Physicists Criticize Stephen Wolfram’s ‘Theory of Everything’ – Scientific American

Stephen Wolfram blames himself for not changing the face of physics sooner.

I do fault myself for not having done this 20 years ago, the physicist turned software entrepreneur says. To be fair, I also fault some people in the physics community for trying to prevent it happening 20 years ago. They were successful. Back in 2002, after years of labor, Wolfram self-published A New Kind of Science, a 1,200-page magnum opus detailing the general idea that nature runs on ultrasimple computational rules. The book was an instant best seller and received glowing reviews: the New York Times called it a first-class intellectual thrill. But Wolframs arguments found few converts among scientists. Their work carried on, and he went back to running his software company Wolfram Research. And that is where things remaineduntil last month, when, accompanied by breathless press coverage (and a 448-page preprint paper), Wolfram announced a possible path to the fundamental theory of physics based on his unconventional ideas. Once again, physicists are unconvincedin no small part, they say, because existing theories do a better job than his model.

At its heart, Wolframs new approach is a computational picture of the cosmosone where the fundamental rules that the universe obeys resemble lines of computer code. This code acts on a graph, a network of points with connections between them, that grows and changes as the digital logic of the code clicks forward, one step at a time. According to Wolfram, this graph is the fundamental stuff of the universe. From the humble beginning of a small graph and a short set of rules, fabulously complex structures can rapidly appear. Even when the underlying rules for a system are extremely simple, the behavior of the system as a whole can be essentially arbitrarily rich and complex, he wrote in a blog post summarizing the idea. And this got me thinking: Could the universe work this way? Wolfram and his collaborator Jonathan Gorard, a physics Ph.D. candidate at the University of Cambridge and a consultant at Wolfram Research, found that this kind of model could reproduce some of the aspects of quantum theory and Einsteins general theory of relativity, the two fundamental pillars of modern physics.

But Wolframs models ability to incorporate currently accepted physics is not necessarily that impressive. Its this sort of infinitely flexible philosophy where, regardless of what anyone said was true about physics, they could then assert, Oh, yeah, you could graft something like that onto our model, says Scott Aaronson, a quantum computer scientist at the University of Texas at Austin.

When asked about such criticisms, Gorard agreesto a point. Were just kind of fitting things, he says. But we're only doing that so we can actually go and do a systematized search for specific rules that fit those of our universe.

Wolfram and Gorard have not yet found any computational rules meeting those requirements, however. And without those rules, they cannot make any definite, concrete new predictions that could be experimentally tested. Indeed, according to critics, Wolframs model has yet to even reproduce the most basic quantitative predictions of conventional physics. The experimental predictions of [quantum physics and general relativity] have been confirmed to many decimal placesin some cases, to a precision of one part in [10 billion], says Daniel Harlow, a physicist at the Massachusetts Institute of Technology. So far I see no indication that this could be done using the simple kinds of [computational rules] advocated by Wolfram. The successes he claims are, at best, qualitative. Further, even that qualitative success is limited: There are crucial features of modern physics missing from the model. And the parts of physics that it can qualitatively reproduce are mostly there because Wolfram and his colleagues put them in to begin with. This arrangement is akin to announcing, If we suppose that a rabbit was coming out of the hat, then remarkably, this rabbit would be coming out of the hat, Aaronson says. And then [going] on and on about how remarkable it is.

Unsurprisingly, Wolfram disagrees. He claims that his model has replicated most of fundamental physics already. From an extremely simple model, were able to reproduce special relativity, general relativity and the core results of quantum mechanics, he says, which, of course, are what have led to so many precise quantitative predictions of physics over the past century.

Even Wolframs critics acknowledge he is right about at least one thing: it is genuinely interesting that simple computational rules can lead to such complex phenomena. But, they hasten to add, that is hardly an original discovery. The idea goes back long before Wolfram, Harlow says. He cites the work of computing pioneers Alan Turing in the 1930s and John von Neumann in the 1950s, as well as that of mathematician John Conway in the early 1970s. (Conway, a professor at Princeton University, died of COVID-19 last month.) To the contrary, Wolfram insists that he was the first to discover that virtually boundless complexity could arise from simple rules in the 1980s. John von Neumann, he absolutely didnt see this, Wolfram says. John Conway, same thing.

Born in London in 1959, Wolfram was a child prodigy who studied at Eton College and the University of Oxford before earning a Ph.D. in theoretical physics at the California Institute of Technology in 1979at the age of 20. After his Ph.D., Caltech promptly hired Wolfram to work alongside his mentors, including physicist Richard Feynman. I dont know of any others in this field that have the wide range of understanding of Dr. Wolfram, Feynman wrote in a letter recommending him for the first ever round of MacArthur genius grants in 1981. He seems to have worked on everything and has some original or careful judgement on any topic. Wolfram won the grantat age 21, making him among the youngest ever to receive the awardand became a faculty member at Caltech and then a long-term member at the Institute for Advanced Study in Princeton, N.J. While at the latter, he became interested in simple computational systems and then moved to the University of Illinois in 1986 to start a research center to study the emergence of complex phenomena. In 1987 he founded Wolfram Research, and shortly after he left academia altogether. The software companys flagship product, Mathematica, is a powerful and impressive piece of mathematics software that has sold millions of copies and is today nearly ubiquitous in physics and mathematics departments worldwide.

Then, in the 1990s, Wolfram decided to go back to scientific researchbut without the support and input provided by a traditional research environment. By his own account, he sequestered himself for about a decade, putting together what would eventually become A New Kind of Science with the assistance of a small army of his employees.

