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Will Google Be The First To Achieve Quantum Computing Supremacy? – Wall Street Pit

For more than seven years (starting in 2009), Google has been collaborating with D-Wave Systems, a Canadian tech startup which at the time claimed to be the first company to produce a commercial quantum computer. In 2013, Google even bought D-Wave Two, one of D-Waves machines.

Sadly, a number of tests published in 2014 debunked D-Waves claims their machines were not doing any better than traditional computers because they did not seem to be using quantum physics to solve problems and run computations. Or simply, their machines werent quantum computers at all.

It was in that same year when University of California professor John Martinis joined Google to establish a quantum hardware lab in Santa Barbara. His mission was to develop his own versions of the kind of chip being used inside a D-Wave machine. In other words, he was tasked to make improvements on D-Waves hardware based on the premise that their chip had the kind of quantum physics needed to do quantum computing, it just wasnt working the right way to deliver the superior computational power that a quantum computer is supposedly capable of.

Three years later, Martinis has given himself a clear deadline: he says that by the end of 2017, his team will be the first to achieve quantum supremacy, meaning, they will be able to build the first true quantum computer. And his confidence stems from the fact that they are now ready to test the quantum chip they have been working on for the past few years.

As reported by the MIT Technology Review, Googles quantum chip has 6 qubits arranged in a 2 by 3 configuration which, according to Martinis, shows that the technology will work when the qubits are arranged side by side as they will need to be in bigger devices.

The use of qubits (short for quantum bits) is what makes the high speed computational power of quantum computers possible. Conventional computers process data through bits which can represent 0 or 1. Quantum computers, on the other hand, process data by using qubits that can represent 0, or 1, or 0 and 1 simultaneously through the bizarre quantum process known as superpositioning or the ability of being in two different states at once.

Aside from showing its feasibility for large scale application, Googles 6-qubit arrangement is also a test to show if initially using one chip to store the qubits and another chip for the wiring that controls the qubits before eventually bump bonding them together will work. Apparently, the results are positive. Which is why the team is now moving fast forward.

According to Martinis, their quantum supremacy experiment would require a 49-qubit grid. And they are now in the process of designing 30 50 qubit devices for this purpose.

Pulling off this experiment of making a 50-qubit device actually perform quantum computations is a giant leap that will push Google to the forefront of the race to build the first quantum computer. Make no mistake about it, if successful, this will be a giant step forward. That said however, the finish line is still quite far off and theres much more work that needs to be done.

Still, a step forward is always a welcome development. And everyone at Google (and probably even the rest of the scientific community) is excited about the prospect of witnessing the realization of a technology that has so far been elusive and one which could fundamentally alter the way our society operates.

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Microsoft boosts Aussie quantum computing team – ARN – ARNnet

Microsoft has reportedly confirmed plans to double the size of its Station Q quantum computing lab in Sydney, in a move that will see 20 more researchers come on board.

As reported by sister publication, Computerworld, Microsoft is hoping to bump up its research ranks in a bid to double down on its goal to build a scalable quantum computer.

Station Q Sydney and the Quantum Nanoscience Laboratory are part of the Centre for Quantum Machines, directed by Professor David Reilly at the University of Sydney.

Late last year, Microsoft flagged that it wanted to double down on its commitment to quantum computing, with plans to bring two leaders in the field, Reilly, and fellow researcher, Matthias Troyer, into its ranks.

Reillys hire was announced earlier this year, with Microsoft taking the researcher on in a bid to build out its quantum systems.

Now, Reilly is picking up the pace.

We're in significant ramp up phase, he told Computerworld. We'll be bringing on more than an additional 20 engineers or so to this group in the next six months.

And then beyond that you know I would expect that things will continue to ramp up. We're hiring, he said.

The new additions are set to help Microsoft ramp up the development of its quantum system, which is based on a type of qubit or unit of quantum information called a topological qubit.

Microsofts quantum team believes that topological qubits are better able to withstand challenges such as heat or electrical noise, allowing them to remain in a quantum state longer. This is expected to make them more practical and effective.

While the company Microsoft works on its quantum computing prowess, its also creating the software that could run on it, with a goal is to have a system that can begin to efficiently solve complex problems from the very beginning.

Plans for the new quantum hires come just weeks after Microsoft unveiled plans to build a new inside sales centre for Asia in Sydney, in a move expected add 120 new jobs.

