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Financial Inclusion, Cryptocurrency and the Developing World – Cointelegraph

Beyond rapidly changing how we create, store and transfer value, cryptocurrencies are accelerating financial inclusion in a way that traditional financial institutions have either been unwilling or unable to. Yet cryptos possibilities go way beyond banking the unbanked. It allows developing nations and those without access to financial services to avoid the bank completely and transact and grow small businesses using just a mobile phone.

Even today, almost 2 billion people around the world have no access to financial services. Thats approximately one-fourth of the global population. Having nowhere to place savings and not being able to get a bank card, obtain credit or avail of basic services such as life insurance is a horribly crippling disadvantage. These people are effectively unable to take part in their local economies at least, in meaningful ways.

Gaining access to financial services will allow financially excluded people to improve their lives, increase their earnings, raise their household income and even stash away some savings for troubled times such as the ones were living in currently. Entrepreneurs can gain access to credit to start a business and families can acquire land and livestock and ensure that the roofs over their heads are safe. Quality of life can be improved for all.

Further still, impoverished parents can begin to send their children to school, offer them improved living conditions and access healthcare services. Financial inclusion can even lead to the creation of jobs as small businesses expand and need to take on additional personnel. Were talking about a massive section of the global population that could substantially motor the economy through financial inclusion.

The vast majority of financially excluded individuals live in developing regions. Yet this also coincides with a young, largely tech-savvy population. In parts of Africa, for example, mobile phones are more common than access to electricity. They have long been used as a primary tool for daily life exchanges and, more recently, for cryptocurrency use.

Across Africa, some 200 million people are between the ages of 15 and 24. This makes them generally well-versed in technology and a naturally captive audience for cryptocurrency adoption. This is mirrored by the population in many developing countries including Indonesia, Turkey and India. A tech-savvy population with a high mobile phone penetration rate and a pressing need for financial services: This creates the perfect conditions to accelerate the adoption of cryptocurrencies.

As many people cant access the traditional banking system, being able to earn, save and transact in cryptocurrencies directly from a telephone is hugely beneficial.

India is currently one of the most promising markets for cryptocurrency adoption and financial inclusion right now. With the regulatory framework improving this year with the Supreme Court of India overturning the Reserve Bank of Indias ban on cryptocurrency, adoption in the worlds second-most populated country could really take off.

Indias national currency, the rupee, has steadily declined in value against the United States dollar over the last decade. And with the COVID-19 pandemic causing increased money printing in India just as in other parts of the world, the rupee is being devalued further. Declining confidence in the national fiat currency as well as the government could be a large catalyst for cryptocurrency adoption in India and in many parts of the world.

Along with Africa and Indonesia, Indias population is young and very familiar with technology. In fact, around 8% of Indias gross domestic product comes from its well-developed IT outsourcing industry. The country has the skills and technical talent to make crypto startups flourish here. And with the largest remittance market in the world, crypto is the perfect use case for unshackling people from the high fees and lengthy delays involved in sending money home.

Of course, the right conditions and the potential dont make crypto adoption a done deal. There is still much work to be done. The scene is being set for more and more crypto startups, remittance companies, exchanges and applications to appear across the developing region. At OKEx, we see the giant potential for crypto adoption in these parts of the world, and we want to be at the forefront of it. This is why our partnership with Paxful, the leading peer-to-peer Bitcoin (BTC) marketplace, is all the more significant.

Paxful has an extensive payment method infrastructure that allows local people to select how they pay for their Bitcoin from more than 300 different ways. This could be gift cards, store points, cash on delivery or indeed any local method deemed acceptable by the seller. This kind of flexibility allows it to onboard people into cryptocurrency more easily.

They can then send and receive Bitcoin for goods and services and, through OKEx, earn interest on their BTC savings through high-interest accounts as well as make their money work for them accessing advanced trading tools.

