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Will this computer lab do for the DC area what the PC did for Silicon … – WTOP

September 25, 2023 | Author: admin

There's only a handful of legitimate Quantum companies in the world, and none of them have labs like the one that just opened at IonQ in College Park.

The ribbon cutting event for the National Quantum Lab on Sept. 19, 2023. (WTOP/John Domen)

In fact, theres only a handful of legitimate quantum companies in the world, and none of them have labs like the one that just opened at IonQ in College Park, Maryland.

Its why University of Maryland President Darryll Pines called the D.C. area the capital of quantum during the ribbon cutting event for the National Quantum Lab, known as the Q Lab, on Tuesday.

Its in its infancy, but its developing quickly, and will continue to advance by leaps and bounds, Pines said. This space will enable users from across the nation and around the world to work together on the next generation of engineering and computer science space and deliver meaningful breakthroughs in the future.

According to Pines, Quantum has the potential to unlock exponential advances in technology that will change every persons life on this planet.

The CEO of IonQ, Peter Chapman, said it will help power many of the breakthroughs you only see in the likes of science fiction stories.

This machine will plug into a couple of standard wall sockets, and be able to rival the worlds largest supercomputers, said Chapman, holding up an object smaller than a box of baking soda. Just to give you an idea of the computational power if I collected all the cellphones of all the humans on the planet and I use that as a supercomputer, you would be equal to about one of these chips.

I dont even think we can imagine what 20 years from now will be with quantum, he added.

The collaborative space concept was inspired by what the Department of Energy does with its own National Labs.

People come to them with their problems and say, Hey, if I can get this much time on your machine, I can deliver this kind of results, I can solve this problem,' explained John Sawyer, the director of strategic research initiatives at the university. So we are doing that with quantum computers, with the additional support to actually help people understand what a quantum computer can really do.

How did the University of Maryland get to this point first?

Overcoming the intellectual property barriers is often very hard, said Sawyer. A lot of people like to keep their cards close to their chest. And so the university is actually serving as kind of a buffer to enable these other users, whether thats coming from industry or the universities, to come in and work with them in a controlled space where you can share enough to be useful without putting at risk some of the secret sauce.

Ken Ulman, the chief strategy officer for economic development at the university, argued that this emerging computer industry will do for the D.C. area what the computer did for Silicon Valley and northern California, and that quantum companies are already moving in nearby.

There were local politicians at the ceremony including Maryland Sen. Ben Cardin and Maryland Senate President Bill Ferguson but both made clear that what quantum computing does is beyond their expertise.

On the other hand, Lt. Gov. Aruna Miller joked she was disappointed some of the speeches didnt get more technical.

Quantum computing will change the world in ways we cannot even begin to imagine, said Miller, who admitted the engineer side of her was overflowing with excitement. Imagine in the areas of privacy, climate change, finance, health care, artificial intelligence and technology, solving problems in one second that would take 300 trillion years on the worlds largest supercomputer. Thats what quantum is about. Imagine that.

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Will this computer lab do for the DC area what the PC did for Silicon ... - WTOP

Xanadu and KISTI Partner to Create South Korea’s 1st Quantum … – HPCwire

September 25, 2023 | Author: admin

TORONTO and DAEJEON, South Korea, Sept. 19, 2023 Xanadu, a world leader in photonic quantum computing, and the Korea Institute of Science and Technology Information (KISTI), a leading national research institute, have partnered to create South Koreas first quantum-classical hybrid computing infrastructure for providing the regional scientific community with new research capabilities.

The quantum-classical hybrid circuit software development kit (SDK) developed through this partnership will establish the backend infrastructure to KISTIs cloud service for connecting various classical and quantum hardware platforms. Xanadus open-source software library, PennyLane, and its high-performance quantum simulator, Lightning, will be employed as foundational tools for developing this SDK, empowering South Korean researchers with seamless access to hybrid computing resources and performing state-of-the-art research.

Since 1962, KISTI has played a pivotal role in bolstering South Koreas global leadership in science and technology innovation. Over the past decade, KISTI has been actively involved in a wide range of quantum projects. These include research in computational designs of quantum logic devices, as well as extending the scope of quantum circuit simulations with parallel computing in large classical computing environments. Combining Xanadus and KISTIs quantum expertise unlocks the potential to leverage the power of both classical and quantum computing technologies.

