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Dogecoin Overtakes Cardano As 9th Largest Cryptocurrency – Watcher Guru

Dogecoin (DOGE), the original memecoin, has flipped Cardano (ADA) for the position of the 9th largest cryptocurrency. DOGE surged by 3.1% in the daily charts, 32.2% in the weekly charts, and more than 108% over the previous month. Moreover, the popular memecoins market cap has risen by 3.30% in 24 hours, currently at $25.78 billion. Cardano (ADA), on the other hand, has a market cap of $23.61 billion.

Also Read: How High Can Dogecoin (DOGE) Rise This April 2024?

DOGEs latest rally could be due to Coinbase announcing futures trading for the popular memecoin. Furthermore, DOGEs OI (Open Interest) recently surpassed the $1 billion mark, currently at $1.57 billion. The increase in OI reflects investors positive interest in the memecoin.

DOGE has also seen an increase in whale activity over the last few days. Last week, transactions between $100,000 and $1 million increased by about 92% at one point.

According to CoinCodex, DOGE may witness a slight correction in April, falling to $0.150837 by Apr. 15, 2024. Hitting $0.150837 from current levels would translate to a decline of about 15.78%.

Changelly also predicts a bearish outlook for Dogecoin (DOGE) for the next few weeks. The platform predicts the memecoin to fall to $0.158410 by Apr. 15, 2024.

Also Read: Shiba Inu vs. Dogecoin: ChatGPT Predicts If SHIB Can Outperform DOGE

However, there is also a possibility that DOGE could continue on a bullish path. If Bitcoin (BTC) reclaims its all-time high, fuelled by its halving event, we may witness another market-wide rally. In such a scenario, DOGE may continue to surge.

Furthermore, Elon Musk recently announced that Tesla may soon begin to accept Dogecoin (DOGE) for its vehicles. If Tesla enables DOGE payments for its cars, we may witness a surge in the assets price.

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Compass Coffee Makes a Bold Move By Accepting Cryptocurrency in D.C. – Eater DC

Making a statement against credit card junk processing fees, D.C.s veteran-owned Compass Coffee invited todays Navy Yard customers to buy their brew with digital dollars instead. The one-day pilot with Coinbase coincides with the top U.S. crypto exchanges Update the System Summit in the nations capital. While mega-chains like Starbucks and Subway have recently started accepting payments in bitcoin and the like, its rare for a small business like Compass to get into crypto. Todays Half Street SE customers can scan a QR code to pay with USDC a so-called stablecoin that acts like a digital dollar and sip cups rebranded with Coinbase facts on unnecessary transaction fees pocketed by big banks. Decade-old Compass, which loses almost 4 percent in revenues to every credit card swipe, says its global bean suppliers could also financially benefit from using faster digital dollars. Coinbase tells Eater its teaming with Compass to show D.C. a real-life example of how money can move with the speed and ease of the internet, without the middleman hiking up fees. The unlikely partnership could blossom this year into the implementation of an actual crypto-accepting system across its 16 local cafes.

M. Frances, a newly announced dining destination that functions as a nonprofit through the LEE Initiative, is opening in the Union Market district later this summer (1252 4th Street NE). Over its five-year lifespan, M. Frances will double as a case study in providing independent restaurateurs with real-time research on ways to improve sustainability, innovation, and labor practices. The all-female culinary team is comprised of chefs Amy Brandwein (Centrolina, Piccolina), Taylor Davis (Nami Steakhouse), AuCo Lai (Star Hill Provisions), Liliana Myers (Safta), and Lisa Donovan (NYT food writer).

The Metropolitan Washington Airports Authority (MWAA) just announced 15 fresh concessions opening at Reagan National Airport and Dulles International Airport this year. Most are retail names, but theres one big restaurant to note. DCA will welcome an outpost of Mi Vida, Knead Hospitality + Designs stylish Mexican eatery with D.C. locations at the Wharf, Logan Circle, and Chinatown. Maryland-based chain Nalley Fresh will also bring its salads, wraps, and bowls across the Potomac. In less-exciting news, IAD and DCA will each get a new Starbucks.

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Cryptocurrency Clash: Evaluating SLERF, Shiba Inu, and BEFE Coin for Investment – NewsBTC

With meme coins taking over the market again, investors are in dilemma of choosing the perfect coin to invest. Whether it should be the newbie in the town, SLERF, or one of the OG coins, Shiba Inu, or the ever-steady BEFE Coin? It is essential to understand the performance of SLERF, Shiba Inu, and BEFE coin and then make the right decision. So, lets evaluate them.

