Efe Anidi

Adventures In Information Technology

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Three-Qubit System Quantum Breakthrough

Researchers from RIKEN in Japan have made a critical step toward large-scale quantum computing by showing error correction in a three-qubit silicon-based quantum computing device. This study, which was reported in the journal Nature, may contribute to developing useful quantum computers.

Because they promise to resolve significant issues that can’t be resolved by conventional computers, quantum computers are currently a hot topic of research. They use superimposition states of quantum physics in place of the simple 1 or 0 binary bits seen in conventional computers. Due to their fundamentally different construction, they are however extremely vulnerable to background noise and other issues, such as decoherence, and require error correction to do accurate calculations.

Choosing the optimal systems to act as the “qubits,” or fundamental components required to do quantum calculations is a difficult task. Every potential system has benefits and drawbacks of its own. Superconducting circuits and ions are two of the most widely utilised systems today. They have the advantage of having some form of error correction shown, allowing them to be used in practical applications, albeit on a small scale.

Silicon-based quantum technology, which has only recently begun to be developed, uses a semiconductor nanostructure similar to that routinely used to integrate billions of transistors on a small chip, it may be able to take advantage of already-in-use manufacturing technologies.

The lack of technology for error connection is a significant issue with silicon-based technologies. Two-qubit control has already been shown by researchers, but error correction requires a three-qubit system, which has not yet been achieved.

A three-qubit system, one of the largest qubit systems in silicon, was fully controlled in the current study by researchers from the RIKEN Center for Emergent Matter Science and the RIKEN Center for Quantum Computing. This achievement allowed for the creation of the first silicon prototype for quantum error correction. They accomplished this by putting in place a Toffoli-type quantum gate with three qubits.

This is a serious breakthrough in the field of quantum computing and can only lead the quantum supercomputer space hotting up with competing technologies from global research centres.  

You can find more info on RIKEN here

AMD Ryzen 7000 Series Launched

The AMD Ryzen 7000 series of processors, the newest weapon in AMD’s arsenal and possibly one of the most eagerly awaited chip announcements of the year, has finally been unveiled with several new features intended to provide a premium desktop experience. The Zen 4 microarchitecture is built using an improved TSMC 5 nm manufacturing process, which has long been known on many rumor sites.

Along with the introduction of its new Ryzen 7000 series processors and 5nm Zen 4 architecture, AMD also shared some intriguing details regarding its upcoming next-generation series, which will be available from next month.

The new AMD Ryzen 7000 series combines the Zen 4 cores on a 5nm technology, first and foremost. In terms of embracing PCIe Gen5 and DDR5, it also largely catches up to Intel’s Alder Lake, although it will outperform Alder Lake in other respects.

In particular for workloads used by video creators, AMD claims that the Ryzen 9 7950X is faster than the Ryzen 9 5950X. Not for programs like Premiere Pro and others, but primarily for rendering apps such as Blender. AMD Zen architectures typically perform admirably on rendering applications.

With AMD’s new APU series rumored to perform as well as an RTX2080 the web 3.0 and creator and gaming market are set to explode over the next 24-48 months 

You can find out more info here

Nvidia China Ai Chip Ban

As the tech crackdown deepens, the US prohibits the sale of specific AI processors to China.

Nvidia, a company that designs computer chips, claimed that US officials ordered it to cease shipping two of the best computing chips for artificial intelligence work to China. This action might seriously impair Chinese companies’ capacity to perform complex tasks like image recognition.

The business stated on Wednesday that the prohibition, which affects its A100 and H100 chips made to accelerate machine learning activities, could prevent the development of the H100, the company’s flagship chip unveiled this year, from being completed.

The new rule “will address the possibility that the covered items may be employed in, or diverted to, ‘military end use’ or a ‘military end user’ in China,” according to Nvidia, which claimed to have heard this from US officials.

The announcement denotes a significant uptick in the US’s campaign against China’s technological might as tensions over Taiwan’s future, where Nvidia and nearly all other big semiconductor companies source their chips, rise.

