't simultaneously be known with high precision.

The team figured out a way to get around this limit with entanglement, where quantum particles' attributes are inherently linked together.

"By using entanglement, we can sense things that aren't possible otherwise," Rey said.

In this case, she and her colleagues entangled the motions of the beryllium ions with their spins. Quantum systems resemble tiny tops and spin describes the direction, say up or down, that those tops are pointing.

When the crystal vibrated, it would move a certain amount. But because of the uncertainty principle, any measurement of that displacement, or the amount the ions moved, would be subject to precision limits and contain a lot of what's known as quantum noise, Rey said.

To measure the displacement, "we need a displacement larger than the quantum noise," she said.

Entanglement between the ions' motions and their spins spreads this noise out, reducing it and allowing the researchers to measure ultra-tiny fluctuations in the crystal. They tested the system by sending a weak electromagnetic wave through it and seeing it vibrate. The work is described Aug. 6 in the journal Science.

The crystal is already 10 times more sensitive at detecting teensy electromagnetic signals than previous quantum sensors. But the team thinks that with more beryllium ions, they could create an even more sensitive detector capable of searching for axions.

Axions are a proposed ultralight dark matter particle with a millionth or a billionth the mass of an electron. Some models of the axion suggest that it may be able to sometimes convert into a photon, in which case it would no longer be dark and would produce a weak electromagnetic field. Were any axions to fly through a lab containing this beryllium crystal, the crystal might pick up their presence.

"I think it's a beautiful result and an impressive experiment," Daniel Carney, a theoretical physicist at Lawrence Berkeley National Laboratory in Berkeley, California, who was not involved in the research, told Live Science.

Along with helping in the hunt for dark matter, Carney believes the work could find many applications, such as looking for stray electromagnetic fields from wires in a lab or searching for defects in a material.

Originally published on Live Science.

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Quantum crystal could reveal the identity of dark matter - Livescience.com

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It’s not just Texas. The faux panic and textbook wars fit into a long history – CNN

I inwardly breathe a weary, cyclone-force sigh whenever I hear the words "critical race theory."

"This is very clearly an attack on diversity, equity (and) inclusion. It very much feels like a political overreach based on misinformation," Ana Ramn, deputy director of advocacy at the Intercultural Development Research Association, told CNN's Nicole Chavez. "Teaching critical race theory in K-12 would be like teaching quantum physics in K-12. ... There's no curriculum that has been adopted in Texas classrooms."

Maybe the most disturbing thing about the tub-thumping about CRT (which, it's worth repeating, isn't taught in grade school) is that the core impulse is hardly new -- but instead fits into a long, messy history of fights over classroom instruction. As students return to school, adults could benefit from more context about what's going on.

Here's what these ever-simmering battles reveal about the US's socio-political anxieties over, among other things, race, gender and immigration.

How did the backlash to CRT creep into schools?

Republicans trust that playing up these conflicts will be electorally useful to them, as they train their attention on the 2022 midterms and beyond.

The orchestrated attack on CRT takes a toll on teachers, staff and students.

It isn't a stretch to say that the current struggle over how schools teach not just history but the ways history moves in the present might affect students' understanding of the world around them for years to come.

Is this the first time the political right has freaked out over learning about race and racism?

No. This dispute has existed in a variety of forms since at least the 1800s.

Have there been education disputes over things other than race?

Afraid so.

For instance, World War I set off a burst of xenophobia aimed not only at German immigrants and Americans of German descent but also at the German language. Senator William H. King of Utah introduced a bill to ban teaching German in Washington's public schools.

More specifically, the legislature, made up of a near-majority of Ku Klux Klan members, passed a law that banned the use in public schools of any textbook that "speaks slightingly of the founders of the republic, or of the men who preserved the union, or which belittles or undervalues their work."

"Fights in and about the classroom -- classroom wars -- formed a crucial crucible in which the powerful political notion of 'family values' was contested and constructed," she writes.

So while the present-day backlash to CRT might feel unique, really, it's not. It's just the latest iteration of an age-old tendency to turn the classroom into a battlefield.