Theres been enough praise for SLERF in the meme crypto market, with investors and whales going crazy over the sloth-themed SLERF coin. But what about SLERFs performance? Reporting on March 23, 2024, SLERF has a value of $0.5937, indicating a downfall of 0.39% in the past 24 hours. However, SLERF had a lot of fluctuations over the past 24 hours, with SLERF value going to the red zone and taking 5 hours to rise. The sudden downfall of SLERF created a double top pattern on the early morning of March 23, 2024.

Regarding SLERFs weekly performance, there has been a decline of 10.07%, indicating that investors might be skeptical about the SLERF coin.

After being in the red zone for quite some time, Shiba Inu is finally seeing green. As recorded on March 23, 2024, Shiba Inus value is at $0.00002813, which shows an increase of 5.95% in the past 24 hours. Looking back into Shiba Inus past weeks performance, it is on the rise, with an immediate hike at 9.75%. However, investors are still doubtful about Shiba Inus performance since Shiba Inu did not perform when BTC shifted the market towards the positive zone. Instead, Shiba Inu saw a massive sell-off of its tokens, with Shiba Inu investors trying to lock in profits from the meme coin. Due to this, analysts are currently stating that Shiba Inu might fall back up to 10% in the upcoming days. However, it is better to sit and watch the performance of Shiba Inu before making any assumptions.

BEFE coin had been in the red zone from March 17, 2024, till the evening of March 23, 2024, after which it entered into the positive zone. Before that, BEFE was clearly touching the skies. As of now, i.e., March 23, 2024, BEFE is at $0.0005109, showing an increase of 26.59% in the past 24 hours. Looking at BEFEs one-month performance, the coin has shown an increase of 15.53%. Compared to SLERF and Shiba Inu, BEFE has a high potential to take its investors into the millionaire zone.

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 NewsBTC. NewsBTC 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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Elons Dogecoin (DOGE) Cult Splits Bag With 1000x Movement Cryptocurrency, Analyst Predict Top 20 Listing Soon – The Portugal News

Analysts are buzzing with predictions, suggesting that Option2Trade (O2T) is on a fast track to securing a spot among the top 20 cryptocurrencies by market capitalization, a feat that Dogecoin (DOGE) itself achieved amid a flurry of social media frenzy and celebrity endorsements.

Dogecoin (DOGE) - The Beloved Meme Coin

Dogecoin (DOGE), the cryptocurrency that began as a joke but turned into a cultural phenomenon, owes much of its success to the unwavering support of its community and the occasional tweet from tech magnate Elon Musk. The Dogecoin (DOGE) community, often referred to as the "DOGE cult," has been instrumental in propelling the meme coin to incredible heights, showcasing the power of community-driven investments in the cryptocurrency space.

Enter Option2Trade (O2T) - The New Contender

Amid the loyalty and camaraderie within the Dogecoin (DOGE) community, the emergence of Option2Trade (O2T) represents a pivotal moment. Option2Trade (O2T) is capturing the imagination of investors with its promise of a 1000x return, a bold claim that speaks to its ambitious roadmap and the innovative technology underpinning its platform. Unlike Dogecoin (DOGE), which thrives on its meme status and the whims of social media sentiment, Option2Trade (O2T) is building its reputation on solid technological advancements and a clear vision for the future of crypto trading.

The Dogecoin (DOGE) Community's New Venture

As news of Option2Trade (O2T)'s potential spreads, a notable number of Dogecoin (DOGE) enthusiasts are beginning to explore this new opportunity. The allure of joining a project with the tagline "1000x movement" is too compelling to ignore for those who have already witnessed the meteoric rise of Dogecoin (DOGE) from its meme coin origins to becoming a staple in the portfolios of crypto investors worldwide.

Analysts' Bold Prediction for Option2Trade (O2T)

The buzz around Option2Trade (O2T) is growing louder by the day, with analysts projecting an unprecedented ascent to the top 20 cryptocurrencies. This prediction is based on the robust fundamentals of O2T, its innovative approach to disrupting the traditional trading space, and the growing trend of Dogecoin (DOGE) investors diversifying into this new, promising venture. If the trajectory of Dogecoin (DOGE) has taught the crypto community anything, it's that underestimating the power of a dedicated and enthusiastic investor base can be a mistake.