A representative for rival AMD told Reuters that the company had received additional license requirements that would prevent the export of its MI250 artificial intelligence processors to China, but that it does not anticipate any impact on its MI100 chips.

Chinese organisations won’t be able to efficiently do the kind of advanced computation needed for image and speech recognition, among many other jobs, without American chips from companies like Nvidia and AMD.

To the Metaverse: Africa, Costa Rica, and Ukraine?

Users of Web3 will soon be able to visit Ukraine, Costa Rica, and Africa in the Metaverse as businesses develop virtual settings for a new era of globalization.

The Metaverse is swiftly rising to the top of the list of crucial locations for businesses and people wishing to broaden their influence. According to a recent study from the company MarketsandMarkets, the market for the metaverse will expand from $61.8 billion in 2022 to $426.9 billion in 2027.

In addition, a current Juniper Research paper connects the development of nonfungible tokens (NFTs) with use cases in the metaverse. These results predict a rise in the number of metaverse-related NFTs from 600,000 in 2022 to 9.8 million in 2027.

Numerous areas of the world have begun to build a virtual presence in light of this potential. For instance, in July of this year, the emirate of Dubai announced the beginning of the Dubai Metaverse Strategy. The Dubai Metaverse Strategy, as previously reported by Cointelegraph, aims to draw foreign businesses and initiatives while also supporting metaverse education for programmers, content producers, and consumers of digital platforms.

Although the idea may seem futuristic, industry insiders think this is a natural evolution. According to Hrish Lotlikar, co-founder and CEO of Superworld, an augmented reality content platform, as Web3 technology becomes more prevalent in society, forward-thinking locales, governments, and businesses will take advantage of the Metaverse’s communication, gamification, and revenue opportunities.

Metaverse Is Essential To The Long-term Viability of NFTs?

The future course of the nonfungible token (NFT) market over the following five years was examined in a recent analysis by Juniper Research. The report predicts that by 2027, there would be about 40 million global NFT transactions, up from 24 million in 2022.

According to the study, use cases related to the metaverse would be one of the main drivers for NFT adoption. In the following five years, this subset of NFTs will have the fastest growth. By 2027, there will be 9.8 million transactions involving metaverse-related NFTs, up from 600,000 in 2022.

A positive sign for the NFT market is coming from major companies like Gucci and Adidas that have already embraced wearable technology in the digital sphere. These findings demonstrate that customers desire monetary value from their digital possessions and the ability to exchange that value with others.

This is further supported by a recent analysis from XRP creator Ripple, which examined the interest of major financial institutions in NFT. The most interesting NFTs had to do with music. In addition to building up value in a wallet, music NFTs frequently incorporate multi-utility, such as exclusive artist content and fractional ownership of royalties/song rights.

Juniper claims the report’s data is based on an adoption “medium scenario.” Despite the fact that these digital assets present fresh opportunities for growth and revenue generation, the report advises vendors to exercise caution given the prevalence of NFT scams in the industry.

Buenos Aires To Introduce Citywide Ethereum Nodes by 2023

In 2023, the city of Buenos Aires will set up several Ethereum validator nodes. Diego Fernandez, the city’s secretary for innovation and digital transformation, made the comments. He clarified that this deployment will pursue exploratory and regulatory goals and that it will assist the city in creating cryptocurrency legislation.

Cities throughout the world are incorporating blockchain and cryptocurrency projects into their growth and development strategies. According to reports, Buenos Aires will set up validator nodes for the Ethereum chain in 2023. At ETH Latam, a local event focused on Ethereum, Diego Fernandez, the city’s secretary of Innovation and Digital Transformation, reported this.

Fernandez made it clear that the city’s interest in running these nodes had an exploratory purpose and that they anticipated that doing so would provide them with a greater understanding of the Ethereum chain, enabling them to better control digital currency.

The gear to set up these nodes will be deployed by commercial companies, who will also be partnering with the local government to deploy the nodes.

