Cryptocurrency Market News: Is another Bitcoin massacre brewing? – FXStreet

Here is what you need to know on Wednesday, June 17, 2020.

The battle between the bulls and the bears is far from over, at least for this weeks trading. Digital assets in the market are back to swimming in the red waters after taking a breather on Tuesday. Profit-taking is likely the reason behind the lock-step trading across the board.

As for Bitcoin, the recovery above $9,500 hit a wall under $9,600. This paved the way for sellers to increase activity, forcing Bitcoin closer to the support at $9,400. An intraday low has been traded at $9,416.18, however, the prevailing bearish trend means that the selling activity is far from over. Besides, with the volatility on the roof, a downtrend could easily refresh the levels around $9,000. For now, defending $9,400 support is key for the next recovery move towards $10,000.

Read more:Bitcoin Price Prediction: BTC/USD reversal to $9,000 could confirm rally to $10,000

Ethereum is not very different from Bitcoin. In fact, it is among the biggest losers of the day after correcting from $235.39 (opening value) to $232 (prevailing value). The path of least resistance is downwards which means that if buyers do not defend $230 support, further declines to $225, and $220 could come into the picture.

Ripple is also dealing with an increase in the number of sellers especially after failing to break above the resistance at $0.1950. On the downside, support has been formed at $0.1900; an area that remains very vital to XRPs recovery. The crypto asset is trading at $0.1915 after losing about 0.45% of its value on the day.

Read also:Ripple Price Prediction: XRP/USD recovery faces stacks of resistance levels under $0.20 Confluence Detector

As aforementioned, the entire market is in the red. Among the top 100, the most affected cryptoassets include DigiByte (-8.55%), Zilliqa (-6.81%), and Horizen (-3.18%) among others. The cryptoassets that managed to outdo the selling pressure are ABBC Coin (23.98%), Unibright (9.61%), Divi (15.75%), NEXO (16.71%), Swingborg (16.71%), Flexacoin (27.97%) and Verge (11.58%).

Cardano has continued to perform incredibly well in the last four weeks after the announcement that the long-awaited Shelly network upgrade was due in July. With the upgrade only two weeks from now, investors are positioning themselves for a possible rally above $0.1. Over the last four weeks, ADA has surged from $0.55 to $0.89 (June high). The weekend trading did not auger well for Cardano, resulting in losses to $0.70. However, recovery has been forthcoming with ADA/USD trading at $0.78 at the time of writing. The Shelly upgrade is set to commence on June 30 and will set the framework for ADA staking set to begin on August 18.

A New York-based city asset manager, WisdomTree Trust is reported to have filed an exchange-traded fund (ETF) that would see it put up to 5% of its entire asset holdings into CME Group Bitcoin futures contracts. The information regarding the filing was found in documents belonging to the Securities and Exchange Commission (SEC) in the United States.

The SEC has in the past thwarted all attempts by various companies to launch a Bitcoin ETF. The regulator cites the size of the Bitcoin market, risks of market manipulation, custody of Bitcoin as well as lack of oversight as the reason behind the many rejections. However, if approved, the WisdomTree Enhanced Commodity Strategy Fund could get Bitcoin the recognition of a normalized investment. The crypto could also get exposure among the Wall Street giants as well as the commodity markets.

The firms working in crypto-related businesses in India are confident that a new ban on ownership, trading, and other crypto-related activities is unlikely. Their message comes after rumors erupted earlier this week that the country is working on anti-crypto regulations. Indian crypto-related businesses are still recovering after a two-year ban imposed against banks extending banking services to cryptocurrency firms.

The Economics Times was the first to publish an article citing an unnamed government official who said that a bill that was proposed back in July 2019 could be revived. The bill had proposed the outlawing of cryptocurrency ownership including jail times and fines for those found in violation. Firms such as WazirX say that such rumors are overblown and highly unlikely.

Follow this link:
Cryptocurrency Market News: Is another Bitcoin massacre brewing? - FXStreet

The Zcash Privacy Tech Underlying Ethereums Transition to Eth 2.0 – CoinDesk – CoinDesk

Ethereums consensus algorithm is not the only thing changing with the launch of Eth 2.0. The underlying cryptography itself is getting an overhaul based on leading research out of the Electric Coin Company.