Were excited to partner with KISTI to develop South Koreas first hybrid quantum-classical infrastructure, said Christian Weedbrook, Xanadu founder and Chief Executive Officer. PennyLanes ability to run on all major quantum hardware makes it an excellent framework to base development on, and we look forward to seeing the projects that come of this.

Our mission is to build a better future with science and technology infrastructure and data, said Dr. Kim Jaesoo, President of KISTI. We are thrilled to expand our research capabilities and bring this new technology to South Korea by partnering with Xanadu.

About Xanadu

Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the worlds leading quantum hardware and software companies. The company also leads the development of PennyLane, an open-source software library for quantum computing and application development.

About the Korea Institute of Science and Technology Information

KISTI is a Korean national research institute that leads high performance computing (HPC) R&D activities in South Korea. Founded in 1962, KISTI has been participating in the national flagship project launched to develop a 50-qubit full-stack quantum computer, with a major role in the development of a parallelized quantum circuit simulator and a cloud service framework for quantum computing.

Source: Xanadu

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Xanadu and KISTI Partner to Create South Korea's 1st Quantum ... - HPCwire

Recent Updates on Foreign Investment Restrictions and Export … – Pillsbury Winthrop Shaw Pittman

September 25, 2023 | Author: admin

Simultaneously, while Raimondo acknowledged that the United States does not want to decouple from China, she held firm that the United States would not be compromising or negotiating on matters of national security. Period. Accordingly, the visit offers useful insight into U.S. policy at a critical time for the Chinese-U.S. relationship. While additional trade controls are likely in coming months, the visit demonstrates the possibility of continued dialog between both nations, informed by relevant industry stakeholders.

A Focus on Exports to ChinaThe past several years have seen significant restrictions placed on trade between the United States and China. In October 2022, the U.S. Department of Commerces Bureau of Industry (BIS) issued restrictions on exports of certain advanced computing chips to China and Russia. The BIS cited concerns about foreign adversaries use of computer chips, such as for military modernization efforts. (See Pillsburys initial analysis of these rules.)

Reports indicate that the BIS is considering amendments to its regulations which could include additional limitations, such as restrictions on cloud computing services that provide a China-located user with access to advanced chips. These reports also suggest that further revisions could be made to the technical control parameters of what is considered an advanced computing integrated circuit.

Investment RegulationIn August 2023, the Biden Administration issued a long-awaited Executive Order (EO) on outbound investment, which lays the groundwork for forthcoming regulations to require notifications or, in some cases, outright prohibit U.S. companies from making certain investments in countries of concern, including China. The EO identifies semiconductors, quantum computing and artificial intelligence (AI) as the primary areas of focus. (See Pillsburys initial analysis of the Executive Order.) Comments on the Department of Treasurys notice of proposed rulemaking carrying out the EO are due September 28.

Congress has also focused on outbound investment regulation. Included in the National Defense Authorization Act (NDAA), as passed out of the Senate, is the Outbound Investment Transparency Act (OITA), which would require companies exporting advanced semiconductors (among other covered sector technologies) to notify the Treasury Department 14 days prior to making investments in countries of concern. During Senator Caseys statements on the floor of the Senate supporting the OITA, he commented that outbound investment harms U.S. strategic interests when it facilitates technology transfer and that these investments can undermine the long-term competitiveness of American firms. Independent of the NDAAs passage, it appears likely that Congress will implement some form of outbound investment restriction or monitoring, though questions remain whether any legislation will go beyond what is already called for in the Administrations EO.

Separately, in January 2023, the U.S. House of Representatives voted to create the House Select Committee on Strategic Competition Between the United States and the Chinese Communist Party, commonly referred to simply as the Select Committee on the CCP. Over the summer, the Select Committee has launched a number of investigations into U.S. investments and business relations in China. Prior to Raimondos trip to China, the Committee wrote to Raimondo, urging her to declare that compromising on U.S. export controls with China is non-negotiablean action Raimondo did take. The Committee has made clear that they believe it is paramount to keep advanced semiconductors out of Chinas reach.

Given the increasing complexities to engage with trade in China, some U.S. companies have publicly expressed distress regarding the difficulty of operating in both jurisdictions. As noted by Raimondo on her trip to China, American firms still have a desire to do business in China and access the Chinese market.

Comments and Criticism of Limiting Semiconductor ExportsCompanies working with semiconductors at home and abroad should be mindful of the changing market landscape caused by evolving policies.