Dogecoin (DOGE) and Option2Trade (O2T) - A Synergistic Relationship

The relationship between Dogecoin (DOGE) and Option2Trade (O2T) is becoming increasingly synergistic. While Dogecoin (DOGE) continues to enjoy its status as the premier meme coin, backed by a vibrant community and celebrity endorsements, Option2Trade (O2T) is carving out its niche by offering groundbreaking solutions to longstanding issues in the crypto trading sphere. This diversification by Dogecoin (DOGE) investors into O2T is a testament to the evolving nature of the cryptocurrency market, where innovation, potential for growth, and community support converge to create new opportunities.

Conclusion: A New Chapter in Cryptocurrency Investments

The move by a portion of Elon Musk's Dogecoin (DOGE) cult to split their bag with Option2Trade (O2T) marks a significant shift in the cryptocurrency landscape. As Option2Trade (O2T) gears up for what many believe will be a meteoric rise to the top 20 cryptocurrencies, the broader crypto community is reminded of the dynamic and ever-changing nature of this space. For Dogecoin (DOGE) and Option2Trade (O2T) alike, the future holds endless possibilities, fueled by the passion of their investors and the promise of innovation that lies at the heart of the cryptocurrency movement.

For more information on the Option2Trade (O2T) Presale:

Use promo code O2TLaunch to get 15% bonus

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Cryptocurrency Trends: Solana (SOL) Recovers After Minor Correction, Algotech (ALGT) Presale Hits $3M After $500K … – NewsBTC

The cryptocurrency landscape is constantly changing, as shown by significant fluctuations and notable developments. Solana (SOL) witnessed a sharp dip, contrasting with a new DeFi platforms impressive presale performance, raising eyebrows across the crypto community.

Solana, one of the leading cryptocurrencies, rebounded rapidly after a minor correction. The blockchain has witnessed a surge of development activity as memecoins continue to surge. Solana-based memecoin Dogwifhat (WIF) recently witnessed significant bullish growth, with an increase of over 20% in the past day.

Technical analysis of Solana price suggests significant positive potential for the blockchain as well. The blockchain initially hit its 2024 peak on March 17 by hitting $210 but had a minor rebound back to $170 before continuing its move upwards.

A key positive factor for the bulls was the positive traction behind memecoins like SLERF and Book of Memes (BOME), which shocked the market with their rapid surge. This led insiders to speculate whether Solana would become a DeFi powerhouse with the potential to outshine Ethereum this year.

With these factors under the spotlight, technical analysis suggests that the SOL price could revisit its yearly highs in the coming weeks. Network investors are actively exploring projects that have high upside potential.

Emerging trading platform Algotech has emerged as a significant choice for investors looking to diversify their portfolios.

Algotech (ALGT) has emerged as a beacon of success amid market volatility. With its presale exceeding $3 million and raising over $500K in a single day, the project exhibits resilience and investor confidence.

Early investors in Algotech (ALGT) are not only getting their hands on the ALGT tokens for $0.06 but also getting access to governance rights and a share of profits from trading fees. The token price is expected to rise to $0.08 in the next round.

Investors and enthusiasts are eager to take advantage of this opportunity before prices potentially skyrocket to the $1 mark once the DeFi platform is listed on major exchanges. Algotechs record-breaking presale shows high market demand. As it continues to grab attention and investment, this emerging player solidifies its position as a promising opportunity.

Learn more:

Visit Algotech Presale

Join The Algotech Community

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 NewsBTC. NewsBTC 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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Ethereum’s New Tech: Vitalik Buterin Introduces Rainbow Staking – BeInCrypto

Vitalik Buterin, a co-founder of Ethereum, announced the introduction of a new staking concept termed Rainbow Staking.

This initiative aims to revamp the economic structure of the network by implementing a dual-pronged staking mechanism. The approach distinguishes between heavy and light services, offering a framework that impacts the distribution of rewards.

Vitalik Buterin explained that Rainbow Staking introduces the two-dimensional Minimum Viable Issuance (2-D MVI). This model aims to optimize reward allocation between heavy services, which demand significant stake backing and play a vital role in network operations, and light services, characterized by their flexibility and ability to increase the networks preference entropy. This is critical for a censorship-resistant network, as it ensures a diverse range of transactions and interactions.

Another key focus of Rainbow Staking is on enhancing the role and value of solo stakers within the Ethereum ecosystem.

Traditionally overshadowed by larger staking pools, solo stakers under Rainbow Staking are recognized for contributing to network resilience. They serve as a buffer against potential failures by larger operators. Therefore, playing a crucial role in maintaining network activity during such downtimes.