As regulation becomes more favorable and the peoples needs are still repeatedly ignored by traditional finance, a young population with high mobile penetration will help financial inclusion to finally become a reality. The next wave will soon be onboarded to crypto, and its the developing world that will be leading the charge.

The views, thoughts and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Jay Hao is a tech veteran and seasoned industry leader. Prior to OKEx, he focused on blockchain-driven applications for live video streaming and mobile gaming. Before tapping into the blockchain industry, he already had 21 years of solid experience in the semiconductor industry. He is also a recognized leader with successful experiences in product management. As the CEO of OKEx and a firm believer in blockchain, Jay foresees that the technology will eliminate transaction barriers, elevate efficiency and eventually make a substantial impact on the global economy.

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Phishing and cryptocurrency scams squashed as one million emails are reported to new anti-scam hotline – ZDNet

A service that allows people to flag phishing and other suspicious emails has been sent over a million reports of scam messages so far.

In two months since the service was launched by the UK's National Cyber Security Centre (NCSC) it has been receiving 16,500 emails on average every day, which has resulted in 10,000 links to online scams either blocked or taken down by authorities.

NCSC said 10% of the scams were removed within an hour of an email being reported, and 40% were down within a day of a report. Over 10,200 malicious URLs linked to 3,485 individual sites have been removed.

SEE: Security Awareness and Training policy (TechRepublic Premium)

A wave of cryptocurrency investment scams makes up more than half of all online scams detected as a result of reporting,the agency said.

Cryptocurrency investment scams have been recognised as a growing problem, leading to millions of pounds in losses annually as scammers masquerading as a crypto exchanges or traders trick people into handing over money. Over 27 million was lost to scams involving crypto and foreign exchange investments in 2018/19 according to the Financial Conduct Authority, with victims losing on average over 14,600.

Other scams detected include fake online shops and bogus messages claiming to come from TV Licensing, HMRC, Gov.uk and the DVLA.

To use the reporting service, people are asked to forward suspect emails to report@phishing.gov.uk. If they are found to link to malicious content, it will be taken down or blocked.

Commander Karen Baxter, from the City of London Police, said phishing emails are often the first step in a lot of fraud cases because they provide the initial gateway for criminals. "Unquestionably, a vast number of frauds will have been prevented," she said.

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83% of BTCs addresses are smiling to the Bank – Nairametrics

As BTC market capitalization fast approaches the $200 billion mark, Messaris Lead researcher,Ryan Watkins has crunched the numbers and predicts that ifleading financialinstitutions allocate just 1% of their portfolios toBitcoin, then BTCs market cap could rise to above $1 trillion,

The lead researcher also explained that a small percentage allocation from endowments and foundations, sovereign wealth funds, pension funds, mutual funds and family offices, to BTC would result in around $480 billion of new money entering theBitcoinmarket.

An aggregate 1% institutional allocation to Bitcoincan easily bringBitcoins market cap above $1 trillion, or over $50,000 per BTC, Watkins added.

READ MORE: 5 Nigerian companies with a combined market value of 5% of Nigerias GDP

READ MORE: About 33% of pension funds, hedge funds now own digital assets such as Bitcoin

Recall that the power of BTC whales, professional traders in theBitcoin market cannot be overlooked. They are the most important players to large market movements in the BTC market, such as those levels seen during Bitcoinsdramatic price decline in March as the COVID-19 pandemic intensified around the world.

With more people looking to tradebitcoin, which is only becoming scarcer following the recent halving,bitcoinmoving from the investment bucket into the trading bucket could become a crucial source of liquidity. However, one would expect this will only happen ifbitcoinsprice rises to a level at which long-term investors are willing to sell,Chainalysisresearchers wrote.

READ ALSO: Zilliqa, the fast-rising cryptocurrency that has gained more than 845% since March

Chainalysisa leading crypto analytic firm also explained activities in the BTC market for the month of June. The report said;

As of June 2020, roughly 18.6 millionBitcoinhas been mined. We break that 18.6 millionBitcoindown into three buckets based on its movements to date:

Roughly 60% of thatBitcoinis held by entities either people or businesses that have never sold more than 25% ofBitcointheyve ever received, and have often held on to thatBitcoinfor many years, which we label asBitcoinheld for long-term investment.