As outlined in the August 2023 EO, the prohibition on U.S. companies to sell semiconductors to countries of concern will limit Chinas ability to develop AI products in the short term. Companies that export chips to China have made clear that in response to export controls, China will dedicate massive resources to accelerate companies specializing in the development of graphics processing units (GPUs). American companies have also raised concerns about the long-term impacts of overly broad restrictions on exports to China, which can cause China to develop its own capabilities, impact visibility on technology developments in China, and result in displacing U.S. technology worldwide.

Chinas Ministry of Commerce, in reaction to the announcement of the 2022 export block, noted that the restrictions on advanced computer chips to China would hinder international scientific and technological exchanges and economic cooperation, and have an impact on the stability of global industrial and supply chains and the recovery of the world economy. To support the manufacturing strategies of domestic semiconductor companies, the China Integrated Circuit Industry Investment Fund, known as the Big Fund, is set to launch a $40 billion investment fund, backed by the Chinese government. This would be the largest fund to datetwo prior funding rounds were released in 2014 and 2019. The goal of the fund is to make China self-sufficient. While it will take time to raise the investments and see results from the Big Funds initiative, it is indicative of the governments dedication to build up its domestic capacity in light of international restrictions.

Engagement OpportunitiesCompanies that may be impacted by future outbound investment regulations should submit comments and feedback to the Department of Treasury before the September 28 deadline. In addition, some companies may seek the opportunity to meet with members of Congress to help educate on chip supply chain issues as it relates to AI. Senator Schumer (D-NY), who announced the SAFE AI Innovation Framework in June, is hosting the AI Insight Forum this fall. On September 13, Schumer held a closed-door meeting with high-profile tech leaders to discuss potential AI regulation. The meeting was attended by 60 senators who, according to Schumer, all agreed that the government must play a role in regulating AI. Several bills and frameworks have already been proposed or discussed on the Hill, and we expect more to be introduced as the Senators glean more information during forum meetings. Companies may want to reach out to those attending the meeting, as well as coordinate with Senate staff to be involved in future AI Insight Forums.

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Recent Updates on Foreign Investment Restrictions and Export ... - Pillsbury Winthrop Shaw Pittman

SoftBank and the University of Tokyo Collaborate on Quantum … – OPP.Today

September 25, 2023 | Author: admin

Japanese operator SoftBank and the University of Tokyo have entered into a joint research collaboration to explore the business applications of quantum computing. The collaboration includes SoftBanks membership in the Quantum Innovation Initiative Consortium (QII Consortium), which is operatedthe University of Tokyo. The goal of the collaboration is to strengthen industry-academia collaboration, accelerate research and development, and verify use cases using the IBM Quantum System One, a quantum computer with a 127-qubit processor.

In addition to exploring the potential of quantum computing, SoftBank and the University of Tokyo plan to link the system with mobile communication technologies such as 5G, IoT, and future 6G systems. This integration aims to contribute to the social implementation of quantum computers, furthering their practical application in society.

The QII Consortium was established to build an ecosystem of quantum computing technologies and promote relevant research and development activities. SoftBank is currently conducting use case validations in fields like quantum chemistry, quantum machine learning, and optimization.

Both SoftBank and the University of Tokyo have expressed their commitment to advancing quantum research in Japan. By exclusively using a quantum computer with a 127-qubit processor installed in Japan, the University of Tokyo aims to lead in application development in the era of quantum computing.

SoftBank sees its membership in the QII Consortium as an opportunity to contribute to quantum research and pursue the practical use of quantum computing. The company envisions equipping its next-generation social infrastructure with quantum computers to accelerate the digitalization of society.

This collaboration follows SoftBanks previous joint research agreement with Keio University in the field of quantum computers. The initial focus of the research is on quantum chemistry, specifically the analysis of molecules and nuclei using Noisy Intermediate-Scale Quantum (NISQ) computers.

Overall, the collaboration between SoftBank and the University of Tokyo demonstrates their commitment to advancing quantum computing technology and exploring its potential for business utilization. The integration of mobile communication technologies further highlights the goal of implementing quantum computers for societal benefit.