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It's not just Texas. The faux panic and textbook wars fit into a long history - CNN

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Large-Scale Simulations Of The Brain May Need To Wait For Quantum Computers – Forbes

Will quantum computer simulations crack open our understanding of the biological brain?

Looking back at the history of computers, its hard to overestimate the rate at which computing power has scaled in the course of just a single human lifetime. But yet, existing classical computers have fundamental limits. If quantum computers are successfully built and eventually fully come online, they will be able to tackle certain classes of problems that elude classical computers. And they may be the computational tool needed to fully understand and simulate the brain.

As of this writing, the fastest supercomputer in the world is Japans Fugaku supercomputer, developed jointly by Riken and Fujitsu. It can perform 442 peta-floating-point operations per second.

Lets break that number down in order to arrive at an intuitive (as much as possible) grasp of what it means.

A floating-point number is a way to express, or write down, a real number - real in a mathematical sense - with a fixed amount of precision. Real numbers are all the continuous numbers from the number line. 5, -23, 7/8, and numbers like pi (3.1415926 ...) that go on forever are all real numbers. The problem is a computer, which is digital, has a hard time internally representing continuous numbers. So one way around this is to specify a limited number of digits, and then specify how big or small the actual number is by some base power. For example, the number 234 can be written as 2.34 x 102, because 2.34 x 100 equals 234. Floating point numbers specify a fixed number of significant digits the computer must store in its memory. It fixes the accuracy of the number. This is important because if you do any mathematical operation (e.g. addition, subtraction, division or multiplication) with the fixed accuracy version of a real number, small errors in your results will be generated that propagate (and can grow) throughout other calculations. But as long as the errors remain small its okay.

A floating point operation then, is any arithmetic operation between two floating-point numbers (abbreviated as FLOP). Computer scientists and engineers use the number of FLOP per second - or FLOPS - as a benchmark to compare the speed and computing power of different computers.

One petaFLOP is equivalent to 1,000,000,000,000,000 - or one quadrillion - mathematical operations. A supercomputer with a computing speed of one petaFLOPS is therefore performing one quadrillion operations per second! The Fugaku supercomputer is 442 times faster than that.

For many types of important scientific and technological problems however, even the fastest supercomputer isnt fast enough. In fact, they never will be. This is because for certain classes of problems, the number of possible combinations of solutions that need to be checked grow so fast, compared to the number of things that need to be ordered, that it becomes essentially impossible to compute and check them all.

Heres a version of a classic example. Say you have a group of people with differing political views, and you want to seat them around a table in order to maximize constructive dialogue while minimizing potential conflict. The rules you decide to use dont matter here, just that some set of rules exist. For example, maybe you always want to seat a moderate between a conservative and a liberal in order to act as a bit of a buffer.

This is what scientists and engineers call an optimization problem. How many possible combinations of seating arrangements are there? Well, if you only have two people, there are only two possible arrangements. One individual on each side of a table, and then the reverse, where the two individuals change seats. But if you have five people, the number of possible combinations jumps to 120. Ten people? Well, now youre looking at 3,628,800 different combinations. And thats just for ten people, or more generally, any ten objects. If you had 100 objects, the number of combinations is so huge that its a number with 158 digits (roughly, 9 x 10157). By comparison, there are only about 1021 stars in the observable universe.

Imagine now if you were trying to do a biophysics simulation of a protein in order to develop a new drug that had millions or billions of individual molecules interacting with each other. The number of possible combinations that would need to be computed and checked far exceed the capability of any computer that exists today. Because of how theyre designed, even the fastest supercomputer is forced to check each combination sequentially - one after another. No matter how fast a classical computer is or can be, given the literally greater than astronomical sizes of the number of combinations, many of these problems would take a practical infinity to solve. It just becomes impossible.

Related, the other problem classical computers face is its impossible to build one with sufficient memory to store each of the combinations, even if all the combinations could be computed.

The details of how a quantum computer and quantum computing algorithms work is well beyond the scope or intent of this article, but we can briefly introduce one of the key ideas in order to understand how they can overcome the combinatorial limitations of classical computers.

