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Korean superconductor LK-99 joins memecoin craze

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Final month, a group of South Korean scientists claimed to have engineered a superconducting materials, dubbed LK-99, that works underneath ambient temperature and stress. In layman’s phrases, the group allegedly created a cloth permitting electrical currents to stream with out resistance or vitality loss. Beforehand, such sorts 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 group, is already inflicting a stir among the many scientific and maybe crypto neighborhood. Inside days of its publication, a number of LK-99 memecoins have already been listed on decentralized change Uniswap. One such coin, the ERC-20 LK-99 token, was listed lower than 24 hours in the past and has already surpassed $3 million in complete buying and selling quantity on the time of publication. 

Memecoins have been wildly fashionable amongst crypto lovers for a lot of this yr, with tokens being created based mostly 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 fall in value, lots of the tokens’ developers have warned that the meme tokens they created don’t have any intrinsic worth.

Nonetheless, there’s now a consensus among the many scientific neighborhood that superconductor know-how 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 might 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, similar to QAN Platform chief know-how officer Johann Polecsak, stated that quantum computer systems would finally be capable of inverse the encryption methodology of present cryptocurrencies within the coming many years — assuming no technological upgrades are made to such a blockchain. 

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