Polygon Announce Gnosis Bridge

The debut of the Gnosis Bridge, a Polygon PoS Bridge for Gnosis Safe users, has been announced by the Polygon Network. The bridge was constructed as a result of the Polygon team’s decision to create a distinctive solution with a focus on cost-effectiveness, according to a recent blog post

Although maintaining a Gnosis wallet on Ethereum is safe, it is expensive because gas is needed for each transaction, according to this argument. The simplest method for Web3 teams to move their Safe assets between Polygon and Ethereum is through the Gnosis Bridge. 

Thanks to the integration, users may now use Safe’s multi-sig technology without sacrificing ease of use, cost, or security. The Polygon Bridge allows Web3 teams, including DeFi protocols and DAOs, to avoid high gas fees when moving assets between wallets and exchanges.

Celestia Blockchain Creation

Celestia is a startup that is aiming to make deploying a blockchain as simple as creating a smart contract. Celestia is modularly structured with adjustable features that provide users with the opportunity to select their execution settings, much like the new rollup-centric Ethereum vision divides the consensus and data availability levels from the execution layer. Their goal is to enable anyone to easily deploy their own blockchain with minimal overhead.

The Celestia Team intends to launch the Mainnet in 2023 after deploying the Celestia Testnet in May 2022. Before the debut, their CEO Ismail Khoffi claimed that “optimizations must be made and bugs must be eliminated.” Although Celestia has not yet released a token, it has already generated a lot of buzz due to the potential of the platform to create metaverse virtual worlds with unique blockchains. 

If you would like to read up on the project you can reach their website with the link below. 

https://celestia.org/

Will the SEC Go After Ethereum? 

The impending Merge of Ethereum may make the second-largest blockchain greener, quicker, and less expensive. However, a law professor warns that doing so could complicate regulatory issues by making ether (ETH), the network’s native asset, a security under American law.

“Ethereum will be a security after the Merge, and the case will be compelling. The token in any proof-of-stake system is probably a security” according to Adam Levitin, a Georgetown Law professor, in a tweet from July 23.

If Levitin is correct, and more significantly, if the Securities and Exchange Commission of the United States (SEC) agrees with him, then practically all exchanges that list ether would be subject to stricter regulatory restrictions. Ether has previously been viewed as a commodity, much like the cryptocurrency bitcoin (BTC).

This could have a significant impact on the adaption of cryptocurrency and smart contracts in America and further weaken an already damaged economy. 

There is a chance that Ethereum initiatives, particularly those outside of the US, will carry on. Even if these projects violate U.S. securities laws, according to Levitin, the SEC is less likely to use its little enforcement resources to bring them to justice because large, centralised corporations are simpler to take down. 

The regulation of centralised exchanges might undergo the most significant alteration. To support spot ETH trading, exchanges currently only need to register as money services businesses at the federal level and receive money transmitter licences in the states where they conduct business. If they were designated as securities, the SEC would have extra control over them.

That would at the very least result in a few exchanges leaving the USA (Kraken for starters) and new revenue models for US exchanges and more intricate consumer transactions for US citizens. Any security classification by the SEC could only lead to numerous additional negative consequences for blockchain investors and platforms within the USA.

Samsung & Web 3

Even though Web3 has demonstrated a lot of potential since its beginnings, one executive from Samsung Next believes that the utility issue is one that competitors in the industry must address.

The managing director of Samsung Next, Raymond Liao, spoke in an interview about the company’s decision to invest in MachineFi, a term used by the IoTeX project to define a futuristic paradigm in which machines replace humans as the primary workforce and are driven by Web3 technology.

Liao asserts that MachineFi has gained interest since Samsung Next focuses on investing in blockchain, artificial intelligence, and Metaverse, to name but a few.

The Samsung CEO discussed Web3 and how the crypto winter is a chance for investors in addition to MachineFi. This year is better than the last, according to Liao, which is positive for investors and product developers. The CEO had previously thought market returns were “over-exaggerated.”

The CEO further emphasised that the sector should concentrate on implementation and take on the utility issue to broaden the Web3 ecosystem rather than focusing on 10x returns.

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