Download the Nairametrics News App

Another 20% hasnt moved from its current set of addresses in five years or longer. We consider this lostBitcoin. That leaves just 3.5 millionBitcoinor 19% of all minedBitcointhat moves frequently, primarily between exchanges, which we label asBitcoinused for trading.

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Max Planck Created Quantum Theory and Laid a New Foundation for Physics – Interesting Engineering

At the base of modern physics is something called quantum theory. It explains the behavior of energy and matter on different atomic levels - atomic and subatomic. Quantum theory encompasses the working of the realms of physics commonly referred to as quantum physics and quantum mechanics and it offers up a rather interesting look into the foundations of modern physics.

Quantum theory was first presented to the general public in the year 1900, by a physicist named Max Planck. He presented the theory to the German Physical Society, specifically by presenting the results of an experiment he had done looking into the color of radiation from glowing bodies (not human bodies, physical bodies).

In the experiment, he found that if he assumed that energy existed in individual units similar to matter, that he would find the answer to the original question posed in his experiment. Thinking of energy in this way was new and allowed the energy to be easily quantified. These units of energy that he was able to quantify were named quanta by Planck in his writings about the experiment and subsequent mathematical equations.

RELATED: DARK MATTER AND ENERGY ARE REAL REVEALS FINAL DATA OF PLANCK MISSION

The equation that formed the beginnings of quantum theory demonstrated that at certain temperature levels, the energy that was let off from a glowing body would exist in different areas of the spectrum of color, or wavelength. Planck initially imagined that his discovery of quanta would set in motion the creation of a new theory, but what actually ended up happening was that it completely rewrote humanity's understanding of the laws of nature.

In 1918, Planck won the Nobel Prize for his discovery and research on quanta. It is important to note though, that while Planck's research began the foundation of modern quantum theory, tens to hundreds of other scientists worked in the years prior to set Planck up to make this discovery just at the point that he did. Taking a closer look at the timeline, we can see how the theory progressed after the discovery.

1900: Planck makes the initial discovery, or rather assumption, that energy was made of units called quanta.

1905: Albert Einstein theorizes that energy and radiation could be quantified in the same way that Planck had theorized of quanta.

1924:Louis de Brogliefirst proposed that there was no difference between energy and particles in his theory of wave-particle duality, also demonstrated in the famous double-slit experiment.

1927: A scientist by the name of Werner Heisenberg theorized that the measurement of two complementary values at the same time, such as the position and momentum of a given subatomic particle, would be impossible. This stands starkly in contrast to traditional physics and became known as the uncertainty principle.

Now that we've taken a closer look at the timeline of quantum theory development, let's take a closer look at who exactly Max Planck was.

Born in April of 1858, Max Karl Ernst Ludwig Planck (quite the name) was a theoretical physicist who was the originator of quantum theory, which, as we've discussed, afforded him the Nobel Prize in Physics in 1918. During his lifetime he made major contributions to the field of theoretical physics but the quantum theory remains his largest accomplishment.

RELATED: PLANCK'S CONSTANT IN TV SHOW STRANGER THINGS

Quantum theory at the hands of Planck completely revolutionized our understanding and conceptualization of quantum particles and processes. It could be equated in gravity of the theory of Alber Einstein's theory of relativity that changed our understanding of space and time.

Both quantum theory and the theory of relativity exemplify the foundations of all of the 1900s physics, forcing researchers to rethink how they approach the world around them.

Planck passed away at the age of 89 years-old in 1947 in Germany.

The main methods of interpreting quantum theory are known as the Copenhagen interpretation and the many-worlds theory. The Copenhagen theory proposes that a particle is whatever it is measured to be. In other words, if you measure a particle as a wave, it's a wave. However, it also states that you can't assume that it has any specific properties or that it exists until you measure it. It's an off-the-cuff way of insisting that physical reality doesn't actually exist until you observe it. This leads way to the idea of superposition, which means that any given particle or object can be in any number of potential places at once during the period that we don't know its position, or aren't observing it.