Called BLS12-381, the new elliptic pairing curve will securely coordinate transactions on the proof-of-stake (PoS) Eth 2.0 network, while opening up opportunities for data savings and privacy-tech solutions.

Currently, the ins and outs of that curve are being baked into the network with Ethereum Improvement Proposal 2537. That EIP is slated for delivery with the protocols 10th hard fork, Berlin, tentatively scheduled for July.

As a hard fork, Berlin will add up to four backwards-incompatible upgrades, two of which continue to be vetted and may ultimately not be included (all though that remains unlikely given all four EIPs are being implemented on various levels by each Ethereum client).

A test net, Yolo, conducting dry runs without applications, is currently underway for EIP 2537 and one other proposal, EIP 2315, which will add simple subroutines to the Ethereum Virtual Machine (EVM).

For Eth 2.0, EIP 2537 is an introduction into the interesting cryptography work underpinning the new network while answering a question Ethereum co-founder Vitalik Buterin has been pondering since the networks early days.

From 1.x to 2.0

In order to launch Eth 2.0, a technical bridge must exist between Ethereums existing Eth 1.x and Eth 2.0.

BLS12-381 undergirds one such option by building an Eth 2.0 lite client inside the current Ethereum network, according to an April Medium article by Ethereum developer Alex Stokes.

In short, Eth 2.0 will roll out in steps, beginning with Phase 0 in Q3 2020. Phase 0 will begin with the beacon chain, a coordination mechanism for investors staking funds. In PoS networks like Tron or EOS, staked funds operate as a voting mechanism and incentive to partake in verifying transactions.

Eth 1.x operates on the Proof-of-Work (PoW) algorithm and has a wholly separate cryptographic schematic called Elliptic Curve Digital Signature Algorithm (ECDSA), also employed by Bitcoin and other cryptocurrencies.

But in order to bridge the PoW and PoS networks a common tongue is needed.

Thats what EIP 2537 does by providing a cryptographic translator between the two networks in what is called a precompile of the underlying primitives of Eth 2.0. This precompile makes a lite client possible.

In practice, a lite client would be built as a smart contract inside the EVM. Its main purpose, given the clients limited functionality, would be to port ether (ETH) over to the new chain, a prerequisite for boarding people onto the new network.

Additionally, Layer 2 (L2) solutions for scaling Ethereum and Eth 2.0 could be built on the lite client, Ethereum co-founder Vitalik Buterin said in an April Ethereum Magicians post.

If we have that, then an eth2-in-eth1 client is actually not that hard, which opens the door to applications that use eth2 as an availability engine (ie. things like Plasma but waaay more powerful), Buterin wrote.

Finding the right primitive

The next iteration of Ethereum has far larger ambitions than the ECDSA can handle. Luckily, 10 years of cryptocurrency research has borne fruit in at least one subject: cryptography itself, Cloudflare cryptographer Nick Sullivan said in an interview with CoinDesk. New curves such as BLS12-381 prove as much.

Elliptic curves have been around since the mid-1980s, Sullivan said. The problem is that theyre somewhat limited in what they can do. They can do effectively classical public-key operations: digital signatures, encryption and key agreement.

Alternatively, pairing friendly curves invented in the early 2000s provide alternative security measures that aptly apply to blockchains, Sullivan said.

Invented in 2017, Electric Coin Company cryptographer Sean Bowes BLS12-381, a variant of the BLS curve invented by three cryptographic pioneers in 2003, is perhaps the most consequential for most coins today. His curve, and others like it, are the reason blockchains can scale.

BLS12-381 is a special kind of elliptic curve (a pairing-friendly curve) which enables cryptographic primitives like SNARKs and vector commitment schemes, Bowe said in an email. These primitives are very useful for improving scalability and privacy in blockchain projects.

BLS and Eth 2.0

For Eth 2.0, the advantage can be cut into three parts: data savings, privacy and interoperability.