With Rainbow Staking, we offer an alternative 2-D MVI where solo stakers are maximally effective participants on their own terms, achieving the goals which many have signed up for: Competitive economic returns with the ability to realize their preferences into the execution the chain, e.g., as ultimate backstops of chain liveness or as censorship-resistance agents, Barnab Monnot, Research Scientist at Ethereum Foundation, wrote.

Read more: Ethereum Restaking: What Is It And How Does It Work?

Therefore, Buterin proposes adjusting reward distribution to incentivize participation from solo stakers and smaller operators to promote a more inclusive economic model. This strategy is designed to shift the competitive model from focusing on a singular resource battle to a more diversified and equitable ecosystem.

The announcement of Rainbow Staking has sparked discussions within the cryptocurrency community regarding its potential impacts on the Ethereum network. Proponents argue that incentivizing a wider range of participants could lead to a more resilient and decentralized network.

Critics, however, raise questions about the implementation challenges and the potential for unintended consequences. Particularly, concerning network security and the dynamics between solo and pooled staking.

The biggest downside I see to your proposal is that it is complex, difficult to migrate to, [and] challenging to predict second-order effects. The first two points might not have any alternative other than defining a clear specification. For the last point, I would urge more research into areas such as tokenized claims, restaking, etc, Matt Stam, Founding Engineer at Succinct, said.

Read more: Ethereum (ETH) Price Prediction 2024 / 2025 / 2030

While the full implications of this new staking model remain to be seen, they reflect Ethereums efforts to explore innovative solutions that support its growth and sustainability.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.

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Vitalik Buterin talks ‘Rainbow Staking’ at ETHTaipei to combat centralization risks – Blockworks

In his latest talk at ETHTaipei, Ethereum founder Vitalik Buterin introduces Rainbow Staking as a way to combat growing centralization concerns around staking.

Buterin notes that staking in general and liquid staked tokens today have become centralization risks on the Ethereum blockchain.

He highlights that there are not enough solo stakers on Ethereum today, citing technical challenges like running your own node and financial restraints like not having more than 32 ETH.

This is because, on Ethereum, solo stakers must deposit 32 ETH (~$ $113,233) to join the network as validators. Many individuals who wish to stake their ETH do so by delegating their tokens to liquid staking solutions.

One of the most popular liquid-staked solutions today is Lido, which currently has a 61.36% dominance over the market today.

Read more: Did Lido fly too close to the sun? Inside the centralization debate

Buterin remarked that a proposed solution to these centralization concerns around staking is Rainbow Staking.

The idea here is that you explicitly split up into two kinds of staking, and you call it heavy staking and light staking, Buterin said.

In this particular case, heavy staking is slashable and signs in every slot. On the contrary, light staking, which is not slashable, is pulled up to sign slots through a lottery system.

You basically try to explicitly separate out those two and potentially require both heavy stakers and light stakers to sign off on a block in order for the block to get finalized, he said. So you try to add the security of both of those approaches together.

Read more: The biggest Ethereum upgrade ever goes live

The framework of Rainbow Staking is ultimately hoping to counter the emergence of one dominant liquid staked token that could replace ETH as the main currency on the Ethereum network. It is also designed to offer competitive participation by bolstering the economic value of being a solo staker.

Buterin notes that more research and development is still required before Rainbow Staking becomes a viable design for staking on Ethereum in the long term.

To me, the biggest questions here are not even technical; theyre philosophical, Buterin said, noting that it is important to understand the intended answer behind ways to enable lazy ETH holders who want rewards to participate in securing the Ethereum network.

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NSA fears quantum computing surprise: ‘If this black swan event happens, then we’re really screwed’ – Washington Times

The National Security Agency fears a quantum computing breakthrough by Americas adversaries would jeopardize the security of the global economy and allow foes to peer inside top-secret communications systems.

The agencys concern is that an unforeseen advance in quantum technology would crack encryption systems used to protect everything from financial transactions to sensitive communications involving nuclear weapons, according to NSA Director of Research Gil Herrera.

Speaking at an Intelligence and National Security Alliance event last week, Mr. Herrera said no country has a quantum computer that he would consider useful yet.

He said there are a lot of teams around the world building with different technologies and someone could achieve a development representing a black swan event, an extremely unexpected occurrence with profound and dangerous consequences for U.S. national security.

If this black swan event happens, then were really screwed, Mr. Herrera said.