Sources: SoftBank collaborates with University of Tokyo for quantum computing research SoftBank, University of Tokyo partner on quantum computing research

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SoftBank and the University of Tokyo Collaborate on Quantum ... - OPP.Today

Charted: The Exponential Growth in AI Computation – Visual Capitalist

September 25, 2023 | Author: admin

Charted: The Exponential Growth in AI Computation

Electronic computers had barely been around for a decade in the 1940s, before experiments with AI began. Now we have AI models that can write poetry and generate images from textual prompts. But whats led to such exponential growth in such a short time?

This chart from Our World in Data tracks the history of AI through the amount of computation power used to train an AI model, using data from Epoch AI.

In the 1950s, American mathematician Claude Shannon trained a robotic mouse called Theseus to navigate a maze and remember its coursethe first apparent artificial learning of any kind.

Theseus was built on 40 floating point operations (FLOPs), a unit of measurement used to count the number of basic arithmetic operations (addition, subtraction, multiplication, or division) that a computer or processor can perform in one second.

FLOPs are often used as a metric to measure the computational performance of computer hardware. The higher the FLOP count, the higher computation, the more powerful the system.

Computation power, availability of training data, and algorithms are the three main ingredients to AI progress. And for the first few decades of AI advances, compute, which is the computational power needed to train an AI model, grew according to Moores Law.

Source: Compute Trends Across Three Eras of Machine Learning by Sevilla et. al, 2022.

However, at the start of the Deep Learning Era, heralded by AlexNet (an image recognition AI) in 2012, that doubling timeframe shortened considerably to six months, as researchers invested more in computation and processors.

With the emergence of AlphaGo in 2015a computer program that beat a human professional Go playerresearchers have identified a third era: that of the large-scale AI models whose computation needs dwarf all previous AI systems.

Looking back at the only the last decade itself, compute has grown so tremendously its difficult to comprehend.

For example, the compute used to train Minerva, an AI which can solve complex math problems, is nearly 6 million times that which was used to train AlexNet 10 years ago.

Heres a list of important AI models through history and the amount of compute used to train them.

Note: One petaFLOP = one quadrillion FLOPs. Source: Compute Trends Across Three Eras of Machine Learning by Sevilla et. al, 2022.

The result of this growth in computation, along with the availability of massive data sets and better algorithms, has yielded a lot of AI progress in seemingly very little time. Now AI doesnt just match, but also beats human performance in many areas.

Its difficult to say if the same pace of computation growth will be maintained. Large-scale models require increasingly more compute power to train, and if computation doesnt continue to ramp up it could slow down progress. Exhausting all the data currently available for training AI models could also impede the development and implementation of new models.

However with all the funding poured into AI recently, perhaps more breakthroughs are around the cornerlike matching the computation power of the human brain.

Where Does This Data Come From?

Source: Compute Trends Across Three Eras of Machine Learning by Sevilla et. al, 2022.

Note: The time estimated to for computation to double can vary depending on different research attempts, including Amodei and Hernandez (2018) and Lyzhov (2021). This article is based on our sources findings. Please see their full paper for further details. Furthermore, the authors are cognizant of the framing concerns with deeming an AI model regular-sized or large-sized and said further research is needed in the area.

Methodology: The authors of the paper used two methods to determine the amount of compute used to train AI Models: counting the number of operations and tracking GPU time. Both approaches have drawbacks, namely: a lack of transparency with training processes and severe complexity as ML models grow.

This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.

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Charted: The Exponential Growth in AI Computation - Visual Capitalist

ANN COULTER: My party – the ‘Stupid Party’ | Opinion | indianagazette.com – Indiana Gazette

September 25, 2023 | Author: admin

But MJT and Boebert will have tremendous fun doing it and get lots of press, and after all, isnt that the most important thing?

Meanwhile, the not-stupid but unfocused conservative Freedom Caucus is threatening to shut down the government unless they get concessions, primarily cuts in government spending.

I have a secret for you, GOP: No one cares about government spending. Im sure its important, and there are probably a hundred Wall Street Journal articles explaining why, but not more than 1 percent of voters will ever reward you for cutting spending.

Government spending is Republicans climate change. Weve gotten frantic warnings that the world will end if we dont cut spending for the last 50 years exactly as long as weve been warned that the world will end if we dont cut carbon emissions. Year after year, we do nothing, and yet the world doesnt come remotely close to ending.

You only have a bare majority in one house of Congress, Republicans: This is no time to be hot-shots for causes that wont get you a single vote.