First, BLS-styled signatures keep the necessary computation light by batching cryptographic signatures that verify transactions, according to Ethereum researcher Carl Beekhuizen in an Ethereum Foundation blog post.

If 10% of all ETH ends up staked, then there will be ~350,000 validators on eth2. This means that an epochs worth of signatures would be 33.6 megabytes which comes to ~7.6 gigabytes per day. In this case, all of the false claims about the eth1 state-size reaching 1TB back in 2018 would be true in eth2s case in fewer than 133 days (based on signatures alone).

(For reference, thats equivalent to nearly three times the weight of the current Bitcoin blockchain.)

BLS12-381 also allows Eth 2.0 to implement zero-knowledge proofs more naturally: Privacy variants of ETH could be native to Eth 2.0. In fact, BLS12-381 was hard forked into the Zcash protocol with the 2018 Sapling update as a more robust cryptographic primitive.

Moreover, the use of ECC tech on Ethereum highlights the close relationship between Buterin and Zooko Wilcox, co-founder of Zcash and the CEO of ECC. Both the ECC and Zcash teams have shown past interest in bridging the two technologies.

Thirdly, the proposal opens up interoperability between different chains such as Filecoin, Chia or Algorand and Eth 2.0, a longstanding promise of multiple other blockchains networks such as Polkadot, which announced the launch of its mainnet earlier this month.

Eth 2.0s ability to connect with other projects specifically non-Bitcoin ones could materialize in a few different ways: Perhaps Ethereum shares its value across different chains or perhaps it siphons tech away from other projects, taking their market caps with it.

Either way, Cloudflares Sullivan remains impressed by the math:

It's a really fascinating curve of how things happen from the mathematicians and the cryptographers writing about it in academic papers and then people in the engineering world started implementing it and testing it and then it's getting introduced into projects and protocols and then being part of society. And then you end up in this position where theres so many different options that its hard to know exactly which one to pick and why.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Excerpt from:
The Zcash Privacy Tech Underlying Ethereums Transition to Eth 2.0 - CoinDesk - CoinDesk

Bitcoin Rises in New Crypto Rankings by Chinese Government-Backed Institute – Bitcoin News

Chinas Center for Information and Industry Development has revised its cryptocurrency project rankings. Thirty-seven crypto projects were evaluated overall and in three sub-categories. Bitcoin has risen while the top three spots remained occupied by EOS, Tron, and Ethereum.

The Center for Information and Industry Development (CCID), under Chinas Ministry of Industry and Information Technology, published its 18th update of crypto project rankings on Thursday. The last update was in April when the review was affected by the coronavirus pandemic. This month, the same 37 crypto projects were ranked overall as well as in three sub-categories: basic technology, applicability, and creativity.

In the 18th ranking, BTC improved slightly from the April revision overall, rising from the 14th position to the 12th position. BCH fell slightly from the 31st position to the 34th spot. Meanwhile, EOS, Tron, and ETH continue to top the overall ranking.

The CCID explained in its Thursday announcement that its evaluation methodology has not changed from the previous period. The basic technology subindex accounts for 65% of the total score. The innovation subindex accounts for 20% of the total, whereas the creativity subindex accounts for 15%.

The rankings are compiled every two months by the CCID (Qingdao) Blockchain Research Institute, an entity established by the CCID. Several organizations participate in the evaluation work, including the CCID think tank and the China Software Evaluation Center. The center previously said that The result of this assessment will allow the CCID group to provide better technical consulting services for government agencies, business enterprises, research institutes, and technology developers.

According to blockchain data firm Longhash, there are currently 83,199 registered blockchain companies in China, 29,053 of which are still in operation while 59,339 companies have had their legal status or license revoked. As for cryptocurrencies, several Chinese courts have ruled that bitcoin and ethereum are legal property, protected by Chinese law. In May, Chinas top legislature passed the civil code that protects crypto inheritance.