Classical computers represent information - all information - as numbers. And all numbers can be represented as absolute binary combinations of 1s and 0s. The 1 and 0 each represent a bit of information, the fundamental unit of classical information. Or put another way, information is represented by combinations of two possible states. For example, the number 24 in binary notation is 11000. The number 13 is 1101. You can also do all arithmetic in binary as well. This is convenient, because physically, at the very heart of classical computers is the transistor, which is just an on-off electrical switch. When its on it encodes a 1, and when its off it encodes a 0. Computers do all their math by combining billions of tiny transistors that very quickly switch back and forth as needed. Yet, as fast as this can occur, it still takes finite amounts of time, and all calculations need to be done in an appropriate ordered sequence. If the number of necessary calculations become big enough, as is the case with the combinatorial problems discussed above, you run into an unfeasible computational wall.

Quantum computers are fundamentally different. They overcome the classical limitations by being able to represent information internally not just as a function of two discrete states, but as a continuous probabilistic mixing of states. This allows quantum bits, or qubits, to have many more possible states they can represent at once, and so many more possible combinations of arrangements of objects at once. Put another way, the state space and computational space that a quantum computer has access too is much larger than that of a classical computer. And because of the wave nature of quantum mechanics and superposition (concepts we will not explore here), the internal mixing and probabilistic representation of states and information eventually converge to one dominant solution that the computer outputs. You cant actually observe that internal mixing, but you can observe the final computed output. In essence, as the number of qubits in the quantum computer increase, you can exponentially do more calculations in parallel.

The key concept here is not that quantum computers will necessarily be able to solve new and exotic classes of problems that classical computers cant - although computer scientists have discovered a theoretical class of problem that only quantum computers can solve - but rather that they will be able to solve classes of problems that are - and always will be - beyond the reach of classical computers.

And this isnt to say that quantum computers will replace classical computers. That is not likely to happen anytime in the foreseeable future. For most classes of computational problems classical computers will still work just fine and probably continue being the tool of choice. But for certain classes of problems, quantum computers will far exceed anything possible today.

Well, it depends on the scale at which the dynamics of the brain is being simulated. For sure, there has been much work within the field of computational neuroscience over many decades successfully carrying out computer simulations of the brain and brain activity. But its important to understand the scale at which any given simulation is done.

The brain is exceedingly structurally and functionally hierarchical - from genes, to molecules, cells, network of cells and networks of brain regions. Any simulation of the brain needs to begin with an appropriate mathematical model, a set of equations that capture the chosen scale being modeled that then specify a set of rules to simulate on a computer. Its like a map of a city. The mapmaker needs to make a decision about the scale of the map - how much detail to include and how much to ignore. Why? Because the structural and computational complexity of the brain is so vast and huge that its impossible given existing classical computers to carry out simulations that cut across the many scales with any significant amount of detail.

Even though a wide range of mathematical models about the molecular and cell biology and physiology exist across this huge structural and computational landscape, it is impossible to simulate with any accuracy because of the sheer size of the combinatorial space this landscape presents. It is the same class of problem as that of optimizing people with different political views around a table. But on a much larger scale.

Once again, it in part depends on how you choose to look at it. There is an exquisite amount of detail and structure to the brain across many scales of organization. Heres a more in depth article on this topic.

But if you just consider the number of cells that make up the brain and the number of connections between them as a proxy for the computational complexity - the combinatorial space - of the brain, then it is staggeringly large. In fact, it defies any intuitive grasp.

The brain is a massive network of densely interconnected cells consisting of about 171 trillion brain cells - 86 billion neurons, the main class of brain cell involved in information processing, and another 85 billion non-neuronal cells. There are approximately 10 quadrillion connections between neurons that is a 1 followed by 16 zeros. And of the 85 billion other non-neuronal cells in the brain, one major type of cell called astrocyte glial cells have the ability to both listen in and modulate neuronal signaling and information processing. Astrocytes form a massive network onto themselves, while also cross-talking with the network of neurons. So the brain actually has two distinct networks of cells. Each carrying out different physiological and communication functions, but at the same time overlapping and interacting with each other.

The computational size of the human brain in numbers.

