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Home Altcoin News

Korean superconductor LK-99 joins memecoin craze

krypticbuzz_y01pte by krypticbuzz_y01pte
August 6, 2023
in Altcoin News, Altcoins, Blockchain, Cryptocurrencies, Defi, Web-3.0
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Korean superconductor LK-99 joins memecoin craze
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The world’s supposed first room-temperature ambient strain superconductor already has a memecoin.

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

However the brand new supposed breakthrough, which has since been replicated (synthesis-only) by not less than 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 alternate 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 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 usually meteoric rise and fall in value, most of the tokens’ developers have warned that the meme tokens they created haven’t any 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 units might solely function underneath absolute zero circumstances for superconductivity.

Thus, room-temperature superconductivity would significantly assist scale or speed up the event of quantum computing. Beforehand, blockchain specialists, comparable to QANplatform chief expertise officer Johann Polecsak, stated that quantum computer systems would finally be capable to inverse the encryption methodology of present cryptocurrencies within the coming a long time — assuming no technological upgrades are made to such a blockchain.

The article is initially from Cointelegraph.

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