What do you think about this CCID crypto ranking? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, CCID

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer

Read more:
Bitcoin Rises in New Crypto Rankings by Chinese Government-Backed Institute - Bitcoin News

There Might be a War Between Cryptocurrency and CBDC if the Latter is Widely Adopted – Coin Idol

Jun 19, 2020 at 10:50 // News

As the world becomes increasingly digital, more and more people turn their attention to cryptocurrencies. In fear of fiat money being replaced, governments and central banks are looking to create their own digital currency. However, as their plans will be implemented, the world might face a full-scale financial war between centralized and decentralized technologies.

While it is obvious fiat money loses its power slowly but steadily, central banks do not want to lose their supremacy at all. And it is not even about a hegemony of some certain currency, it is about control over financial markets. For if people will massively turn to decentralized cryptocurrency, banks might very well lose it.

For this reason, traditional financial institutions are cautious about bitcoin as well as other cryptocurrency. However, wishing to keep pace with the progress, even the most conservative of them must admit that digital currency has a good potential.

One benefit digital currencies have over paper money is that they reduce unnecessary paper money printing and handling costs. Think about what the $800 million the US Federal Reserve spent on printing and handling its dollar notes in 2018 could have done to the global economy. That money is 25 times bigger than the GDP of Tuvalu, which apparently stands at about $32 million.

Besides saving money for governments, digital currency can provide significant benefits for users as well. First of all, it is much more convenient that fiat money. With the abilities of modern technologies, people can make payments using their smartphones. No more wallets full of banknotes and coins, no more issues with seeking change all over your pockets.

Besides, digital currency is safer. Even if your data has been stolen, you can block access to your digital money within seconds before burglars are able to use it. If someone steals your wallet with physical money, you will not be able to get them back.

As governments and banks delve into the idea of virtual money, some of them are looking to develop Central Bank Digital Currencies (CBDCs), which work in similar ways as the fiat currencies except that they are in a digital form and issued through electronic wallets for faster distribution.

China, Denmark, South Korea and other countries are either researching or piloting the use of CBDCs. Coin Idol, a popular crypto and blockchain news channel on June 11 reported that the emergence of CBDCs could even replace traditional account opening and other bank services such as loans.

Back in 1944, world leaders gathered at Bretton Woods to install a supreme reserve currency and a central monetary system, which seemed to be reliable and stable until now. Even the appearance of cryptocurrency as an alternative in 2009 didnt pose a threat, as ordinary people were cautious about this new and unknown technology.

However, the COVID-19 pandemic and lockdown revealed the potential of digital money and made people explore this innovation after 20 years since its inception. Thus, all they have agreed upon at Bretton Woods should be changed according to the reality.

Perhaps, the world leaders should gather again to discuss and establish the new financial system based on CBDC. However, society seems to be years away from that as only China and South Korea actually proceed with its launch. The real change might start after the first CBDC will see the world.

Despite some speculation that CBDCs will completely replace cryptocurrencies, it is unlikely to be true. As no central bank is planning on launching a decentralized version of their digital currency, there will still be people preferring a less controlled alternative. And this will probably force central banks to become really hostile to cryptocurrency.

Even now, many countries have a high unfriendly position on cryptocurrencies. For instance, The Reserve Bank of India has been trying to ban the use of cryptocurrency, Russian Central Bank also showed willingness to support the crypto ban. Even the world's biggest economies China and the USA have a contradictory stance on digital assets pointing out the necessity to regulate the industry.

So if CBDCs are successfully launched and widely adopted, the pressure on cryptocurrency might increase further, as central banks would probably want to eliminate their competitor. This might result in stricter regulations imposed on cryptos in more democratic countries and official bans in less democratic ones. In fact, this can turn into a real clash between centralized and decentralized digital currencies. Which one of them has more chances to win?

See the original post:
There Might be a War Between Cryptocurrency and CBDC if the Latter is Widely Adopted - Coin Idol

This Is What the Worlds Most Powerful Quantum Computer Looks Like – Barron’s

Honeywell International announced Thursday that it has created the worlds most powerful quantum computer. And some of the things quantum computers can do are truly strange.

With a quantum volume of 64 the Honeywell quantum computer is twice as powerful as the next alternative in the industry, reads a blog post on the companys website.