The famous thought experiment of Schrodinger's Cat is the perfect exemplification of this interpretation of the quantum theory.

The many-worlds theory or multiverse theory. This states that as soon as the potential for an object to exist occurs, the universe splits into a series of parallel universes where both states of that object exist. This theory is the basis of TV shows like Rick and Morty or other popular science fiction stories, but at the end of the day, it's a very real interpretation of the quantum theory.

Both Stephen Hawking and Richard Feynman expressed that they preferred the multiverse theory style of interpretation.

At the end of the day, quantum theory and Planck's research have drastically influenced the work of physicists and researchers over the last 100 years. The implications of quantum theory can be a little mind-boggling though, even causing Planck himself to balk at them during his time. The foundational principles of the theory, however, continue to be repeated and proven through subsequent experimentation. Physics in many ways still will be fleshed out in the next century, but its foundation of quantum theory laid by Max Planck is likely here to stay.

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Do we need a ‘Quantum Generation’? | TheHill – The Hill

Driving Route 66 requires no specialized training. Steering wheel, pedals, lights, mirror controls they are all familiar concepts, each one a well-established automobile technology. If youve driven one car, youve more or less driven them all. Call it drivers intuition.

However, despite the publics growing awareness of quantum technology, a corresponding intuition is rare, even among experts in the field. With quantum intuition, one could differentiate between quantum and classical worlds at the most basic level without deliberation.

For most of us, stuck with our classical minds, quantum intuition is difficult due to the counterintuitive nature of the quantum world. Concepts like entanglement and superposition can be challenging, since there is no obvious mapping of the bizarre quantum world to everyday life.

Developing our quantum minds

Most of us have technological intuition, like the ability to drive an unfamiliar car or use a new computer program. Unhindered by philosophical obstacles, it allows children to program a TV remote or master a smartphone much faster than their parents. Thats because kids today have been born and raised surrounded by technology built upon classical computers and have developed an intuition for them.

With quantum computers only now emerging, such early development is lacking. Consider, for example, light. While familiar in the macroscopic world, its quantum properties are odd. Sometimes it behaves like a wave, sometimes like a particle. Think of quantum particles that can pass, or tunnel, through energy barriers. Or imagine entangled particles, which influence each other even if separated by a large distance. There are also mind-boggling interpretations of quantum mechanics that drive ongoing and vigorous debates among specialists, such as theories of multiple universes or theories in which the future influences the past.

The legendary spookiness of quantum mechanics which so bothered Albert Einstein is born from similar examples, and the frustrations expressed by Einstein, Richard Feynman or Erwin Schrdinger are as painful today as they were a century ago.

As the quantum technological revolution changes the world, it must first move out from laboratories and into proverbial garages. To get there requires a quantum education at an early stage, an effort to tunnel through the barrier of quantum weirdness and kick-start a quantum generation of young people who can consider entanglement without being spooked, like we are, and instead set up those garages and launch completely new approaches to quantum technology.

From quantum intuition to quantum workforce

We are not yet ready for that transition. Mastering intuition requires a solid quantum education, one that crosses disciplines and fuses physics, computer science, engineering, mathematics and materials research in nearly equal parts.

Such an education must include focused training at the elementary, middle and high school levels, as well as informal education at museums and unconventional approaches like merging art into quantum education.

How do we get there? With much to do, the United States is not sitting idle. For example, several first steps emerged from a recent collaborative effort from the National Science Foundation (NSF) and the White House Office of Science and Technology Policy that brought together cross-disciplinary specialists to develop core resources for inspiring quantum information science learners. One outcome, a necessary minimum list of nine key concepts with narratives developed by subject-matter experts, is helping shape the nations approach to early education, tackling such concepts as qubits, quantum computers and entanglement, just to name a few.