Upon the release of the book, the media was ensorcelled by the romantic image of the heroic outsider returning from the wilderness to single-handedly change all of science. Wired dubbed Wolfram the man who cracked the code to everything on its cover. Wolfram has earned some bragging rights, the New York Times proclaimed. No one has contributed more seminally to this new way of thinking about the world. Yet then, as now, researchers largely ignored and derided his work. Theres a tradition of scientists approaching senility to come up with grand, improbable theories, the late physicist Freeman Dyson told Newsweek back in 2002. Wolfram is unusual in that hes doing this in his 40s.

Wolframs story is exactly the sort that many people want to hear, because it matches the familiar beats of dramatic tales from science history that they already know: the lone genius (usually white and male), laboring in obscurity and rejected by the establishment, emerges from isolation, triumphantly grasping a piece of the Truth. But that is rarelyif everhow scientific discovery actually unfolds. There are examples from the history of science that superficially fit this image: Think of Albert Einstein toiling away on relativity as an obscure Swiss patent clerk at the turn of the 20th century. Or, for a more recent example, consider mathematician Andrew Wiles working in his attic for years to prove Fermats last theorem before finally announcing his success in 1995. But portraying those discoveries as the work of a solo genius, romantic as it is, belies the real working process of science. Science is a group effort. Einstein was in close contact with researchers of his day, and Wiless work followed a path laid out by other mathematicians just a few years before he got started. Both of them were active, regular participants in the wider scientific community. And even so, they remain exceptions to the rule. Most major scientific breakthroughs are far more collaborativequantum physics, for example, was developed slowly over a quarter-century by dozens of physicists around the world.

I think the popular notion that physicists are all in search of the eureka moment in which they will discover the theory of everything is an unfortunate one, says Katie Mack, a cosmologist at North Carolina State University. We do want to find better, more complete theories. But the way we go about that is to test and refine our models, look for inconsistencies and incrementally work our way toward better, more complete models.

Most scientists would readily tell you that their discipline isand always has beena collaborative, communal process. Nobody can revolutionize a scientific field without first getting the critical appraisal and eventual validation of their peers. Today this requirement is performed through peer reviewa process Wolframs critics say he has circumvented with his announcement. Certainly theres no reason that Wolfram and his colleagues should be able to bypass formal peer review, Mack says. And they definitely have a much better chance of getting useful feedback from the physics community if they publish their results in a format we actually have the tools to deal with.

Mack is not alone in her concerns. Its hard to expect physicists to comb through hundreds of pages of a new theory out of the blue, with no buildup in the form of papers, seminars and conference presentations, says Sean Carroll, a physicist at Caltech. Personally, I feel it would be more effective to write short papers addressing specific problems with this kind of approach rather than proclaiming a breakthrough without much vetting.

So why did Wolfram announce his ideas this way? Why not go the traditional route? I don't really believe in anonymous peer review, he says. I think its corrupt. Its all a giant story of somewhat corrupt gaming, I would say. I think its sort of inevitable that happens with these very large systems. Its a pity.

So what are Wolframs goals? He says he wants the attention and feedback of the physics community. But his unconventional approachsoliciting public comments on an exceedingly long paperalmost ensures it shall remain obscure. Wolfram says he wants physicists respect. The ones consulted for this story said gaining it would require him to recognize and engage with the prior work of others in the scientific community.

And when provided with some of the responses from other physicists regarding his work, Wolfram is singularly unenthused. Im disappointed by the naivete of the questions that youre communicating, he grumbles. I deserve better.

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Physicists Criticize Stephen Wolfram's 'Theory of Everything' - Scientific American

A Discovery That Long Eluded Physicists: Superconductivity to the Edge – SciTechDaily

Researchers at Princeton have discovered superconducting currents traveling along the outer edges of a superconductor with topological properties, suggesting a route to topological superconductivity that could be useful in future quantum computers. The superconductivity is represented by the black center of the diagram indicating no resistance to the current flow. The jagged pattern indicates the oscillation of the superconductivity which varies with the strength of an applied magnetic field. Credit: Stephan Kim, Princeton University

Princeton researchers detect a supercurrent a current flowing without energy loss at the edge of a superconductor with a topological twist.

A discovery that long eluded physicists has been detected in a laboratory at Princeton. A team of physicists detected superconducting currents the flow of electrons without wasting energy along the exterior edge of a superconducting material. The finding was published May 1 in the journal Science.

The superconductor that the researchers studied is also a topological semi-metal, a material that comes with its own unusual electronic properties. The finding suggests ways to unlock a new era of topological superconductivity that could have value for quantum computing.

To our knowledge, this is the first observation of an edge supercurrent in any superconductor, said Nai Phuan Ong, Princetons Eugene Higgins Professor of Physics and the senior author on the study.

Our motivating question was, what happens when the interior of the material is not an insulator but a superconductor? Ong said. What novel features arise when superconductivity occurs in a topological material?

Although conventional superconductors already enjoy widespread usage in magnetic resonance imaging (MRI) and long-distance transmission lines, new types of superconductivity could unleash the ability to move beyond the limitations of our familiar technologies.

Researchers at Princeton and elsewhere have been exploring the connections between superconductivity and topological insulators materials whose non-conformist electronic behaviors were the subject of the 2016 Nobel Prize in Physics for F. Duncan Haldane, Princetons Sherman Fairchild University Professor of Physics.