A 64-volume quantum computer sounds amazing. But what is it? It means software-industrial conglomerate Honeywell (ticker: HON) has tethered together six high-functioning q-bits, or quantum bits.

OK, amazing. But who should care? The short answer is everyone.

Its tough to find an area of human activity where [quantum computing] wont help, Christopher Savoie, CEO of Zapata Computing, tells Barrons.

Quantum computing is still in its infancy, and the science is daunting, to say the least, but Savoie has a useful analogy. The Wright brothers took their flight in 1903, and by 1918 we had global air forces, he says. Honeywell is months past the Wright brothers in terms of quantum computing development, according to Savoie.

Quantum computers are, essentially, way more powerful computers. Problems which would might take days, weeks, or years to solve on a traditional computer can take minutes on a quantum computer.

Climate change, drug discovery, logistics, notes Savoie, right now you are limited by the number of variable your computer can handle. Quantum-computing speed grows exponentially. There is a hockey-stick graphic look in computing power as new q-bits get added to the system.

Honeywell stock doesnt trade on quantum fundamentals yet. Shares are down about 16% year to date, worse than the comparable drops of the S&P 500 and Dow Jones Industrial Average. Honeywell is a large aerospace supplier, and the commercial aviation business has been hammered by Covid-19. Boeing (BA) stock, for instance, is off more than 40% year to date.

Honeywell stock is flat in early Friday trading. The S&P is up about 0.8%.

The quantum-computing industry hasnt yet arrived, despite todays announcement. But quantum computers are already better than regular computers in certain instances. Google parent Alphabet (GOOGL) demonstrated the ability of its rudimentary quantum computer to beat traditional systems.

Our quantum computing starts with having a MEMS layer that acts to trap individual ytterbium atoms. We take atoms and hit them with a laser, which strips an electron and traps an ion in an electric field, Tony Uttley, president of Honeywell Quantum Solutions, told Barrons a few months ago, when the company embarked on its quest to make the most powerful computer. The ion is the q-bit. The cool thing about quantum mechanics is a q-bit can be a one or a zero at the same time.

The explanation of the quantum-computing hardware is nearly incomprehensible to most people. And the analogy between the quantum world and the regular world breaks down eventually. Its totally different tech. Quantum computers arent faster just because of the dual nature of a q-bit. They are also faster because of quantum entanglement and constructive interference.

Readers might have to Google both terms, but Uttley tried to help Barrons understand. With constructive interference, only the correct answer survives, he says. The system filters out the wrong answers.

Ask a question and receive only the correct answer. Quantum computers are always right? That situation feels almost religious, like querying God.

What constructive interference really means is the quantum computer solves a maze like a human does, says Savoie. Looking from overhead and tossing out obvious wrong paths before it even starts. That helps a little, but all the explanations help to drive home the idea that quantum-computing technology is a game-changer.

For Honeywell, its a business opportunity. It can create the hardware and join with business such as Zapata to build quantum software and data-analytic platforms.

Zapata is, essentially, an enterprise software company. Businesses arent likely to hire their own quantum programmers, but now they have someone to call to help with the toughest analytical problems.

It would be hard for each company to build their own quantum-computing department, though some banks are doing that already. Quantum programmers? reflects Uttley. The people who know how to program are called theorists, they are a combination of physicists and mathematician, and there are hundreds in the world, not thousands.

Thats one reason why between Honeywell and its partners, which include Microsoft (MSFT), are building a QaaS, or Quantum as a Service, business model.

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

See the original post here:
This Is What the Worlds Most Powerful Quantum Computer Looks Like - Barron's

This Is the First Universal Language for Quantum Computers – Popular Mechanics

Przemyslaw Klos / EyeEmGetty Images

A quantum computing startup called Quantum Machines has released a new programming language called QUA. The language runs on the startups proprietary Quantum Orchestration Platform.

Quantum Machines says its goal is to complete the stack that includes quantum computing at the very bottom-most level. Yes, those physical interactions between quantum bits (qubits) are what set quantum computers apart from traditional hardwarebut you still need the rest of the hardware that will turn physical interactions into something that will run software.