Industry is also getting involved. As students further develop their careers, the convergent efforts of industry, academia and government will be vital, as will early introductions to industrial settings. One initial effort, known as the TRIPLETS program, was initiated by NSF and co-sponsored by industrial partners such as IBM, Google, Raytheon, Montana Instruments and many others, including several Department of Energy National Laboratories. This approach allows students to collaborate with both an industrial advisor and an academic investigator, forming a triplet that introduces fundamental research and industrial culture well before graduation.

A continuing national investment

Fundamental research generates high quality educational experiences, which will lead to quantum intuition, and this cultural and technological shift requires investment.

The ambitious all-of-government approach known as Industries of the Future includes a plan to increase federal investments in five key industries to $10 billion per year by fiscal year 2025. In addition to quantum information science, the targeted industries include artificial intelligence, 5G technologies and advanced communications, biotechnology and advanced manufacturing, with quantum technologies further integrating across the other fields.

This plan builds upon the National Quantum Initiative Act, established in 2018, with both efforts calling for the development of a future quantum workforce and a strong focus on education.

However, implementation will require educators, academics, industry, and government agencies working together to create the policies and practices that enable young people today to develop the quantum intuition needed for the future.

Armed with intuition, the quantum generation will come.

Tomasz Durakiewicz is program director for Condensed Matter Physics at the National Science Foundation, Division of Materials Research, and since February 2019 has served as staff associate, Office of the Assistant Director, in the agency's Directorate for Mathematical and Physical Sciences. Durakiewicz has co-authored more than 170 peer-reviewed publications, more than 210 conference abstracts and six patents, and he has presented more than 60 invited talks. For more than a decade prior to his service at NSF, Durakiewicz was a materials researcher at the Department of Energy's Los Alamos National Laboratory.

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Lost and found in French translation – The Guardian

To answer Karin Koller (Letters, 23 June), the French for bra, soutien-gorge, is masculine because compound words, consisting of a noun preceded by a verbal prefix, are nearly always masculine. The exceptions are when denoting women: for example, garde-malade, a home nurse. Nowadays, dcollet would be a more correct translation of cleavage.Gisle EarleOxford

Quantum physicists understand bras better than most thanks to Paul Dirac, whose analysis showed that the bra and the ket work together to form a special product, which was named bra-ket (derived from bracket). So the bra is a product of quantum mechanics.Prof Brian JosephsonDepartment of physics, Cambridge University

The English bra comes from brassire, which is feminine, but now means a babys sleeved vest. Its older meaning was chemise de femme trs ajuste a tight-fitting garment that could have lifted the breasts. In the 1950s, I remember bra and brassire being used, and my embarrassment at seeing brasserie emblazoned on the outside of a restaurant.Jenny MoirChelmsford, Essex

Karin Koller should not be too worried that the French for cleavage, dcollet, is masculine. Of greater importance is vagin. The Latin word it comes from, vagina, is feminine.Michael BulleyChalon-sur-Sane, France

It surely remains only to say BRAva! to Karin Koller. The crossword setter who caused this fascinating thread now knows what theyre up against.Jenny SwannBeeston, Nottingham

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At Long Last: An Answer to the Mystery Surrounding Matter and Antimatter – SciTechDaily

An element that could hold the key to the long-standing mystery around why there is much more matter than antimatter in our universe has been discovered in Physics research involving the University of Strathclyde.

The study has discovered that an isotope of the element thorium possesses the most pear-shaped nucleus yet to be discovered.

Nuclei similar to thorium-228 may now be able to be used to perform new tests to try find the answer to the mystery surrounding matter and antimatter.

The study was led at the University of the West of Scotland (UWS) and has been published in the journal Nature Physics.

Professor Dino Jaroszynski, Director of the Scottish Centre for the Application of Plasma-based Accelerators (SCAPA) at the University of Strathclyde, said: This collaborative effort, which draws on the expertise of a diverse group of scientists, is an excellent example of how working together can lead to a major breakthrough.