On top of all that structure, there are billions upon billions upon billions of discrete electrical impulses, called action potentials, that act as messages between connected neurons. Astrocytes, unlike neurons, dont use electrical signals. They rely on a different form of biochemical signaling to communicate with each other and with neurons. So there is an entire other molecularly-based information signaling mechanism at play in the brain.

Somehow, in ways neuroscientists still do not fully understand, the interactions of all these electrical and chemical signals carry out all the computations that produce everything the brain is capable of.

Now pause for a moment, and think about the uncountable number of dynamic and ever changing combinations that the state of the brain can take on given this incredible complexity. Yet, it is this combinatorial space, the computations produced by trillions of signals and billions of cells in a hierarchy of networks, that result in everything your brain is capable of doing, learning, experiencing, and perceiving.

So any computer simulation of the brain is ultimately going to be very limited. At least on a classical computer.

How big and complete are the biggest simulations of the brain done to date? And how much impact have they had on scientists understanding of the brain? The answer critically depends on whats being simulated. In other words, at what scale - or scales - and with how much detail given the myriad of combinatorial processes. There certainly continue to be impressive attempts from various research groups around the world, but the amount of cells and brain being simulated, the level of detail, and the amount of time being simulated remains rather limited. This is why headlines and claims that tout ground-breaking large scale simulations of the brain can be misleading, sometimes resulting in controversy and backlash.

The challenges of doing large multi-scale simulations of the brain are significant. So in the end, the answer to how big and complete are the biggest simulations of the brain done to date and how much impact have they had on scientists understanding of the brain - is not much.

First, by their very nature, given a sufficient number of qubits quantum computers will excel at solving and optimizing very large combinatorial problems. Its an inherent consequence of the physics of quantum mechanics and the design of the computers.

Second, given the sheer size and computational complexity of the human brain, any attempt at a large multi-scale simulation with sufficient detail will have to contend with the combinatorial space of the problem.

Third, how a potential quantum computer neural simulation is set up might be able to take advantage of the physics the brain is subject to. Despite its computational power, the brain is still a physical object, and so physical constraints could be used to design and guide simulation rules (quantum computing algorithms) that are inherently combinatorial and parallelizable, thereby taking advantage of what quantum computers do best.

For example, local rules, such as the computational rules of individual neurons, can be used to calculate aspects of the emergent dynamics of networks of neurons in a decentralized way. Each neuron is doing their own thing and contributing to the larger whole, in this case the functions of the whole brain itself, all acting at the same time, and without realizing what theyre contributing too.

In the end, the goal will be to understand the emergent functions of the brain that give rise to cognitive properties. For example, large scale quantum computer simulations might discover latent (hidden) properties and states that are only observable at the whole brain scale, but not computable without a sufficient level of detail and simulation from the scales below it.

If these simulations and research are successful, one can only speculate about what as of yet unknown brain algorithms remain to be discovered and understood. Its possible that such future discoveries will have a significant impact on related topics such as artificial quantum neural networks, or on specially designed hardware that some day may challenge the boundaries of existing computational systems. For example, just published yesterday, an international team of scientists and engineers announced a computational hardware device composed of a molecular-chemical network capable of energy-efficient rapid reconfigurable states, somewhat similar to the reconfigurable nature of biological neurons.

One final comment regarding quantum computers and the brain: This discussion has focused on the potential use of future quantum computers to carry out simulations of the brain that are not currently possible. While some authors and researchers have proposed that neurons themselves might be tiny quantum computers, that is completely different and unrelated to the material here.

It may be that quantum computers will usher in a new era for neuroscience and the understanding of the brain. It may even be the only real way forward. But as of now, actually building workable quantum computers with sufficient stable qubits that outperform classical computers at even modest tasks remains a work in progress. While a handful of commercial efforts exist and have claimed various degrees of success, many difficult hardware and technological challenges remain. Some experts argue that quantum computers may in the end never be built due to technical reasons. But there is much research across the world both in academic labs and in industry attempting to overcome these engineering challenges. Neuroscientists will just have to be patient a bit longer.

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Large-Scale Simulations Of The Brain May Need To Wait For Quantum Computers - Forbes

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