And, of course, you need the software, too. Thats where QUA comes in.

The transition from having just specific circuitsphysical circuits for specific algorithmsto the stage at which the system is programmable is the dramatic point, CEO Itavar Siman told Tech Crunch. Basically, you have a software abstraction layer and then, you get to the era of software and everything accelerated.

The language Quantum Machine describes in its materials isnt what you think of when you imagine programming, unless youre a machine language coder. Whats machine language? Thats the lowest possible level of code, where the instructions arent in natural or human language and are instead in tiny bits of direct instruction for the hardware itself.

Coder Ben Eater made a great video that walks you through a sample program written in C, which is a higher and more abstract language, and how that information translates all the way down into machine code. (Essentially, everything gets much messier and much less readable to the human eye.)

This content is imported from YouTube. You may be able to find the same content in another format, or you may be able to find more information, at their web site.

Machine code acts as a reminder that, on a fundamental level, everything inside your computer is passing nano-Morse code back and forth to do everything you see on the screen as well as all the behind the scenes routines and coordination. Since quantum computers have a brand new paradigm for the idea of hardware itself, theres an opening for a new machine code.

Quantum Machines seems to want to build the entire quantum system, from hardware to all the software to control and highlight it. And if that sounds overly proprietary or like some unfair version of how to develop new technology, we have some bad news for you about the home PC wars of the 1980s or the market share Microsoft Windows still holds among operating systems.

By offering a package deal with something for everyone when quantum computing isnt even a twinkle in the eye of the average consumer, Quantum Machines could be making inroads that will keep it ahead for decades. A universal language, indeed.

QUA is what we believe the first candidate to become what we define as the quantum computing software abstraction layer, Sivan told TechCrunch. In 20 years, we might look back on QUA the way todays users view DOS.

This content is created and maintained by a third party, and imported onto this page to help users provide their email addresses. You may be able to find more information about this and similar content at piano.io

This commenting section is created and maintained by a third party, and imported onto this page. You may be able to find more information on their web site.

Follow this link:
This Is the First Universal Language for Quantum Computers - Popular Mechanics

Honeywell Says It Has Built The Worlds Most Powerful Quantum Computer – Forbes

Honeywell says its new quantum computer is twice as fast than any other machine.

In the race to the future of quantum computing, Honeywell has just secured a fresh lead.

The North Carolina-based conglomerate announced Thursday that it has produced the worlds fastest quantum computer, at least twice as powerful as the existing computers operated by IBM and Google.

The machine, located in a 1,500-square-foot high-security storage facility in Boulder, Colorado, consists of a stainless steel chamber about the size of basketball that is cooled by liquid helium at a temperature just above absolute zero, the point at which atoms stop vibrating. Within that chamber, individual atoms floating above a computer chip are targeted with lasers to perform calculations.

While people have studied the potential of quantum computing for decades, that is, building machines with the ability to complete calculations beyond the limits of classic computers and supercomputers, the sector has until recently been limited to the intrigue of research groups at tech companies such as IBM and Google.

But in the past year, the race between those companies to claim supremacy and provide a commercial use in the quantum race has become heated. Honeywells machine has achieved a Quantum Volume of 64, a metric devised by IBM that measures the capability of the machine and error rates, but is also difficult to decipher (and as quantum computing expert Scott Aaronson wrote in March, is potentially possible to game). By comparison, IBM announced in January that it had achieved a Quantum Volume of 32 with its newest machine, Raleigh.

Google has also spent significant resources on developing its quantum capabilities and In October said it had developed a machine that completed a calculation that would have taken a supercomputer 10,000 years to process in just 200 seconds. (IBM disputed Googles claim, saying the calculation would have taken only 2.5 days to complete.)

Honeywell has been working toward this goal for the past decade when it began developing the technology to produce cryogenics and laser tools. In the past five years, the company assembled a team of more than 100 technologists entirely dedicated to building the machine, and in March, Honeywell announced it would be within three months a goal it was able to meet even as the Covid-19 turned its workforce upside down and forced some employees to work remotely. We had to completely redesign how we work in the facilities, had to limit who was coming on the site, and put in place physical barriers, says Tony Uttley, president of Honeywell Quantum Solutions. All of that happened at the same time we were planning on being on this race.