It highlights the collaborative spirit within the Scottish physics community fostered by the Scottish University Physics Alliance (SUPA) and lays the groundwork for our collaborative experiments at SCAPA.

Physics explains that the Universe is composed of fundamental particles such as the electrons which are found in every atom. The Standard Model, the best theory physicists have to describe the sub-atomic properties of all the matter in the Universe, predicts that each fundamental particle can have a similar antiparticle. Collectively the antiparticles, which are almost identical to their matter counterparts except they carry opposite charge, are known as antimatter.

According to the Standard Model, matter and antimatter should have been created in equal quantities at the time of the Big Bang yet our Universe is made almost entirely of matter. In theory, an electric dipole moment (EDM) could allow matter and antimatter to decay at different rates, providing an explanation for the asymmetry in matter and antimatter in our universe.

Pear-shaped nuclei have been proposed as ideal physical systems in which to look for the existence of an EDM in a fundamental particle such as an electron. The pear shape means that the nucleus generates an EDM by having the protons and neutrons distributed non-uniformly throughout the nuclear volume.

The researchers found that the nuclei in thorium-228 atoms have the most pronounced pear shape to be discovered so far. As a result, nuclei like thorium-228 have been identified as ideal candidates to search for the existence of an EDM.

The experiments began with a sample of thorium-232, which has a half-life of 14 billion years, meaning it decays very slowly. The decay chain of this nucleus creates excited quantum mechanical states of the nucleus thorium-228. Such states decay within nanoseconds of being created, by emitting gamma rays.

The research team, led by Dr David ODonnell at UWS, used highly sensitive state-of-the-art scintillator detectors to detect these ultra-rare and fast decays. With careful configuration of detectors and signal-processing electronics, the research team has been able to measure precisely the lifetime of the excited quantum states, with an accuracy of two trillionths of a second.

The shorter the lifetime of the quantum state, the more pronounced the pear shape of the thorium-228 nucleus giving researchers a better chance of finding an EDM.

For more on this research, read Physicists May Have Solved Long-Standing Mystery of Matter and Antimatter.

Reference: Direct measurement of the intrinsic electric dipole moment in pear-shaped thorium-228 by M. M. R. Chishti, D. ODonnell, G. Battaglia, M. Bowry, D. A. Jaroszynski, B. S. Nara Singh, M. Scheck, P. Spagnoletti and J. F. Smith, 18 May 2020, Nature Physics.DOI: 10.1038/s41567-020-0899-4

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If Wormholes Are Actually Going to Work, They’ll Need to Look Weird – Yahoo! Voices

Photo credit: KTSDESIGN/SCIENCE PHOTO LIBRARY - Getty Images

From Popular Mechanics

In a new, unreviewed paper, researchers suggest the conditions that could have created stable wormholes.

By applying quantum ideas to standard gravity, the researchers were able to satisfy the requirements to make a traversable wormhole.

Their solution is for a pseudosphere instead of a sphere, making the math more amenable.

Could the first stable wormholes be more like ... real worms? The wormhole design that could eventually succeed is tiny and strangely shaped, Iranian researchers say. No word on whether these wormholes will appear only after a rainfall.

The hypothetical wormhole, of any shape or stability, is the result of two black holes that end up touching. But that means anything that crosses the threshold of either end is immediately sucked into the infinitely dense heart of one black hole or the other, never to return.

The series of conditions that would avoid an infinite, well, suckage past dual event horizons involves an escalating series of impossibilities based on the idea that general relativity basically doesnt apply at all. The wormhole must be held open by a material with negative mass, for example. Right now, we dont know of anything that fits the criteria.

Now, those impossibilities also have a shape. In a new paper not yet reviewed for print, researchers studied ways to use quantum physics phenomena to describe how a wormhole might function. The secret is that an impossible black hole under general relativity is improved into a supportable quantum black hole.