But you know what would be hugely popular? Put down the Journal and look around you. Theres not a corner of this country that isnt sick to death of migrants (illegal aliens) streaming into their towns and neighborhoods. And this horror show, now playing nationwide, is 100 percent Bidens fault. 100 percent.

Even the most cosseted, liberal sanctuary cities have cried uncle, pleading for Biden to cut off the flow of illegals. Just by way of example:

In New York (sanctuary city since 1989), migrants (illegal aliens) are crawling over every square inch of the place. You cant walk down Park Avenue or through Central Park without feeling like youve stumbled into a Caracas shantytown. The migrants (illegals) are expected to cost the city $4 billion this year alone, and government estimates are notoriously low.

Mayor Eric Adams has said the migrants (illegals) are going to destroy the city, so for the past year hes been trying to dump them on other parts of the state. Were a sanctuary city! Lets ruin the suburbs instead. In response, more than 30 of New Yorks 62 counties have passed emergency measures refusing to take them.

That includes Erie County (Buffalo) 2-1 registered Democrats where smug executive Mark C. Poloncarz announced in May that it was morally repugnant to turn away migrants (illegal aliens). For the cherry on top, he added, Thou shalt love thy neighbor as thyself. Within weeks of the migrants (illegals) arriving, theyd already committed two heinous sexual assaults, and Mr. Morally Repugnant refused to take any more.

The last time New York state voted for a Republican president was in 1984. This is New York today, every day:

Republicans, are you awake?

In Massachusetts, the progressive, lesbian governor has declared a state of emergency over the migrants (illegals), requested an additional quarter-billion dollars from the legislature to deal with them and attacked the White House for a federal crisis of inaction.

Yarmouth, Mass., voted 60-40 for Biden. Today, there are daily protests outside the town hall and heated five-hour meetings to denounce the migrant influx.

When Florida Gov. Ron DeSantis sent a teeming horde of 50 illegals to progressive paradise Marthas Vineyard, this sanctuary destination called in the National Guard to remove them.

The last time Massachusetts voted for a Republican president was in 1984.

Across Chicago, a city virtually dedicated to giving succor to criminals, residents are up in arms over the migrants (illegal aliens).

Headlines:

As South Shore community activist Natasha Dunn put it, Our specific frustration lies in the continuous and blatant disregard for the safety and overall quality of life for Black residents, as many of these migrants have been dumped in our neighborhoods.

Just so were clear, the GOP is never, ever going to win the Black vote sorry, clueless donors! But Black people sure arent going to hate you for impeaching Biden over his refusal to stop inundating the country with millions of poverty-stricken, illiterate illegals, cutting into Americans government services. How many Black people do you think care about government spending? Or Whites, Hispanics or Asians for that matter.)

Generally, voters dont like government shutdowns. Theyre also not wild about a president of their own party being impeached.

If youre going to do either one, GOP, for Gods sake, at least do it for a cause thats 80-20 popular.

Ann Coulter: My Party: The stupid party! | Opinion | havasunews.com – Today’s News-Herald

September 25, 2023 | Author: admin

House Speaker Kevin McCarthy is being pressured by idiots like Reps. Marjorie Taylor Greene and Lauren Boebert to impeach Biden for his son Hunters sleazy foreign dealings and thus decimate the reelection chances of every other Republican in Congress. But MJT and Boebert will have tremendous fun doing it and get lots of press, and after all, isnt that the most important thing?

Meanwhile, the not-stupid but unfocused conservative Freedom Caucus is threatening to shut down the government unless they get concessions, primarily cuts in government spending.

I have a secret for you, GOP: No one cares about government spending. Im sure its important, and there are probably a hundred Wall Street Journal articles explaining why, but not more than 1% of voters will ever reward you for cutting spending.

You only have a bare majority in one house of Congress, Republicans: This is no time to be hot-shots for causes that wont get you a single vote.

Even the most cosseted, liberal sanctuary cities have cried uncle, pleading for Biden to cut off the flow of illegals.

The last time New York state voted for a Republican president was in 1984. This is New York today, every day:

Protests erupt outside new migrant facility in Queens

NYC migrant crisis: Staten Island demonstrators block bus during protests

NYC migrant shelter tour interrupted by shouting protesters

Hundreds protest migrant relief center located near Nassau County border

Republicans, are you awake?