Topological insulators are crystals that have an insulating interior and a conducting surface, like a brownie wrapped in tin foil. In conducting materials, electrons can hop from atom to atom, allowing electric current to flow. Insulators are materials in which the electrons are stuck and cannot move. Yet curiously, topological insulators allow the movement of electrons on their surface but not in their interior.

To explore superconductivity in topological materials, the researchers turned to a crystalline material called molybdenum ditelluride, which has topological properties and is also a superconductor once the temperature dips below a frigid 100 milliKelvin, which is -459 degrees Fahrenheit.

Most of the experiments done so far have involved trying to inject superconductivity into topological materials by putting the one material in close proximity to the other, said Stephan Kim, a graduate student in electrical engineering, who conducted many of the experiments. What is different about our measurement is we did not inject superconductivity and yet we were able to show the signatures of edge states.

The team first grew crystals in the laboratory and then cooled them down to a temperature where superconductivity occurs. They then applied a weak magnetic field while measuring the current flow through the crystal. They observed that a quantity called the critical current displays oscillations, which appear as a saw-tooth pattern, as the magnetic field is increased.

Both the height of the oscillations and the frequency of the oscillations fit with predictions of how these fluctuations arise from the quantum behavior of electrons confined to the edges of the materials.

When we finished the data analysis for the first sample, I looked at my computer screen and could not believe my eyes, the oscillations we observed were just so beautiful and yet so mysterious, said Wudi Wang, who as first author led the study and earned his Ph.D. in physics from Princeton in 2019. Its like a puzzle that started to reveal itself and is waiting to be solved. Later, as we collected more data from different samples, I was surprisedat how perfectly the data fit together.

Researchers have long known that superconductivity arises when electrons, which normally move about randomly, bind into twos to form Cooper pairs, which in a sense dance to the same beat. A rough analogy is a billion couples executing the same tightly scripted dance choreography, Ong said.

The script the electrons are following is called the superconductors wave function, which may be regarded roughly as a ribbon stretched along the length of the superconducting wire, Ong said. A slight twist of the wave function compels all Cooper pairs in a long wire to move with the same velocity as a superfluid in other words acting like a single collection rather than like individual particles that flows without producing heating.

If there are no twists along the ribbon, Ong said, the Cooper pairs are stationary and no current flows. If the researchers expose the superconductor to a weak magnetic field, this adds an additional contribution to the twisting that the researchers call the magnetic flux, which, for very small particles such as electrons, follows the rules of quantum mechanics.

The researchers anticipated that these two contributors to the number of twists, the superfluid velocity and the magnetic flux, work together to maintain the number of twists as an exact integer, a whole number such as 2, 3 or 4 rather than a 3.2 or a 3.7. They predicted that as the magnetic flux increases smoothly, the superfluid velocity would increase in a saw-tooth pattern as the superfluid velocity adjusts to cancel the extra .2 or add .3 to get an exact number of twists.

The team measured the superfluid current as they varied the magnetic flux and found that indeed the saw-tooth pattern was visible.

In molybdenum ditelluride and other so-called Weyl semimetals, this Cooper-pairing of electrons in the bulk appears to induce a similar pairing on the edges.

The researchers noted that the reason why the edge supercurrent remains independent of the bulk supercurrent is currently not well understood. Ong compared the electrons moving collectively, also called condensates, to puddles of liquid.

From classical expectations, one would expect two fluid puddles that are in direct contact to merge into one, Ong said. Yet the experiment shows that the edge condensates remain distinct from that in the bulk of the crystal.

The research team speculates that the mechanism that keeps the two condensates from mixing is the topological protection inherited from the protected edge states in molybdenum ditelluride. The group hopes to apply the same experimental technique to search for edge supercurrents in other unconventional superconductors.

There are probably scores of them out there, Ong said.

Reference: Evidence for an edge supercurrent in the Weyl superconductor MoTe2 by Wudi Wang, Stephan Kim, Minhao Liu, F. A. Cevallos, Robert. J. Cava and Nai Phuan Ong, 1 May 2020, Science.DOI: 10.1126/science.aaw9270

Funding: The research was supported by the U.S. Army Research Office (W911NF-16-1-0116). The dilution refrigerator experiments were supported by the U.S. Department of Energy (DE- SC0017863). N.P.O. and R.J.C. acknowledge support from the Gordon and Betty Moore Foundations Emergent Phenomena in Quantum Systems Initiative through grants GBMF4539 (N.P.O.) and GBMF-4412 (R.J.C.). The growth and characterization of crystals were performed by F.A.C. and R.J.C., with support from the National Science Foundation (NSF MRSEC grant DMR 1420541).

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A Discovery That Long Eluded Physicists: Superconductivity to the Edge - SciTechDaily

31 commercial open-source software startups that will thrive in 2020 – Business Insider

The economic downturn sparked by the coronavirus pandemic may be hitting many industries hard, but investors say that it may turn out to be a positive opportunity for commercial open source startups.

These types of startups build and maintain open source software that is free for anyone to use, download, or modify. While the software itself is free, these kinds of startups traditionally build a business on top of it by selling customer support or custom-built services for the enterprise.

Investors say they're still betting on open source as the rest of the tech industry encounters turbulence because several of the best tech companies, like Airbnb or Dropbox, have historically been founded during economic downturns including many of those like Canonical that build popular open source software.

Indeed, OSS Capital founder and CEO Joseph Jacks says that he expects adoption of open source software to accelerate during this period. It's often cheaper than proprietary software from the likes of Oracle, SAP, or Microsoft, for starters, which makes it an appealing alternative for companies cutting their IT budgets.