The researchers improve the coupling constant, which refers to a quantum phenomenon of the way particles interact, by fine tuning it with a new mathematical formula. The result is called antiscreening running coupling.

The researchers studied this solution for both spherical and pseudospherical wormholes. Though these two terms sound related, think of them more like a science and a pseudoscience: almost complete opposites. A pseudosphere looks like two trumpet bells pressed together, or a childs spinning top. The curvature is concave instead of convex like a sphere, and the math is much more complex.

Story continues

Plugging in a pseudosphere instead of a sphere, with the previously zhuzhed numbers to reflect the new running constant, turns out a black hole that saves the causal structure, satisfies null energy condition, and the matter is nonexotic, the scientists explain. Exotic matter includes hypothetical stuff that does have negative mass, for example. Finding a solution that doesnt rely on positing the existence of an exotic matter makes the wormhole a little more feasible.

The caveat here is the researchers believe theyre describing a situation that could have happened at the nano scale and near the very absolute beginning of time. It has to be noted that such a traversable wormhole is not at the astrophysical scales. It is a quantum wormhole, applicable in the very early universe, they explain. That means very tiny and when the universe itself was tiny as well.

In this delicate but stable hypothetical wormhole, a passenger can travel through the wormhole, but how possible that isand what it looks likevaries as the passenger particle approaches the throat of the wormhole.

The same way particles travel through tunnels created in quantum computers and other current schemata, they could have snuck through very tiny pseudospherical wormholes in the primordial space ooze, using quantum gravity as their guide.

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JPMorgan Shows Its Chops in Quantum Computing. Heres Why It Matters. – Barron’s

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Quantum computing has the promise to reshape industries by unleashing computing power well beyond what traditional computers have. Logistics, pharmaceuticals and financial services all stand to benefit from applying the new technology.

JPMorgan Chase (ticker: JPM) published data last week about one of its quantum-computing experiments demonstrating the banks growing expertise in that realm. The academic-style paper is a little Byzantine, but investors should pay attention, because they will be hearing more about quantum computing from other players, including Honeywell (HON), Microsoft (MSFT) and Google parent Alphabet (GOOGL) in the near future.

In this paper, we present a novel, canonical way to produce a quantum oracle from an algebraic expression, the authors of the JPMorgan paper wrote. Thats a mouthful. Canonical, in this instance, appears to mean authoritative. And according to Microsoft, a quantum oracle is a is a black box operation that is used as input to another algorithm.

Microsofts definition only raises more questions and probably doesnt help many of the uninitiated, Barrons included. Classically, an oracle answers questions about the future. That isnt a bad analogy for quantum computing. The technology is mysterious and its power not completely understood by many peopleinvestors included.

The use of a quantum oracle, in this instance, makes doing complicated math with fibonacci numbers easier than with traditional computing systems. Fibonacci numbers form a sequence in which each number is the sum of the prior two. The sequences have applications in investing and information security, among other areas.

The Morgan team ran their experiment on the new Honeywell computer based on trapped-ion technology with quantum volume 64.

Honeywell has the hardware. And just before the JPMorgan paper was released, the industrial conglomerate announced it had created the worlds most powerful quantum computer, achieving a quantum volume of 64. Essentially, Honeywell has successfully tethered six q-bits, or quantum bits, together.

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Quantum volume is an industry term. The number 64 comes from 2 raised to the power of 6. A big reason quantum computers can do more is the q-bits can have two values at the same time. Six bits can have, essentially, 64 states at once. Quite frankly, its all a little confusing.

Today, quantum computers can still be beaten in most applications by traditional computers. But quantum power is growing. The first Wright brother flight went 600 meters, Christopher Savoie, founder and CEO of quantum computing firm Zapata Computing, said. He was explaining how to think of the current generation of quantum-computing technology. The Wright brothers flight happened in 1903 and by 1918 there were air forces around the globe.

Zapata partners with Honeywell to help develop quantum programs, applications and algorithms. Zapata helps with the software running on Honeywell hardware used by JPMorgan.