Yarmouth, Massachusetts, voted 60-40 for Biden. Today, there are daily protests outside the town hall and heated five-hour meetings to denounce the migrant influx.

When Florida Gov. Ron DeSantis sent a teeming horde of 50 illegals to progressive paradise Marthas Vineyard, this sanctuary destination called in the National Guard to remove them.

The last time Massachusetts voted for a Republican president was in 1984.

Across Chicago, a city virtually dedicated to giving succor to criminals, residents are up in arms over the migrants (illegal aliens).

Residents protest plan to house 300 migrants at Hyde Park area motel

Edgewater (Chicago) residents protest as city announces plan to shelter migrants at Broadway Armory

Chicago residents protest new migrant shelter in their neighborhood, leading to delay in opening

As South Shore community activist Natasha Dunn put it, Our specific frustration lies in the continuous and blatant disregard for the safety and overall quality of life for black residents, as many of these migrants have been dumped in our neighborhoods.

Just so were clear, the GOP is never, ever going to win the black vote sorry, clueless donors! But black people sure arent going to hate you for impeaching Biden over his refusal to stop inundating the country with millions of poverty-stricken, illiterate illegals, cutting into Americans government services. (How many black people do you think care about government spending? Or whites, Hispanics or Asians for that matter.)

Generally, voters dont like government shutdowns. Theyre also not wild about a president of their own party being impeached.

If youre going to do either one, GOP, for Gods sake, at least do it for a cause thats 80-20 popular.

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Ann Coulter: My Party: The stupid party! | Opinion | havasunews.com - Today's News-Herald

Trader Warns One Blue-Chip Altcoin Is Hanging On for Dear Life, Updates Outlook on Bitcoin and Ethereum – The Daily Hodl

September 23, 2023 | Author: admin

Widely followed pseudonymous trader Altcoin Sherpa is issuing a warning on three of the top ten crypto assets by market cap.

Altcoin Sherpa tells his 196,400 followers on the X social media platform that Binance Coin (BNB), the native token of Binance Smart Chain and a utility token on the Binance crypto exchange, is hanging on for dear life.

I think its best to stay away from this one in the short term. I still think Binance is likely okay but its important to be cautious during these uncertain times.

The analysts chart suggests that the fourth-largest crypto asset by market cap lacks upward momentum after failing to break through the resistance level at around the $330 price six times since May of 2022. Meanwhile, Altcoin Sherpas chart shows that BNB has broken below a two-month-long range, with the next support level over 10% below its current price.

BNB is trading for $210 at time of writing.

Turning to Bitcoin (BTC), Altcoin Sherpa says that he is bullish on the flagship in the near term.

BTC: Still of the opinion this is going to go to $28,000 overall. Four-hour exponential moving averages all looking decent in the short term and not overextended; I think that we see another push-up.

Bitcoin is trading at $26,717 at time of writing.

In the case of Ethereum (ETH), the trader says that the price performance of the second-largest crypto asset by market cap against Bitcoin is likely to determine what altcoins do next.

ETH: The time is soon to buy altcoins for a run in my opinion would like to see ETH/BTC come a bit lower and then look for a decent sized altcoin run by the end of this year.

Generated Image: Midjourney

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Trader Warns One Blue-Chip Altcoin Is Hanging On for Dear Life, Updates Outlook on Bitcoin and Ethereum - The Daily Hodl

Toncoin Price Slides 7%, But Bitcoin BSC Continues to Defy Bearish … – CryptoPotato

September 23, 2023 | Author: admin

The crypto market continues to display volatility in September, with Toncoin (TON) falling 7% in the past 24 hours.

TON is now hovering around the $2.33 level and investors are now pondering whether this is just a minor pullback or a sign of a deeper correction.

Meanwhile, emerging crypto Bitcoin BSC (BTCBSC) continues to defy the bearish sentiment, raising $4 million in its ongoing presale event.

Toncoin has been one of the top gainers in the crypto market over the past month, rising 86% since August 19.

The coins performance has been made even more impressive, considering the broader crypto market has remained in a downtrend over this period.

While Bitcoin and Ethereum have struggled to make any significant headway, Toncoin has continuously posted higher highs and higher lows indicative of a strong uptrend.

However, over the past 24 hours, Toncoin has slid by 7%, retreating from Tuesdays high of $2.59.

Daily trading volume has also fallen 12% to $50.7 million, while the coins market cap will likely fall below $8 billion if the slide continues.