The vendor said it chose Sydney as the location for one of its four global Inside Sales Centres and that 120 digital inside sales professionals were being recruited to serve customers from the "state-of-the-art" centre being established in the NSW capital.

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What is vSphere 6.5 encrypted vMotion and how does it work? – TechTarget

VMware vMotion allows a live migration of operational virtual machines between host systems. The technology has...

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been around for years and is well-proven. But the risk of compromise due to unencrypted data moving across the network (in flight) has promoted VMware to add encrypted vMotion in vSphere 6.5.

Encryption can ensure that any data involved in a migration arrives at a destination host intact and unaltered -- you can't read or change the encrypted content.

Although encrypted vMotion is easy to enable, it's important for administrators to understand the associated rules. Storage vMotion supports encryption, but only if the disk volume is already encrypted. If the disk volume isn't encrypted (at rest), Storage vMotion isn't available (in flight).

Encrypted vMotion also works for VMs. A VM that is already encrypted -- with VM encryption -- will always use vSphere encrypted vMotion. You can't turn off encryption in flight when the VM is already encrypted at rest. Encryption will continue for migration even if the VM encryption is later removed (disabled) or until the migration preference is manually changed.

However, if a VM is not already encrypted, administrators can choose to forego encryption (disabled), use encryption if the destination host is ESXi 6.5 compatible (opportunistic), or enforce encryption where migration isn't allowed if the destination host doesn't support it. This behavior can complicate environments where different versions of vSphere/ESXi may be in use. To make full use of vMotion encryption, all destination systems will need vSphere/ESXi 6.5 or later.

An interesting attribute of encrypted vMotion is that the encryption/decryption process takes place on a per-VM level. That means the VM is encrypted instead of the network. This eliminates any encryption-sensitive network configuration changes or certificate management issues that can complicate typical encryption techniques.

VCenter produces a random 256-bit key, along with a random 64-bit one-time code (a nonce). VCenter sends the key and code to both the source and destination host -- guest operating systems don't have access to the encryption keys.

The source uses the key and code to encrypt the VM, and the destination uses the same key and code to decrypt the VM. Users can't play back or hack the VM's migration data stream because of the use of a one-time code.

Beyond the need for vSphere 6.5 or later, there are several issues to consider when planning for vMotion encryption. First, you need an encryption key management system outside of vSphere. There can be an impact on the backup processes because there is only support for Ethernet backup traffic. This means cross-SAN backups are not available. In addition, options such as suspend/resume, VM encryption with snapshots, vSphere replication, and content library features are not currently supported.

VSphere 6.5 emphasizes security

Using virtualization security management to protect your infrastructure

How Horizon 7 Smart Policies gives security a boost

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Altcoins Planning Segwit Integration Experience Price Pumps – Nigeria Today

Over the course of the past few months, a bunch of altcoins are jumping on the Segregated Witness (Segwit) bandwagon. Currently, cryptocurrency enthusiasts are focusing in on Litecoin (LTC) markets because the price is pumping as Segwitnears activation on the LTC network.

Also read:The Great Price Divide Widens During Bitcoins 2017 Rise

The scaling debate has been ongoing for years, and some bitcoin proponents believe one protocol change called Segwit may help bitcoin scale. However, Bitcoin signaling for Segwit is still low as only 30-34 percent of explicit mining pool support at any given time is dedicated to the Segwit protocol. Since support for Segwits Bitcoin network integration has stalled, some altcoin communities and developers have decided to implement Segwit into a few alternative cryptocurrencies.

This past February, members of the Litecoin network started signaling support for the Segwit protocol with a lower activation threshold of 75 percent, compared to the 95% treshold proposed for Bitcoin Segwit activation. Now the network is nearing the activation lock-in point, and Litecoin may see Segwit integration very soon. Moreover, over the past few weeks, Litecoins price has spiked significantly from $4 per LTC to above $14 at the time of writing. Furthermore, Litecoins market capitalization is drawing close to reaching the $1 billion mark as LTCs market share currently captures roughly $731 million.

Its safe to say that many people believe the Litecoin price rise is due to Segwit support reaching the 75 percent threshold. One Litecoin supporter expressed his enthusiasm stating;

75% hit with massive support. 1801 blocks left to maintain and get locked into the moon!