The capability of [quantum computing] is exponential, Savoie said. There is a hockey-stick-like pattern that develops as more q-bits are added to the system. It will be tough to find an area of human activity where this wont help.

It is a little mind bending. But paying attention early will give investors an edge down the road.

JPMorgan stock was down more than 2% last week, worse than the 1.9% and 1% respective gains of the Dow Jones Industrial Average and S&P 500 over the same span. Honeywell shares gained 0.6% last week.

Write to Al Root at allen.root@dowjones.com

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Is teleportation possible? Yes, in the quantum world – University of Rochester

Quantum teleportation is an important step in improving quantum computing.

Beam me up is one of the most famous catchphrases from the Star Trek series. It is the command issued when a character wishes to teleport from a remote location back to the Starship Enterprise.

While human teleportation exists only in science fiction, teleportation is possible in the subatomic world of quantum mechanicsalbeit not in the way typically depicted on TV. In the quantum world, teleportation involves the transportation of information, rather than the transportation of matter.

Last year scientists confirmed that information could be passed between photons on computer chips even when the photons were not physically linked.

Now, according to new research from the University of Rochester and Purdue University, teleportation may also be possible between electrons.

In a paper published in Nature Communications and one to appear in Physical Review X, the researchers, including John Nichol, an assistant professor of physics at Rochester, and Andrew Jordan, a professor of physics at Rochester, explore new ways of creating quantum-mechanical interactions between distant electrons. The research is an important step in improving quantum computing, which, in turn, has the potential to revolutionize technology, medicine, and science by providing faster and more efficient processors and sensors.

Quantum teleportation is a demonstration of what Albert Einstein famously called spooky action at a distancealso known as quantum entanglement. In entanglementone of the basic of concepts of quantum physicsthe properties of one particle affect the properties of another, even when the particles are separated by a large distance. Quantum teleportation involves two distant, entangled particles in which the state of a third particle instantly teleports its state to the two entangled particles.

Quantum teleportation is an important means for transmitting information in quantum computing. While a typical computer consists of billions of transistors, called bits, quantum computers encode information in quantum bits, or qubits. A bit has a single binary value, which can be either 0 or 1, but qubits can be both 0 and 1 at the same time. The ability for individual qubits to simultaneously occupy multiple states underlies the great potential power of quantum computers.

Scientists have recently demonstrated quantum teleportation by using electromagnetic photons to create remotely entangled pairs of qubits.

Qubits made from individual electrons, however, are also promising for transmitting information in semiconductors.

Individual electrons are promising qubits because they interact very easily with each other, and individual electron qubits in semiconductors are also scalable, Nichol says. Reliably creating long-distance interactions between electrons is essential for quantum computing.

Creating entangled pairs of electron qubits that span long distances, which is required for teleportation, has proved challenging, though: while photons naturally propagate over long distances, electrons usually are confined to one place.

In order to demonstrate quantum teleportation using electrons, the researchers harnessed a recently developed technique based on the principles of Heisenberg exchange coupling. An individual electron is like a bar magnet with a north pole and a south pole that can point either up or down. The direction of the polewhether the north pole is pointing up or down, for instanceis known as the electrons magnetic moment or quantum spin state. If certain kinds of particles have the same magnetic moment, they cannot be in the same place at the same time. That is, two electrons in the same quantum state cannot sit on top of each other. If they did, their states would swap back and forth in time.

The researchers used the technique to distribute entangled pairs of electrons and teleport their spin states.

We provide evidence for entanglement swapping, in which we create entanglement between two electrons even though the particles never interact, and quantum gate teleportation, a potentially useful technique for quantum computing using teleportation, Nichol says. Our work shows that this can be done even without photons.

The results pave the way for future research on quantum teleportation involving spin states of all matter, not just photons, and provide more evidence for the surprisingly useful capabilities of individual electrons in qubit semiconductors.

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Is teleportation possible? Yes, in the quantum world - University of Rochester

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