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Korean superconductor LK99 joins memecoin craze

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Final month, a workforce of South Korean scientists claimed they engineered a superconducting materials, dubbed LK-99, that works underneath ambient temperature and strain. In layman’s phrases, the workforce allegedly created a fabric permitting electrical currents to circulate with out resistance or power 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 least one different analysis workforce, 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 change 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 common amongst crypto fanatics for a lot of this yr, 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 value, 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 expertise has immense worth. For starters, superconductors are necessary for the development of large-scale quantum computer systems. Earlier than the yet-unverified invention, it was thought that such gadgets may solely function underneath absolute zero circumstances for superconductivity. 

Thus, room-temperature superconductivity would drastically assist scale or speed up the event of quantum computing. Beforehand, blockchain specialists, equivalent to QAN Platform CTO Johann Polecsak, acknowledged that quantum computer systems would eventually be able to inverse the encryption methodology of present cryptocurrencies within the coming a long time — assuming no technological upgrades are made to such a blockchain. 

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