Litecoin is not the only altcoin on the block that wants to try and implement the Segwit protocol. Other digital asset communities have also added Segwit to their development roadmaps. The list of tokens implementing Segwit include altcoins such as Viacoin, Vertcoin, Syscoin, Groestlcoin, and Digibyte. Just like Litecoin all of these digital currency markets have seen price spikes that many are attributing to upcoming Segwit integration.

Since these coins have jumped on the Segwit bandwagon, many believe these communities have opted to integrate the protocol just to get a price pump. Many of the tokens have been very low on the market capitalization totem poll for quite some time. However, since opting to implement the scaling protocol originally proposed for Bitcoin, alternative currencies such as Vertcoin, Viacoin, Syscoin, Groestlcoin, and Digibyte market shares have increased by 15-35 percent across the board since planning for Segwit. Adding Segwit to these altcoin roadmaps has temporarily revived these low volume markets for the time being, giving them a second chance at life.

As Litecoin Segwit activation approaches, many will be watching to see what happens during the change and after the fact. As far as some cryptocurrency proponents are concerned, the LTC network Segwit integration could be a good test bed for the protocol in a real world setting. Moreover, Litecoin supporters are already speculating implementing the Lightning Network to LTCs infrastructure as well. Litecoin creator Charlie Lee has been rallying for the LTC network to adopt Segwit for a while now and it looks like he just might get his wish.

With Segwit and Bitcoins current block scaling deadlock, I see a potential for Litecoin to help Bitcoin break through this deadlock, explains Lee. Litecoin can take a lead and be a positive force in the cryptocurrency space.

What do you think about Litecoin and other altcoins joining the Segwit bandwagon? Let us know in the comments below.

Images via Pixabay, r/litecoin, and Bitcoin.com.

We got it all at Bitcoin.com. Do you want to top up on some bitcoins? Do it here. Need to speak your mind? Get involved in our forum. Wanna gamble? We gotcha.

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US Regulators to Review Decision Denying Bitcoin ETF Filing – Fortune

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The U.S. Securities and Exchange Commission plans to review its decision last month to block the listing of the first U.S. exchange-traded fund tracking the digital currency bitcoin, a regulatory filing showed on Tuesday.

A more-than-three-year effort by investors Cameron and Tyler Winklevoss to convince the SEC to allow it to bring the Bitcoin ETF to market stalled when the agency's staff ruled against them in March.

Bitcoin is a virtual currency that can be used to move money around the world quickly and with relative anonymity, without the need for a central authority, such as a bank or government. A fund holding the currency could bring more professional investors to the asset and push its price higher.

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Yet bitcoin presents a new set of risks to investors given its limited adoption, a number of massive cybersecurity breaches affecting bitcoin owners and the lack of consistent treatment of the assets by governments.

Bitcoin traded up 1.7% at $1274.99 earlier on Tuesday. The digital currency has rebounded after initially plunging following the SEC's initial decision calling the digital currency market "unregulated."

CBOE Holdings's ( cboe ) Bats exchange had applied to list the ETF and appealed to the commission to review its staff's decision. The exchange did not immediately respond to a request for comment.

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Bitcoin carries digital-currency market capitalization past $30 billion – MarketWatch

The combined market capitalization of all cryptocurrencies late Monday surpassed $30 billion for the first time, according to digital currency tracking website Coin Market Cap.

That means the size of the nascent digital currency market is now worth more than twice the value of Twitter Inc TWTR, -0.34% and is equal to nearly half the market capitalization of Netflix Inc. NFLX, +5.79%

Bitcoin and most of its largest rivals have appreciated sharply since the beginning of the year as investors turn to cryptocurrencies as a hedge against traditional assets like stocks, said Charles Hayter, founder and chief executive of CryptoCompare, a provider of data and analytic on the cryptocurrency market.

Meanwhile, a surge of adoption in countries like India and Venezuela has helped offset falling trading volumes in China, formerly the worlds largest bitcoin market.

The price of a single bitcoin BTCUSD, +1.09% climbed 3.1% on Tuesday to trade at $1,262 on Tuesday as the Securities and Exchange Commission said it would review its rejection of a proposed rule change that wouldve allowed the Winklevoss Bitcoin Trust to begin trading on the BATS BZX exchange. Bitcoin has risen more than 30% since the start of the year. The price more than doubled in 2016.

Read: This digital currency is about to succeed where bitcoin has failed

Read: Bitcoin traders are losing confidence in the rally

Read: Heres why bitcoin just hit an all-time high

The agency rejected two proposed bitcoin exchange-traded funds in March, citing concerns about the lack of regulation, and the ability of authorities to root out market manipulation.