"Open source is much cheaper than proprietary software," Eric Anderson, Scale Venture Partners, told Business Insider. "Enterprises will look at alternatives to some of the proprietary software they're paying for."

There are some structural advantages for these startups, too. Open source software is generally developed by distributed teams of volunteers all over the world. This means that the startups that emerge to support open source software is usually similarly distributed, and more ready to work remotely. That's an edge in a time of global stay-at-home orders, Jacks says.

"Those companies, in fact, are going to do really well in a society and culture and environment where everyone is forced to be as efficient and as productive as possible using the internet and remote tools," he said.

Jacks says the current situation has only reinforced his belief in investing in these types of companies because of how the world has had to adapt.

"It's definitely not changed anything about the way that we get excited in enterprise," he said. "It only made things more concrete."

What follows is a compelling list of commercial open-source software startups set for success in 2020, according to 12 VCs. They range from fledgling companies with hardly any funding to well-established ones that could very well be heading for a huge exit. Funding and valuation information are estimates taken from Pitchbook, the keeper of such data.

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31 commercial open-source software startups that will thrive in 2020 - Business Insider

Linux Foundation will host the Trust over IP Foundation – TechRepublic

New open source standards are coming that can help technologies such as edge computing and IoT achieve greater security.

Image: Jack Wallen

On May 5, 2020, the Linux Foundation plans to announce they will be hosting the Trust over IP Foundation (ToIP), which is a project with one goalenable the trustworthy exchange and verification of data between any two parties on the internet.

This is long overdue.

Effectively, what the ToIP Foundation will do is provide a common standard to ensure data is coming from a trusted source. This standard is being developed with global pan-industry support. Founding members include Cloudocracy, Continuum Loop, CULedger, esatus, Evernym, The Human Colossus Foundation, IBM Security, IdRamp, kiva.org, Lumedic, Mastercard, MITRE, Province of British Columbia, and SICPA. Contributing members include DIDx, GLEIF, iRespond, Marist College, Northern Block, R3,Secours.io, TNO, and the University of Arkansas.

SEE: How smart tech is transforming the transportation industry (TechRepublic Premium)

Technology has evolved to such a state that the transmission of data comes in many forms and from many sources. No longer is user data only transmitted via the traditional network connectionfrom client-to-server, or client-to-client. The new world order includes IoT, hybrid clouds, artificial intelligence, and edge computing. The complications inherent in these technologies makes it even more crucial that universal security and privacy protocols are developed and put into place.

Given that technology already faces a seemingly insurmountable security hurdle, the idea of a universal standard will be a welcome change for both the industries driving these technologies and the consumers whose data is being used and monetized. At the moment, consumer confidence in data transmission security is at an all-time low. This trend will continue, until drastic change happens.

Dan Gisolfi, CTO Decentralized Identity, IBM Security, understands how important these new protocols are. "In today's digital economy, businesses and consumers need a way to be certain that data being exchanged has been sent by the rightful owner and that it will be accepted as truth by the intended recipient. Many privacy focused innovations are now being developed to solve this challenge, but there is no 'recipe book' for the exchange of trusted data across multiple vendor solutions. The new Trust over IP Foundation marks an evolutionary step which goes beyond standards, specs, and code, with the goal of creating a community-driven playbook for establishing 'ecosystems of trust.' IBM believes that the next wave of innovation in identity access management will be for credential issuers and verifiers to partake in these ecosystems, where trusted relationships are built upon cryptographic proofs."

Although there isn't too much information on the nuts and bolts of the new universal standards, it has been reported that the ToIP Foundation will use digital identity models that make use of digital wallets and credentials, as well as the W3C Verifiable Credentials standard to address the challenges facing the issue. By working with these technologies, the ToIP foundation will enable consumers, businesses, and governments to better manage risk, improve digital trust, and protect all forms of online identity.

To this, Jim Zemlin, executive director at the Linux Foundation said, "The ToIP Foundation has the promise to provide the digital trust layer that was missing in the original design of the internet and to trigger a new era of human possibility. The combination of open standards and protocols, pan-industry collaboration and our neutral governance structure will support this new category of digital identity and verifiable data exchange."

The devices that transmit such data currently exist without a standard. Because a vast majority of those devices transmitting these data packets are powered by open source solutions, it only makes sense that any standard to be developed for such technology would be open.

Why? That's a fairly simple question to answer. First off, the technologies that will be using these protocols are almost all founded on open source software. Should those protocols be closed, developers would have a hard time implementing them. The second reason is such protocols need to be available for global vetting. With thousands (or hundreds of thousands) of developers pouring over the code, those protocols will wind up more robust and secure.

Finally, making these protocols open source guarantees that no single entity can control how the protocols are developed or used. This should go a long way to prevent any one large company, with a vested interest in a singular bottom line, from preventing smaller companies from using the protocols with their software.

The ToIP foundation will initially host four Working Groups:

Technical Working Stack Group

Governance Stack Working Group

Utility Foundry Working Group

Ecosystem Foundry Working Group

The Technical Working Stack Group and the Governance Stack Working Group are charged with building out and hardening the tech and governing side of the stack, while the Utility Foundry Working Group and Ecosystem Foundry Working Group will serve as communities of practice for any project looking to collaborate with any part of the ToIP ecosystem.

The ToIP Foundation will host a digital launch event at 9AM PT on May 7, 2020. This event will feature a panel discussion, interoperability demonstration, and a Q&A. To register for the event, visit the official Zoom registration page. A second event will be held for the APAC region.