Americans could suffer consequences from such a quantum leap in several ways. Mr. Herrera said the world economy, and the U.S. market in particular, are vulnerable because most financial transactions are secured by encryption systems that cant be cracked by non-quantum means.

If quantum tech weakens or eliminates such encryption walls, then financial institutions may have to resort to older transaction methods and banks would look for other means to protect their dealings with other banks, according to Mr. Herrera.

And, he warned, other industries may be even less resilient in the face of the threat. Mr. Herrera said the threat of a quantum computer is not limited to its immediate potential damage, but to the fallout from obtaining encrypted information that was previously recorded.

Drawing on his decades of experience at Sandia National Laboratories, Mr. Herrera said a quantum advance may be able to help people find information on weapons systems that have been in the U.S. arsenal for a significant period of time.

There are ways that we can communicate with our various partners in nuclear weapon production where public key encryption is utilized to share keys, Mr. Herrera said. And now, what if somebodys recorded that information and they crack it?

Details on foreign adversaries advanced computing capabilities are closely guarded, Federal policymakers are worried in particular about Chinas efforts to achieve computing breakthroughs.

Reflecting on supercomputers at a House Armed Services Committee hearing last year, Rep. Morgan Luttrell said he worried Beijing may have already surpassed the U.S. in its supercomputing prowess.

China should have on board or online another computer that would have trumped us and pushed us back some, the Texas Republican said at the March 2023 hearing. So the amount of money theyre spending in that space as compared to us would make me think that theyre ahead of us.

Retired Gen. Paul Nakasone, then in charge of U.S. Cyber Command, cautioned Mr. Luttrell against assuming that outspending America would guarantee an adversarys technological success.

Spending money doesnt necessarily mean that youre the best in what you do and being able to integrate that kind of capability is what really matters, Gen. Nakasone said at the hearing. So being able to take the intelligence, integrate it within maneuver force to have an outcome is where I clearly see United States has the lead.

But experts agree that quantum computing breakthroughs would dramatically outdo existing supercomputers. The NSA is not waiting to find out.

Mr. Herrera said the NSA believes the algorithms it is deploying will withstand a quantum attack.

One thing NSA has done about it is we actually started research in quantum-resistant algorithms not too long after we started funding academic programs to come up with what a quantum computer would look like, Mr. Herrera said. So we have a lot of maturity within the NSA, we have been deploying quantum-resistant encryption in certain key national security applications for a while now.

Efforts to better understand the quantum capabilities of Americas adversaries are underway as well. The congressionally chartered U.S.-China Economic and Security Review Commission is scrutinizing the communist countrys push to transform its military through the application of quantum and emerging technologies to its weapons systems and logistics.

Last month, the commission conducted a hearing that included an examination of Chinas quest for teleportation technology.

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NSA fears quantum computing surprise: 'If this black swan event happens, then we're really screwed' - Washington Times

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Secure quantum communication is one step closer to reality – Earth.com

At the University of Waterloos Institute for Quantum Computing (IQC), researchers have made a tremendous advancement in the realm of quantum communication by melding two Nobel Prize-winning innovations.

This new development hinges on the efficient production of nearly perfect entangled photon pairs, leveraging quantum dot sources. Entangled photons, a concept awarded the 2022 Nobel Prize in Physics, are light particles that remain interconnected over vast distances.

The integration of this principle with quantum dots, celebrated with the 2023 Nobel Prize in Chemistry, aims to refine the generation of these entangled photons, a cornerstone for applications like secure communications.

Dr. Michael Reimer, a professor at IQC and the Department of Electrical and Computer Engineering at Waterloo, highlighted the significance of their work.

The combination of a high degree of entanglement and high efficiency is needed for exciting applications such as quantum key distribution or quantum repeaters, which are envisioned to extend the distance of secure quantum communication to a global scale or link remote quantum computers, Reimer explained.

He emphasized the novelty of their achievement in simultaneously meeting the dual criteria of near-perfect entanglement and high efficiency using a quantum dot, a feat not accomplished in prior experiments.

The teams success involved embedding semiconductor quantum dots within a nanowire, creating a photon source that surpasses previous methods in efficiency by 65 times.

Developed in collaboration with the National Research Council of Canada in Ottawa, this innovative source can be stimulated with lasers to generate entangled photon pairs on demand.

To enhance the entanglements quality, the researchers utilized high-resolution single photon detectors from Single Quantum in The Netherlands.