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Cryptocurrency Market Cap > $30 Billion, an All-Time High … – CryptoCoinsNews

The combined market value of all cryptocurrencies in circulation has pushed beyond the significant milestone of $30 billion for the first time ever, underlining the ever-expanding interest in digital currencies and the blockchain technology.

Data from CoinMarketCap reveals bitcoin as the top dog among cryptocurrencies, valued at over $20 billion. Bitcoin prices scaled $1,275 today (a high of $1,280 on the Bitstamp Price Index at press time) as the worlds most prominent cryptocurrency is valued at over two-thirds of the total cryptocurrency market cap.

Inversely, however, bitcoin has dropped in the overall market share, which makes for good reading for the overall cryptocurrency ecosystem. Bitcoins market share among cryptocurrencies peaked at an all-time high of 96.20% in November 2013 (the days leading up to Japanese exchange Mt. Goxs implosion). At the start of 2017, bitcoins market share reached 87.88% before dropping to a then all-time low of 71.75% in mid-March.

Bitcoins dominance in market value is warning further as other cryptocurrencies make gains, dropping to an all-time low below 65% in early April.

The altcoin market has soared since the turn of the year with the likes of Ethereum, Dash, Monero and Ripple making significant gains.

Ethereum, the second largest cryptocurrency after Bitcoin began the trading around $8 per coin in January this year. By the early days of March, ETH had more than doubled to $20 but the gains were only beginning. By the end of the month, Ethereum was trading above $50 per coin and continues to do so at the present time. Collectively, this amounts to a market cap of above $4.5 billion.

The third and final cryptocurrency of the billion-dollar club, Ripple, rose from $237 million in market capitalization at the turn of the year to an all-time high of $2.08 billion earlier this month, scaling nearly 9x. Ripples market cap currently stands at $1.2 billion. A number of new features and integrationswith major banks around the world have helped spur investors faith in Ripples token, XRP.

Altogether, the combined altcoin market cap has grown from $2.207 billion at the beginning of the year to an all-time high of $10.32 billion.

Featured image of ballons mass ascension from Shutterstock. Charts from CoinMarketCap.

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What is a Cryptocurrency Testnet? – The Merkle

People actively involved in bitcoin and cryptocurrency will have heard developers refer to the testnet on more than one occasion. However, a lot of people still do not realize what such a testnet is, or why it is even useful. One should never underestimate the power of a testnet by any means, as it provides a valuable testing ground for future changes made to a particular cryptocurrency.

One of the primary reasons why a testnet exists is for developers to perform specific tests. To be more specific, when bitcoin developers try to introduce some changes to the protocol such as Segregated Witness they have to ensure the concept is thoroughly tested first and foremost. This can be done relatively easily on the testnet, since it is an alternative version of the primary Bitcoin blockchain.

As one would expect, currency stored in bitcoin wallets on the regular network are not visible on the testnet. However, the testnet has its own set of bitcoins, also referred to as testnet coins. These coins have no value whatsoever, though, and cannot be traded don any exchange. However, the coins can be used to perform testnet transactions, ensuring everything is working as expected.

The primary reason why the testnet is so important is for developers and other coders to experiment with new code and solutions. In doing so, they are not disturbing the main bitcoin network, nor are they forced to use bitcoins which actually have a value. More importantly, if a proposed code change were to go awry, it will have no impact on the main bitcoin ecosystem. The testnet is a pure testing environment and should always be treated as such.

It is worth mentioning there have been quite a few iterations of the bitcoin testnet. Testnet1 was designed first as you would expect. When testnet2 came around, it introduced an official testnet reset with a different genesis block. This change was necessary as some people traded testnet coins for real money.

As of right now, the network uses Testnet3, which was part of the Bitcoin Core 0.7 release. Once again, a new genesis block was introduced to avoid the mining difficulty from ramping up or decreasing too fast. Theoretically, there is a fourth bitcoin testnet, although it is only used for Segregated Witness. This bitcoin scaling solution was first tested on the SegNet, which saw the light of day on December 21st of 2015.

As one would expect, the bitcoin testnet sees far fewer transactions compared to the main blockchain. That is only normal, since very few users actively transact on the testnet on a daily basis. It also has a much smaller blockchain due to there being far fewer transactions taking place. As of right now, the testnet blockchain is roughly one tenth of the main bitcoin blockchain.