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Linux Foundation will host the Trust over IP Foundation - TechRepublic

Looking for a new IT gig? Here are vacancies around the world for developers, cloud engineers, infosec analysts, Jira admin, and more – The Register

Job Alert This week we've got job openings from all over the globe to tempt you, your friends or your past colleagues back into work, or indeed into new ventures.

Remember, we're doing this to help the world keep working in these tough times. Our job listings are free - free in the financial sense, free in the snark sense. If you've got roles you need filled, send them here.

First up, we've got a rack of jobs at GBG Plc, for positions it wants filled across the world. GBG says it stands as the global technology specialist in fraud, location and identity data intelligence. And it has numerous vacancies to fill:

Next up, we have a role from Linaro in Cambridgeshire. Linaro has driven open source software development on Arm since its foundation in 2010, providing the tools, Linux kernel quality and security needed for a solid foundation to innovate on, apparently.

Next up we've got three roles from Bianor Services, a company with more than 20-year history in building custom software solutions, delivering IT business consultancy, Quality Assurance, and support for the likes of IBM, Duracell, P&G, NATO, and the EU. Bianor has offices in New York, USA, and Sofia, Bulgaria, but offers remote work as well. Here are the jobs...

Our final role for this week is from Consult Red, which claims to be a trusted partner to the digital media industry and beyond, driving innovation and delivering support through the entire product development journey. It says it applies cutting-edge experience in product development, hardware, embedded and cloud technology to help companies in all sectors to deliver connected devices and systems. Here's the job...

That concludes another week or our free job listings. Good luck, stay safe, see you next week.

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Looking for a new IT gig? Here are vacancies around the world for developers, cloud engineers, infosec analysts, Jira admin, and more - The Register

American tech goliaths decide innovation is the answer to Chinese 5G dominance, not bans, national security theater – The Register

Some of Americas super-corps have remembered how the US became the dominant global technology force it is, and have vowed to use innovation over threats to counter Chinese dominance in 5G markets.

Thirty-one corporations ranging from AT&T to VMWare, and including Facebook, Google, IBM, Intel, Microsoft and Oracle, have launched what they are calling the Open RAN Policy Coalition with a goal to develop new, open, and interoperable approaches to the 5G network.

RAN stands for Radio Access Network and is the technology that connects individual devices like smartphones to other parts of the network. It comprises three main components: the radio unit (RU), distributed unit (DU) and centralized unit (CU). Each part is based in different locations and typically uses different hardware and software. Despite the enormous global use of such technology however, most of it remains proprietary, developed and controlled by individual companies.

The Open RAN Policy Coalition proposes opening this entire market up to make all aspects interoperable: a move that it hopes will allow new companies to enter the market and shake things up before next-generation 5G becomes ubiquitous.

While not all companies in the coalition are American it also includes Fujitsu, Telefnica and Vodafone, for example it is US-heavy and the implicit drive is that the organization will help prevent Chinese companies from taking over the 5G market.

That dominance has created global political repercussions with the US government going to extraordinary lengths to limit the take-up of equipment of Chinese companies like Huawei. The Trump Administration has banned Huawei, and others, from the US citing national security concerns. It has also exerted significant pressure on European partners, insisting that they also reject Chinese companies in their 5G plans and even threatening to withdraw from intelligence sharing agreements if they dont. Those threats have largely fallen on deaf ears, with both Germany and the UK rejecting the demand.

But behind the threats has also sat an uncomfortable truth: Chinese companies dominate the market in large part because there arent many good alternatives: competing products are limited, more expensive and often inferior. And that lack of competition is in large part down to how the market has traditionally operated, with proprietary equipment creating massive barriers to entry.

The reality is that using cell sites from different companies leads to a drop-off in performance and so network operators tend to go with a single company for a specific geographic area. An interoperable approach where there is no drop-off could radically change how the new 5G networks are put together. As such, the Open RAN project hopes to create innovation, spur competition and expand the supply chain for advanced wireless technologies including 5G.

The Open RAN Policy Coalition is not the only group hoping to open up the market. There is also the Open Radio Access Network Alliance (O-RAN) which was started in 2018 and includes over 100 companies aimed at interoperable interfaces. And the Telecom Infra Project, headed by Vodafone, which has agreed to work with O-RAN. And there is also the Linux Foundations Open Networking Automation 2Platform (ONAP).

This new coalitions role will be to push for solutions that are hardware-neutral and produce open source software standards. And one big focus for it will be to get the US government to focus less on bashing China and Chinese companies and more on the traditional approach of producing the best technology.

The coalition believes that the US Federal Government has an important role to play in facilitating and fostering an open, diverse and secure supply chain for advanced wireless technologies, including 5G, such as by funding research and development, and testing open and interoperable networks and solutions, and incentivizing supply chain diversity, it said in a statement.

Its executive director also had this to say: As evidenced by the current global pandemic, vendor choice and flexibility in next-generation network deployments are necessary from a security and performance standpoint. By promoting policies that standardize and develop open interfaces, we can ensure interoperability and security across different players and potentially lower the barrier to entry for new innovators.

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American tech goliaths decide innovation is the answer to Chinese 5G dominance, not bans, national security theater - The Register

Cryptocurrency market jumps by over $13 billion driven by bitcoin as major technical event approaches – CNBC

Mehmet Ali Ozcan | Anadolu Agency | Getty Images

A rally in bitcoin led the cryptocurrency market higher ahead of a major technical event for the digital coin and as industry participants report an increased interest from institutional investors.