Matteo Pennacchietti, a PhD student at IQC and the Department of Electrical and Computer Engineering, discussed overcoming the challenge of fine structure splitting.

This phenomenon, which leads to oscillation in an entangled state over time, previously hindered accurate entanglement measurement with slow detection systems.

We overcame this by combining our quantum dots with a very fast and precise detection system. We can basically take a timestamp of what the entangled state looks like at each point during the oscillations, and thats where we have the perfect entanglement, Pennacchietti explained.

The teams collaboration extended to Dr. Norbert Ltkenhaus and Dr. Thomas Jennewein, both IQC faculty members and professors in the Department of Physics and Astronomy at Waterloo.

Together, they demonstrated the potential of their quantum dot entanglement source in simulating quantum key distribution, a secure communications method.

This experiment underscored the significant promise the quantum dot source holds for the future of secure quantum communications.

In summary, University of Waterloo scientists have set a new standard in quantum communication by successfully merging two Nobel Prize-winning technologies to produce nearly perfect entangled photon pairs with unprecedented efficiency.

This breakthrough overcomes long-standing challenges in the field while opening new avenues for secure global communication and the interconnection of remote quantum computers.

By pushing the boundaries of quantum dot technology and entanglement, the researchers have laid a robust foundation for the next generation of quantum communication systems, marking a significant leap forward in our quest for ultra-secure, worldwide connectivity.

The full study was published in the journal Communications Physics.

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Waseda U. Researchers Reports New Quantum Algorithm for Speeding Optimization – HPCwire

Optimization problems cover a wide range of applications and are often cited as good candidates for quantum computing. However, the execution time for constrained combinatorial optimization applications on quantum devices can be problematic. Researchers from Waseda University report developing a new algorithm post-processing variationally scheduled quantum algorithm (pVSQA) that speeds performance.

Therea brief account of the work posted today on the Waseda University website. Constrained combinatorial problems (COP) are common in logistics, supply chain management, machine learning, material design, and drug discovery. The researchers report the novelty of their algorithm is its use of a post-processing technique combined with variational scheduling to achieve high-quality solutions to COPs in a short time.

The two main methods for solving COPs with quantum devices are variational scheduling and post-processing. Our algorithm combines variational scheduling with a post-processing method that transforms infeasible solutions into feasible ones, allowing us to achieve near-optimal solutions for constrained COPs on both quantum annealers and gate-based quantum computers, said Tatsuhiko Shirai, a leader in the work, which was published in EEE Transactions on Quantum Engineering this month.

Heres a brief excerpt from the article:

The innovative pVSQA algorithm uses a quantum device to first generate a variational quantum state via quantum computation. This is then used to generate a probability distribution function which consists of all the feasible and infeasible solutions that are within the constraints of the COP. Next, the post-processing method transforms the infeasible solutions into feasible ones, leaving the probability distribution with only feasible solutions. A classical computer is then used to calculate an energy expectation value of the cost function using this new probability distribution. Repeating this calculation results in a near-optimal solution.

The researchers analyzed the performance of this algorithm using both a simulator and real quantum devices such as a quantum annealer and a gate-type quantum device. The experiments revealed that pVSQA achieves a near-optimal performance within a predetermined time on the simulator and outperforms conventional quantum algorithms without post-processing on real quantum devices.

Given the limits of current quantum devices (adiabatic annealers and gate-based systems), the researchers suggest the new algorithm is a significant step forwards particularly given the wider applicability of constrained combinatorial optimization.

They note in the papers abstract:

COPs are typically transformed into ground-state search problems of the Ising model on a quantum annealer or gate-based quantum device. Variational methods are used to find an optimal schedule function that leads to high-quality solutions in a short amount of time. Post-processing techniques convert the output solutions of the quantum devices to satisfy the constraints of the COPs.

pVSQA combines the variational methods and the post-processing technique. We obtain a sufficient condition for constrained COPs to apply pVSQA based on a greedy post-processing algorithm. We apply the proposed method to two constrained NP-hard COPs: the graph partitioning problem and the quadratic knapsack problem. pVSQA on a simulator shows that a small number of variational parameters is sufficient to achieve a (near-)optimal performance within a predetermined operation time. Then building upon the simulator results, we implement pVSQA on a quantum annealer and a gate-based quantum device. The experimental results demonstrate the effectiveness of our proposed method.

Link to Waseda University article, https://www.waseda.jp/top/en/news/80146

Link to IEEE paper, https://ieeexplore.ieee.org/document/10472069

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