The advancement also means that Honeywell is opening its computer to companies looking to execute their own unimaginably large calculations a service that can cost about $10,000 an hour, says Uttley. While it wont disclose how many customers it has, Honeywell did say that it has a contract with JPMorgan Chase, which has its own quantum experts who will use its machine to execute gargantuan tasks, such as building fraud detection models. For those companies without in-house quantum experts, queries can be made through intermediary quantum firms, Zapata Computing and Cambridge Quantum Computing.

With greater access to the technology, Uttley says, quantum computers are nearing the point where they have graduated from an item of fascination to being used to solve problems like climate change and pharmaceutical development. Going forward, Uttley says Honeywell plans to increase the Quantum Volume of its machine by a factor of 10 every year for the next five years, reaching a figure of 640,000 a capability far beyond that imagined ever before.

Follow this link:
Honeywell Says It Has Built The Worlds Most Powerful Quantum Computer - Forbes

The Inter-dependence of Quantum Computing and Robotics – Analytics Insight

Looking at quantum computing-fueled applications of the future, we much of the time look to the innovations capability to take care of computationally-intensive mathematical problems, which could lead to breakthroughs in drug discovery, logistics, cryptography, and finance.

A research paper by Bernhard Dieber and different scholastics entitled Quantum Computation in Robotic Science and Applications, researches how quantum computing could augment numerous operations where robots are confronted with intensive computational assignments, where commonly broadly useful GPUs have been utilized to deal with intensive tasks.

While we may not see the appearance of quantum-fueled robots in the coming decade, the paper refers to how the rise of cloud-based quantum computing services and even quantum co-processors (QPUs) could work coupled with traditional CPUs to propel the improvement of much increasingly powerful and smart robots.

Australian physicists state they have adapted methods from autonomous vehicles and robotics to effectively evaluate the performance of quantum gadgets. A University of Sydney team reports that its new methodology has been indicated tentatively to outflank simplistic characterisation of these situations by a factor of three, with a lot higher outcome for increasingly complex simulated environments. Lead creator Riddhi Gupta says one of the hindrances to creating quantum computing systems to useful scale is beating the blemishes of hardware.

Qubits the fundamental units of quantum technology are exceptionally delicate to disturbances from their environments, for example, electromagnetic noise and show performance varieties that lessen their usefulness.

To address this, Gupta and associates took strategies from old style estimation utilized in robotics and adapted them to improve hardware performance. This is accomplished through the proficient automation of procedures that map both environment of and performance variations across huge quantum gadgets.

Conventional AI, as opposed to current machine learning applications, depends on formal knowledge representations like rules, realities and algorithms so as to improve the robot behavior or copy intelligent behavior.

Artificial intelligence applications are as often as possible utilized in robotics technology, similar to path planning, the derivation of goal-oriented action plans, system diagnosis, the coordination of different specialists, or thinking and reasoning of new knowledge. A significant number of these applications use varieties of ignorant (visually impaired) or informed (heuristic) search algorithms, which depend on crossing trees or diagrams, where every node represents a potential state in the search space, associated with further follow-up states.

Quantum computing can fill in as an option for pretty much every search algorithm utilized in robotics and AI applications and decrease unpredictability. For graph search, for instance, there is a quantum alternative based on quantum random walks.

In robotics, Gupta says, machines depend on simultaneous localisation and mapping (SLAM) algorithms. Gadgets like automated vacuum cleaners are ceaselessly mapping their surroundings and then evaluating their area within that environment so as to move. The trouble with adjusting SLAM algorithms to quantum frameworks is that if you measure, or characterise, the performance of a solitary qubit, you obliterate its quantum data.

Gupta has built up a versatile algorithm that measures the performance of one qubit and utilities that data to assess the capacities of nearby qubits. We have called this Noise Mapping for Quantum Architectures., she says. Instead of gauging the old-style environment for every single qubit, we can automate the procedure, lessening the number of estimations and qubits required, which accelerates the entire procedure.