Bitcoin crossed $10,000 on Friday morning Singapore time, the first time it has hit that price since February, according to data from CoinDesk. The cryptocurrency had pared some of those gains and was trading around $9,900.75 as of 1:39 p.m. Singapore time, still representing a more than 6.4% rise from the day before.

The entire market capitalization or value of the cryptocurrency market had jumped by more than $13 billion from the day before, as of around 1:39 p.m. Singapore time. That move had been largely driven by bitcoin which makes up most of that figure. The value of the entire market stood at $268.07 billion.

Industry participants said that a number of factors from supportive central bank monetary policy to increased interest from institutional investors has factored into the bitcoin rally.

Bitcoin suffered two bouts of intense selling in March sending it to a low of around $3,867, a price not seen since March 2019. Since then, the price has rallied over 150%.

Meanwhile, stock markets, which also saw sharp drops in March, have recovered. The Dow Jones Industrial Averageis up 28.4% since its March low.

"Overall markets have been bullish since the March lows and this is across asset classes, including crypto," Vijay Ayyar, head of business development at cryptocurrency exchange Luno, told CNBC. "Money printing by the Fed and other central banks globally have given a lot of confidence to investors that the economy will be supported no matter what."

The U.S. Federal Reserve has announced a number of unprecedented measures to help cushion the economic blow from the coronavirus outbreak. Other central banks around the world, including the European Central Bank (ECB), have unveiled their own stimulus packages. Central bank policies are seen as supportive of risk assets like stocks.

Part of the rise in bitcoin's price since the March low has been anticipation of a technical event known as "halving."

Bitcoin is not issued by a centralized authority like fiat currencies are. That is why it is often called a "decentralized" cryptocurrency. Instead it is governed by code and is underpinned by a technology known asblockchain.

In the world of bitcoin, so-called miners with specialized high-powered computers compete with each other to solve complex math problems to validate bitcoin transactions. Whoever "wins" this race gets rewarded in newly minted bitcoin. This "mining" activity happens in blocks, which is essentially a group of transactions joined into one.

Currently, these miners receive 12.5 bitcoin per block mined.The rewards are halved every few years to keep a lid on inflation. On May 12, the reward per miner will be cut in half again, to 6.25 new bitcoin.

The effect is that the supply of bitcoin coming onto the market is reduced. Previous halving events, which happen every four years, havepreceded big price increases in bitcoin.

"For the past few weeks, we have seen additional players enter the BTC market as prices have trended upward in anticipation of the halving event as bulls saw this as an opportunity to buy BTC ahead of a price pop and what many expect will be significant price appreciation," Matthew Dibb, co-founder of Stack, a bitcoin index fund provider, told CNBC. BTC refers to bitcoin's currency code like USD for the U.S. dollar.

"This has undoubtedly continued into this week and may even carry over the weekend as the halving draws closer."

Dibb said there are other factors at play as well, including more institutional money flowing into bitcoin.

Paul Tudor Jones, a high-profile Wall Street hedge fund manager,revealed in a message that one of his funds holds a low single-digit percentage infutures on the cryptocurrency, Bloomberg Newsreported.

"The news that renowned investor, Paul Tudor Jones, has backed bitcoinpublicly praising the asset for its properties as a store of value has almost certainly helped catalyse BTC's sudden movement into the US$10,000 zone," Dibb said.

"With monetary easing policies and 'unlimited' economic stimuli being recently unveiled across the world, fiat currencies seem set to weaken substantially. This has, in turn, led to bitcoin's narrative as a 'store of value' to gain added traction amongst investors who are seeking to hedge against volatility in traditional markets."

Bitcoin has often been compared to gold as a so-called safe haven asset during turbulent times for other risky assets like stock markets. However, recently, bitcoin has fallen and risen when stock markets have.

Bitcoin has always been known as a very volatile asset subject to huge price swings. In 2017, bitcoin saw somewhat of a frenzy that sent its price from under $1,000 at the start of the year to a record high of over $19,700 in December that year.

However, in 2018 the price of bitcoin came crashing down to just over $3,000 by mid-December.

Dibb believes that the recent rally is different from what was seen in 2017.

"This market is not moving purely on the back of retail speculationand it is primarily Bitcoin which is experiencing gains, not the altcoin market," Dibb said referring to smaller digital coins. "It is only now that we are really beginning to see institutional and accredited investors operating within the Bitcoin space, bringing a level of market maturity and financial understanding which was all but absent from the cryptocurrency sector as late as 2017 and 2018."

However, the risk of a substantial drop remains.

"We have gone from 3K to 10K in 2 months, too fast, too soon. There will be a pullback, and that will determine what kind of crash it is," Luno's Ayyar said.

"We could pull back to 8K, hold, and them move higher to 15K. Or we could go right back down to 3K as well. At this pointthough, one has to be bullish, unless, we see a violent move down. I think the current run up though is part of a larger move up, so don't think we'll see 3K again anytime soon. But if we do run up to 15-20K, then likelihood of a big move down and larger correction is higher."

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Cryptocurrency market jumps by over $13 billion driven by bitcoin as major technical event approaches - CNBC

PiixPay Allows Customers to Conveniently Use Cryptocurrency to Handle Bills and Recurring Payments – CardRates.com

In a Nutshell: PiixPay is a fintech platform that allows users to easily pay bills using cryptocurrency. The technology converts Bitcoin, Bitcoin Cash, Litecoin, or Dash to euros and sends the fiat money to the users bank account. PiixPays Instafill feature allows deposits made to the users crypto wallet to be automatically converted to euros and deposited into his or her bank account. The platform promotes the adoption of cryptocurrency by both consumers and merchants by making it simpler to use and demonstrating its real-world use.

