Home Crypto Korean superconductor LK99 joins memecoin craze

Korean superconductor LK99 joins memecoin craze

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Korean superconductor LK99 joins memecoin craze

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Final month, a staff of South Korean scientists claimed they engineered a superconducting materials, dubbed LK-99, that works beneath ambient temperature and strain. In layman’s phrases, the staff allegedly created a cloth permitting electrical currents to circulate with out resistance or vitality loss. Beforehand, such varieties of supplies have been solely thought to have functioned at absolute zero temperatures.

However the brand new supposed breakthrough, which has since been replicated (synthesis-only) by at the very least one different analysis staff, is already inflicting a stir among the many scientific and maybe crypto neighborhood. Inside days of its publication, a number of LK99 memecoins have already been listed on decentralized alternate Uniswap (UNI). One such coin, the ERC-20 LK99 token, was listed lower than 24 hours in the past and has already surpassed $3 million in whole buying and selling quantity, on the time of publication. 

Memecoins have been wildly widespread amongst crypto lovers for a lot of this 12 months, with tokens being created primarily based on ideas of Pepe the Frog, Milady’s nonfungible tokens assortment, and even ERC-20’s Bitcoin “competitor” BRC-20. Regardless of their typically meteoric rise and falls in worth, lots of the tokens’ builders have warned that the meme tokens they created have “no intrinsic worth.” 

Nevertheless, there’s now a consensus among the many scientific neighborhood that superconductor know-how has immense worth. For starters, superconductors are mandatory for the development of large-scale quantum computer systems. Earlier than the yet-unverified invention, it was thought that such gadgets might solely function beneath absolute zero circumstances for superconductivity. 

Thus, room-temperature superconductivity would enormously assist scale or speed up the event of quantum computing. Beforehand, blockchain consultants, equivalent to QAN Platform CTO Johann Polecsak, acknowledged that quantum computer systems would finally be capable of inverse the encryption technique of present cryptocurrencies within the coming many years — assuming no technological upgrades are made to such a blockchain. 

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