Digging deeper, data from Etherscan.io reveals that the number of unique TON holders has begun to plateau.

This could indicate that the massive growth Toncoin saw throughout August and early September might be starting to slow down.

The tapering off in new holders could be partly responsible for Toncoins recent price pullback.

Additionally, broader weakness across the crypto market is likely weighing on sentiment around TON, with the Crypto Fear & Greed Index hovering dangerously close to Fear territory.

From a technical perspective, TONs price has rejected a key resistance zone around $2.60, which was also tapped in January and February of this year.

If this resistance holds, it could mean that TON faces some short-term challenges before attempting another push.

Some investors even speculate that a consolidation phase could be on the horizon, which often occurs after a coin experiences a sharp price rise.

Toncoins value also appears to be affected by the Federal Reserves hawkish comments, which came after Fed Chair Jerome Powell opted to keep interest rates as they were on Wednesday.

Powell noted that the benchmark interest rate may be lifted once more this year to reach the 5.50%-5.75% range a move that could have a negative impact on the crypto market as a whole.

While Toncoin continues to face selling pressure, one emerging project is generating growing interest.

Bitcoin BSC (BTCBSC) has raised an impressive $4 million in its ongoing presale event, hitting its soft cap target in three weeks and setting its sights on the maximum $6 million hard cap.

BTCBSC aims to offer a second chance for investors to buy a Bitcoin-style asset at a low price, with the presale offering tokens for just $0.99 reminiscent of BTCs early days.

However, unlike Bitcoin, BTCBSC is based on the Binance Smart Chain and uses the BEP-20 standard, enabling it to offer staking rewards to token holders.

As outlined on Bitcoin BSCs staking dashboard, holders can earn yields of 130% per year by staking their BTCBSC, with rewards paid every 10 minutes.

Once Bitcoin BSCs presale ends, BTCBSC tokens will be listed on decentralized exchanges (DEXs), with 2% of the total token supply set aside to provide liquidity.

This liquidity will also be locked ensuring that early investors are protected from potential rug pulls or price manipulation.

Bitcoin BSCs team has even placed a great deal of focus on security and transparency, with the smart contract being strictly audited by Coinsult, one of the leading blockchain security firms in the industry.

As the presale heads toward its hard cap, the hype around BTCBSC continues to build hinting that it could be another breakout star, much like Toncoin.

Visit Bitcoin BSC Presale

Disclaimer: The above article is sponsored content; its written by a third party. CryptoPotato doesnt endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotatosfull disclaimer.

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Toncoin Price Slides 7%, But Bitcoin BSC Continues to Defy Bearish ... - CryptoPotato

Blockchain testing considerations – ARC

September 23, 2023 | Author: admin

While blockchain was originally developed as a secure ledger system for the cryptocurrency Bitcoin, since 2008 others have recognized the technologys value for other applications. Its versatility and potential for secure, transparent, and tamper-resistant record-keeping have led to its adoption in various other applications, including supply chain management, voting systems, identity verification, smart contracts, and more.

In its original application, blockchains key objectives were:

Decentralization: Blockchain eliminates the need for a central authority, such as a bank or government, to verify and record transactions. Instead, a network of nodes (computers) participating in a distributed ledger system verifies transactions and adds them to the blockchain.

Security: Blockchain uses cryptographic techniques to secure transactions, making it extremely difficult to tamper with or alter transaction data once it's recorded on the blockchain. This provides a high level of security against fraud and unauthorized changes.

Transparency: All network participants have visibility into every transaction on a blockchain, providing a transparent and immutable ledger. This transparency is essential for building trust in the absence of a central authority.

Trust: Blockchain allows parties to transact directly with each other without needing to trust a third party. Parties trust the mathematical and cryptographic principles governing the blockchain's operation, rather than an individual or organization.

Immutability: Once a transaction is added to a blockchain, it is nearly impossible to alter or delete it. This immutability is a fundamental feature of blockchain technology.

1. Loyalty programs

There are clear crossovers between cryptocurrency and other forms of payment transactions. Web3 loyalty programs allow brands to use blockchain to streamline the process of managing rewards, while offering customers improved access to more compelling benefits. For many consumers, these applications provide a low-risk introduction to the technology, helping them become comfortable with digital currency and blockchain with relatively low investment. Points, vouchers and loyalty rewards can be used in the same way as other forms of currency, and need to function like familiar payment flows.