Every cryptocurrency in existence has their own testnet, all of which are activelyused by developers to introduce new features. To be more specific, every developer should usethe testnet availability, although not all of them may do so in the end. Every testnet has its own wallet system to test transactions, and there are quite a few faucets out there which will disperse testnet coins to new users.

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Bank of Korea: Costs Could Limit Cryptocurrency Use – CoinDesk

South Korea's central bank has published a new working paper on cryptocurrencies.

Drafted by researchers from the Bank of Korea and Seoul's Hongik University,the paperseeks to identify factors that could drive the use of a blockchain-based currency over a government-issued one.

According to the authors, there is likely to be a symbiotic relationship between both economies should digital currencies become more widely used. Namely, when the cost of using one currency rises, the other is likely to fall, they speculate, thereby increasing the attractiveness of the other option.

Yet, they believe costs will keep the systems in balance.

The authors write:

"High costs of using fiat currency increase the demand for digital currency. Similarly, high costs of using digital currency relative to fiat currency raise the demand for fiat currency. In a world of imperfect currencies with uncertain costs associated with the use of a currency, it is unlikely that the relative costs of using digital currency will be low enough to drive out and accordingly crowd out fiat currency entirely."

The research fits into a broader trend among central banks, which are investigating the deployment of digital currencies, both by the institutions themselves as well as other groups or organizations.

Indeed, the authors posit that their research could give financial regulators greater insights into these dynamics as such systems become more prevalent.

"The result of our paper can be useful to policymakers and regulators who want to have insights in the new monetary system where a privately issued digital currency coexists with a central bank issued fiat currency," the authors write.

The paper is the latest work for Bank of Korea, which has been among the more vocal and progressive central banks on the issue of blockchain tech.

Image Credit: TK Kurikawa / Shutterstock.com

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Cloud Services and Cryptocurrency Mining Malware – newsBTC

Microsoft suggests certain precautions against cryptocurrency mining malware on its cloud services. Read more...

In the past few years, the definition of IT infrastructure has changed from self-hosted servers and data centers to cloud computing and virtual machines. The cloud services became popular mainly because of the flexibility in terms of capacity and performance it offers. The cloud services providers like Amazon Web Services, Azure, etc., have the capability to supply virtually unlimited processing power, bandwidth, and storage. These features make it attractive for customers as they can run their applications without worrying about limitations.

While it is advantageous to have a pay-as-you-go cloud subscription to run ones web applications and other software, it can also turn out to be a pain if the user gets careless. Without proper attention to security and safety of the process, these cloud hosting/storage accounts can be hacked using malware and viruses to not only steal data but run processor intensive tasks at the customers expense. Cryptocurrency mining is one such process intensive task for which cloud-based machines are an ideal fit when it comes to the available processing power. But the cost of running such process sometimes costs many times more than the amount of cryptocurrency mined.

However, hackers dont have to care about it as the original owners of the cloud services account will be footing the bill while all mined cryptocurrencies will go to the respective wallets of cybercriminals. At the same time, the cloud solutions providers have got certain security features in place which prevents or at least detects such threats in most of the cases. In a recent blog post, Microsoft discusses a case involving such malware and the role of Azure Security Center and Threat Intelligence in detecting and assisting in disabling the threat.

According to the blog post, Azure Security Center played a significant role in helping researchers discover a ring of mining activity involving Cryptonight based cryptocurrency. The security software detected one of the accounts being compromised by what appeared to be a patch for pirated software. As the cybersecurity team started monitoring the instance, they discovered that the malicious scripts were connecting to Sharkcoin cryptonet pool. The cryptocurrency mining services were found disguising themselves as legitimate Windows services, hiding in plain sight. The cryptocurrency mining malware was found to be communication with an IP address in Korea, casting speculations about its origin.

In the same blog post, Jessen Kurien from Cloud Security Investigations & Intelligence at Microsoft Azure Security also lists few remediation steps which includes; resetting passwords, running a Defender scan, updating critical and security OS updates to all virtual machines, ensuring all OS configurations are in accordance with recommended settings, conducting regular backups and avoiding usage of cracked/pirated software.

Microsoft also recommends Azure users to configure Azure Security Center to send email notifications so that it can send out updates to the users in case of any suspicious activity.

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