Efforts have been made as of late to illuminate old-style automated tasks utilizing AI as another option. In the quantum domain, quantum neural networks could help take care of issues related with kinematics, or the mechanical movement of robots.

There are reports that state how the two degrees of control in robotics, abstract task-planning, and specific movement-planning which are presently illuminated independently, can be explained in an increasingly integrative way with quantum computing.

Quantum computing could play an important job in enhancing the development of machines, including identifying moments of inertia and joint friction. Such difficulties could be addressed with quantum reinforcement learning, with models that can develop themselves, and with hybrid quantum-classical algorithms.

Go here to read the rest:
The Inter-dependence of Quantum Computing and Robotics - Analytics Insight

Lockheed’s ventures arm backs quantum computing and training tech firms – Washington Technology

EMERGING TECH

Lockheed Martin Ventures -- the defense companys technology startup investment arm -- has backed two companies through separate avenues announced this week.

In a release Tuesday, quantum computing company IonQ said it grew its total fundraising amount to $84 million through a new Series B round that represents its second significant round of investments since the 2015 founding with $2 million in seed money.

The latest round included Robert Bosch Venture Capital GmbH and Cambium, another investment firm that focuses on companies pushing future computational paradigm changes.

For Lockheed Martin Ventures, this investment gains the company an early look at a technology of increasing interest to government agencies. Two years ago, the parent corporation doubled the size of the venture fund to $200 million and sharpened the focus on five core technology areas.

College Park, Maryland-based IonQ uses what it calls a trapped-ion method for its quantum computing platforms.

IonQ raised another $20 million in 2016 from Amazon Web Services, Googles venture arm and New Enterprise Associates to build two new quantum computers. Then in 2019 came an additional $55 million in a fundraising round that saw Samsung and Mubadala Capital enter the fray along with additional backing from AWS, GV and NEA.

Separately on Wednesday, training technology firm Red 6 announced it too has received an investment from Lockheed Martin Ventures.

Terms of the funding were undisclosed but Santa Monica, California-based Red 6 will use those funds to support the further development and commercialization of its Airborne Tactical Augmented Reality System offering used to help train airplane pilots.

ATARS more specifically is designed to support synthetic training environments that seek to evaluate human performance in a multi-echelon, mixed-reality environment.

Red 6 was founded in November 2017 and conducted a feasibility demonstration with the Air Force in February 2019, the same month that a $2.5 million seed funding round closed.

The company connected with the Air Force through AFWERX, a program designed to connect startups with the service branch. Red 6 is the first AFWERX-backed company to be awarded a Small Business Innovation Research Phase III contract.

Some of Red 6s previous investors include Moonshots Capital, Starburst Accelerator and Irongate Capital Partners.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

Read the rest here:
Lockheed's ventures arm backs quantum computing and training tech firms - Washington Technology

2 thoughts on Learn Quantum Computing With Spaced Repetition – Hackaday

Everyone learns differently, but cognitive research shows that you tend to remember things better if you use spaced repetition. That is, you learn something, then after a period, you are tested. If you still remember, you get tested again later with a longer interval between tests. If you get it wrong, you get tested earlier. Thats the idea behind [Andy Matuschak s]and [Michael Nielsens] quantum computing tutorial. You answer questions embedded in the text. You answer to yourself, so theres no scoring. However, once you click to reveal the answer, you report if you got the answer correct or not, and the system schedules you for retest based on your report.

Does it work? We dont know, but we have heard that spaced repetition is good for learning languages, among other things. We suspect that like most learning methods, it works better for some people than others.

The series of essays are reasonably technical and assume you understand linear algebra, complex numbers, and Boolean logic. Of course, there are links to help you pick up any of those you lack. Honestly, those topics will help you in lots of other areas, too, so if you dont already have those in your tool belt, it wouldnt hurt to follow some of the links.

If you want to play with quantum computing, we like Quirk. There are also quantum computers you can use for real from IBM, although youll run out of gates pretty quickly.

Excerpt from:
2 thoughts on Learn Quantum Computing With Spaced Repetition - Hackaday