2. Healthcare

Electronic healthcare records offer complete visibility into a patients medical record for everyone involved in the continuum of care, from primary care providers and specialists to emergency medical responders and pharmacists. This level of interoperability has great benefits to patients and practitioners alike. With complete access to a patients records, providers can see patterns and changes over time, and understand how different conditions may impact one another. Patients benefit from enhanced, holistic insight into their overall health.

While concerns about privacy, interoperability, decentralization and the vast infrastructure required to maintain such records has kept the matter from progressing much in the United States, other countries have begun to incorporate blockchain applications into different aspects of the healthcare system. For example, some hospitals across the UK have adopted a tool that allows patients to manage their medical data. The country of Malta uses a blockchain application to manage dynamic consent for participation in biomedical research. Estonian citizens have fully electronic health records and the ability to determine which providers have access to which records.

3. Government

In fact, Estonia showcases how the digitalization of government creates ease and efficiency when executed effectively. E-Estonia stands out as an example of blockchains potential and promise: typical government services have been connected via a single digital platform, linking all citizens and official functions. Education, healthcare, banking, voting, taxes, and legislation all occur online. Each entity whether its a bank, doctors office, school, or government organization maintains its own data, which is shared via end-to-end encrypted pathways using the governments platform.

Estonias model has inspired others to explore how blockchain can remove friction from cumbersome administrative processes. In Rhode Island, Commerce Secretary Elizabeth Tanner is looking to leverage blockchain to streamline the process of starting a business. While Tanner refers to the tech as a distributed ledger technology to avoid the negative connotations often associated with blockchain in the wake of crypto failures, she recognizes its potential for digital identity verification. Once established, the digital identity system could support a variety of initiatives to reduce state administrative costs and improve efficiency.

No matter what your application uses blockchain to do, you need to ensure it functions as intended in the real world, and works seamlessly and intuitively. The decentralized, distributed nature of blockchain makes it an excellent candidate for crowdtesting, allowing you to test under the varied real-world conditions where your apps will be put to use. Here are some quality considerations where crowdtesting can deliver valuable insight, quickly.

Scalability and load testing: Blockchain systems must handle a growing number of transactions and users. Conduct load testing to determine how the blockchain performs under heavy transaction volumes and high network activity, and assess how effectively the system can scale. Event-driven activity, like elections or ticket/voucher releases, can draw spikes in traffic make sure youre prepared to handle them.

Interoperability testing: If your blockchain interacts with other blockchains, various blockchain networks (e.g., Ethereum, Binance Smart Chain), or external systems, conduct interoperability testing to ensure seamless communication and data exchange. Test compatibility and functionality across different blockchains.

This applies to a variety of scenarios, such as smart contracts, interoperable identities, or data sharing for supply chain management. There are many applications within payments, including cross-border payments or casino and sportsbook transactions that may include loyalty points, promotional credits, microloans, and other digital currency exchanges. Its critical to validate functionality across the full ecosystem, including multiple enterprise payment instruments.

User experience testing: Evaluate the user experience, including the ease of onboarding, transaction processing times, and overall usability of the blockchain application. Gather feedback from the community to identify issues and areas for improvement. Collecting input from parties on both sides of a transaction helps shape a better experience for all users.

While the government cant lose clients, those in other industries need to ensure a smooth UX to keep users coming back. Just one bad experience can deteriorate trust. While protecting your reputation is always the best approach, testing can help brands recover credibility following negative publicity or reports of poor customer sentiment. For example, when one financial trading platform was struggling, a strong UX research program helped provide unbiased feedback about how customers perceived the company and its products. Armed with data, the organization was able to determine which policy and workflow changes and product updates would help it effectively rebuild trust.

Cross-platform testing: If your blockchain application has mobile or web interfaces, ensure that it functions correctly on various platforms and browsers, in the areas where your users are. Users expect your app to work on different devices, networks, operating systems and configurations. Make sure your app functions properly on the devices and systems your customers use most and that its localized correctly for the markets where you operate.

Testing blockchain experiences can be complex due to the distributed and decentralized nature of the technology. It's essential to conduct a comprehensive range of tests to ensure the reliability, security, and functionality of your blockchain application.

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Set your crowdtesting efforts up for success with these six steps. Learn how to select a project, develop success criteria, and lay the foundation for an effective partnership.

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