When the Co-Founders of PiixPay Evald-Hannes Kree and Raivo Malter began mining Bitcoin back in 2013, they recognized cryptocurrencys value as a decentralized currency system.

But they also recognized how a lack of infrastructure was keeping crypto from reaching its full potential as a form of digital currency.

In seeking an answer to this question, they created PiixPay, which does just that.

The Estonia-based platform allows users to make bank payments using Bitcoin, Bitcoin Cash, Litecoin, and Dash cryptocurrencies by converting users crypto to euros in 102 countries.

Saar said the founders were motivated to create the platform for their own personal use but quickly realized the value in scaling the technology so other crypto enthusiasts could also use their digital currencies in the real world.

They started it for fun, for themselves. Like a real startup must arise out of a need, and the need is your own, and you want to solve it, Saar said. Then you understand that there are many more people in the world facing the same problem, so you say, lets solve it for them too

PiixPay is an all-new crypto-payment platform that allows anyone to send and receive invoices in the form of digital assets across the globe, according to an article on the PiixPay blog. It makes use of a standardized currency rate so that customers can lock in a fixed exchange rate thereby minimizing currency losses for all involved parties.

To use the platform, users begin by entering the specifics for the invoice they wish to pay, as well as their name and contact information.

Once all of the paperwork is over, the payee needs to send across a fixed number of bitcoins to a specific wallet address that is provided to them, according to the article. After processing all of the data-sets, PiixPay then carries out the payment in the form of a SEPA [Single Euro Payments Area] bank transaction (using euro as its currency standard).

Saar said that when the company began in 2014, Bitcoin was the only cryptocurrency PiixPay audiences could use to pay bills, but due to the notoriously slow speed of the original crypto, the founders added the options available today.

He also said that paying bills is the most common use case for PiixPay, and the easiest example to explain to people how the platform works, although there are uses for it beyond making payments.

The company explains on its website how the platform is economically viable and offers convenience to what can be a complicated process.

Owing to the various monetary regulations that exist within East Europe, SEPA transfers are usually cumbersome, according to the website. However, PiixPay helps push these transactions in a way that all invoices are cleared within a period of 1-3 working days.

PiixPays Instafill service connects a users crypto wallet address to a bank account to easily convert crypto to euros.

Each time coins are sent to that dedicated address, the payment processor will exchange the cryptocurrency and send the fiat to your bank account, according to the website. You can also check the status of any payment at all times.

Saar said this process is extremely fast because PiixPay is constantly exchanging cryptocurrency and it maintains buffer funds in Europe so, as soon as the wallet receives cryptocurrency the company is already making a payout to the users IBAN (International Bank Account Number).

This is the fastest way for people who are getting paid in cryptocurrency, that they can have it in their bank account without doing anything else, Saar said. You just provide your company with your wallet address, and every time a payment has been done, you dont have to wait. Your euros will be in your IBAN account.

He said this is a very popular use for PiixPay audiences.

The platform is also easy to use for merchants, according to the company.

If users wish to apply for a merchant account, they can do so by sending the folks over at PiixPay an email describing the nature of their business setup, along with their contact details, according to the website.

And the open-source API is available to everyone to utilize and modify to fit their own needs and specifications.

Platform users may also select the companys convenient PDF invoicing option for greater ease of use.

When an invoice is generated, companies can directly forward these documents to the PiixPay processing module which will then scan the QR code and convert the payment amount into the correct number of Bitcoins (based on the current exchange rate), according to the website.

Saar also discussed the evolving nature of the cryptocurrency ecosystem and how platforms like PiixPay can help lead to more consumers adopting digital currencies.

Its a question of the egg and the chicken, he said. If there is no merchant accepting crypto it means there is no service or no means to spend your crypto.

And PiixPay is essentially introducing cryptocurrency to people who are on the old monetary system, Saar said.

But I think this is a very necessary service at the moment because it gives people some kind of peace of mind, as cryptocurrency can be seen as volatile, he said. Merchants want to be protected against falling rates. And bookkeepers and accountants want to see some steady assets.

Saar said knowing how to deal with swift increases or decreases in the value of Bitcoin is still a gray area for many accountants.

The more merchants and accountants who can see real-world uses of cryptocurrencies, the better, Saar said.

The advantage of having these services automatically convert cryptocurrency to fiat and deposit directly into bank accounts so that users can pay bills is that it makes the manual process of exchanging into fiat and sending via bank transfers much simpler, which can become very complex and time-consuming, according to DashNews.org.

By removing some of the complexities from the process, the likelihood that the average consumer will adopt cryptocurrency will increase.

Saar said there are a lot of possibilities with Bitcoin and other cryptocurrencies, but it is important to help educate the general public about how they work.

Eventually, receiving your paycheck in crypto or sending friends and family crypto will be as common as seeing a direct deposit in your bank account.

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PiixPay Allows Customers to Conveniently Use Cryptocurrency to Handle Bills and Recurring Payments - CardRates.com

All Facts and Figure of Cryptocurrency is Clear as Real – AMBCrypto

Introduction

Many people look up to the bitcoins as a black currency or black market which is probably due to the lack of an understanding of the concept of it. The only market where the bitcoins are largely accepted with all dignity is the darknet. Here everything was available for sale and with complete anonymity.

Before we discuss further the facts of bitcoin, let us tell you that the allin1bitcoins will give you some more details about bitcoins facts. While let us tell you what does dark web actually means and what is it famous amongst the users. The advantage of an anonymous web browser like the darknet will help you to hide your identity. Likewise, a bitcoin exchange in the darknet will also help you to keep your transaction history hidden among all.

Are All Bitcoin Activities Illegal?

Since there are masses of people who believe in the fact that bitcoin is illegal, it is very important to make them understand that the reality is different. While you may be sure that all bitcoins deal with illegal activities but here are some facts check for you.

It is not as much anonymous as much you think it to be, while darknet is much more anonymous, while bitcoin is nowhere near to what the darknet stands with respect to anonymity. Blockchain keeps the bitcoins safe and enclosed for use and saving.

There is no other physical record that would connect the people with their wallets apart from the blockchain. It only keeps the code of the sanders address and the code of the receivers address in the blockchain. While blockchain keeps all identity of the coin holder as anonymous as possible and it never reveals the name of the coin holder. You must be aware that your address is only visible when the transaction on the bitcoins in and out happens.

However, the government and law of many countries have been able to trace this utility and the heads behind the anonymous darknet but since it is one of the largest platforms so filtering out everyone had not been possible. So many of the bitcoins from the darknet was seized and taken by the government and later on, they were auctioned and given to the bidders. While seizing the coins from the darknet and while tracking and tracing the address from which they were sent, it was found that the people who exchanged them were dealers in the darknet.

Is it Really Anonymous?

From whatever we have just told above, we hope that it is much clear that the darknet is not as anonymous as we consider it to be. It is possible to trace everything down only when exposed to highly expert professionals. You have very well understood that with extreme preciseness you will be able to trace down the anonymous users of the darknet. The addresses that are available in the darknet for the bitcoin transactions made have been dissected and found out that they are fake addresses used in the name of the FBI.

Conclusion

It is raw and wrong maybe but the reality is that the dark web net needs bitcoins to thrive and exist while the bitcoins need the dark web net to exist. They are mutually dependent on each other and this factor cannot be changed ever. Bitcoins are decentralized while the dark web can be anonymous but it is not easy to make it decentralized. A bitcoin loss can be treated as a total loss from the system but a fault in the dark web net can be stripped down and brought down to the minimum.

Disclaimer: This is a paid post and should not be considered as news/advice.

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All Facts and Figure of Cryptocurrency is Clear as Real - AMBCrypto

What is a cryptocurrency and why is it needed? – AMBCrypto English

Well, and, of course, a very significant magnet is the opportunity to make money on all this, and not only speculating on the cryptocurrency rate. There is also such a way of earning as Mining here they pay for the provision of computing power (for example, your PC or a specially assembled computing system) for the extraction of monetary units and conducting transactions (transfers).

Today well talk about what cryptocurrency is all about (Ill try to explain in simple terms, understandable to everyone), how it appeared and how it can be used today, what its current rate is, what cryptocurrency exchanges it is worth using, what you need for mining, in which place is better to exchange and where to find the most accurate course calculator?

When the first electronic money appeared, people began to make a great many payment transactions on the Internet. Of course, the administrators of payment systems chose not to lose their hands and set a commission for each transfer or exchange made, the commissions were especially strong when transferring electronic money to real ones.

Advanced network users wondered: How to make payment transactions commission-free?, Began to offer a variety of options. In 2009, anonymous Satoshi Nakamoto realized his own vision for solving the problem: he proposed the release of an information currency that was not backed by anything but could be a unique medium of exchange. The currency is called Bitcoin.

Why is cryptocurrency so-called and how does it work?

Obviously, the name comes from words cryptographic currency. In fact, it is encrypted (cryptography is just the area of science that studies the methods of encrypting and decrypting information) in such a system, not all, but much. Cryptography is used to protect the chain of transactions, i.e. of the most valuable, that is in this system, namely the database with all operations performed with monetary units. But we have to be able to trust de.thebitcoincode.io. If you trust only then you can get maximum profit using these coins.

Let me outline the structure of any cryptocurrency thesis (and now, apart from bitcoin, they have already divorced quite a lot), so that you can understand its radical difference from everything that was before:

In order to eliminate fraud attempts, it was decided to advertise absolutely all operations in the public domain every person using the cryptocurrency has the opportunity to see which wallet and how much bitcoins were transferred to. True, it is not a fact that extracts the name from this information, rather the opposite, because the system is truly anonymous.

The cryptocurrency is not provided with gold reserves or the economy of any state, but it has a certain rate, which is constantly changing and is listed on the exchange. The more people use bitcoins as a medium of exchange, the higher the rate, since the popularity of information money is increasing, and their total number is strictly limited. For example, in the case of Bitcoin, in accordance with the algorithm for its implementation, more than 21 million monetary units cannot be created. So far this number has not been reached and what the rate will be after the extraction of the last bitcoin is unknown.

And most importantly, any such cryptocurrency system can not only have a host but even an external or internal administrator. It does not belong to anyone and therefore it has almost no transfer fees. The system is controlled by the algorithm that is embedded in it, and no one (neither the courts, nor officials, nor persons in execution) can intervene in its work. This freedom has a downside, but this is what distinguishes bitcoins, light coins, and other coins from any other type of electronic money.

Disclaimer: This is a paid post and should not be considered as news/advice.

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What is a cryptocurrency and why is it needed? - AMBCrypto English