Professor Massimiliano Sala, a professor of Mathematics at the University of Trento, warns that quantum computing poses significant threats to blockchain security. He highlights that quantum computers could solve problems foundational to digital signatures, compromising user assets on blockchain platforms. To mitigate these risks, Sala emphasizes the need to transition to quantum-resistant cryptographic systems. He […]
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LBank Exchange Will List The Quantum Resistant Ledger (QRL) on March 1, 2024
PRESS RELEASE. Road Town, BVI, February 29th, 2024 – In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of The Quantum Resistant Ledger (QRL) on March 1, 2024. Users of LBank Exchange can brace themselves for the QRL/USDT trading pair, which […]
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Quantum Cats NFT Collection Jumps in Value, Dominates Secondary Market Trade Volume
Following the launch of Taproot Wizards’ Quantum Cats non-fungible token (NFT) series, secondary market activity reveals significant trading volume and a significant increase in the collection’s minimum value. Initially offered at 0.1 bitcoin each, Quantum Cats’ lowest value now fluctuates around 0.303 bitcoin or ,062 for each NFT.
Quantum Cats Floor Values Leap to New Heights
Just 48 hours prior, Bitcoin.com News covered the Quantum Cats NFT launch, which had experienced some setbacks. Post-launch, having garnered over million through initial sales, Quantum Cats are now commanding prices well above the 0.1 BTC initial cost. According to Magic Eden’s figures, transactions totaling 257.6658 BTC, equivalent to .1 million, have been executed for Quantum Cat since they were introduced to the secondary market.
Moreover, on the Okx Bitcoin inscriptions trading platform, the Ordinals series has recorded 245.3061 BTC or .57 million in transactions since its debut. Magic Eden lists the Quantum Cats collection’s minimum value at 0.303 BTC or ,062, whereas Okx shows a minimum of 0.338 BTC or ,571 per collectible. This indicates that since their initial listing, the NFTs’ lowest value has surged to more than threefold the original sale price.
Currently, of the 3,333 NFTs, 533 are up for grabs on Magic Eden, with only 28, or 0.84%, available on Okx’s inscriptions marketplace. With 2,720 distinct holders, the collection ranks as the leading NFT series on both Okx and Magic Eden as of 9:00 a.m. Eastern Time on Wednesday.
At the moment, Bitcoin-centric NFT sales rank just behind Ethereum, with a total of ,615,064 in sales over the previous week, compared to Ethereum’s 0,712,013. Despite this, Quantum Cats face stiff competition from established Bitcoin inscription series like Bitcoin Punks and Ordinal Maxi Biz. Notably, five days ago, Bitcoin Punk #60 fetched 9,266, marking it as the priciest Ordinal inscription sold in the last week.
What do you think about the Quantum Cats NFTs rising in value on secondary markets? Share your thoughts and opinions about this subject in the comments section below.
Taproot Wizards’ Quantum Cats NFTs Leap Past Technical Glitches to Amass $11.3M in Bitcoin
The sale of Taproot Wizards’ Quantum Cats non-fungible tokens (NFTs) has so far successfully amassed 268.3 bitcoin, equating to .3 million at the current market value. This achievement comes despite earlier hurdles that delayed the sale due to technical issues, resulting in 2,681 Quantum Cat NFTs being snapped up thus far.
Quantum Cats NFT Mint Rakes in Over 268 Bitcoin Before Public Sale
Bitcoin.com News covered the Taproot Wizards’ Quantum Cats NFT sale three days prior, noting the technical challenges that led to a postponed sale. By Feb. 5, 2023, the sale kicked off, with a significant portion of these Ordinal inscription collectibles being purchased before the general public had a chance to participate.
Initially, access to the collection was exclusively granted to whitelisted individuals for a certain duration, after which the opportunity was opened up to the broader public. Before the end of the whitelist period, the project’s X account announced that 2,600 cats had been created. The official whitelist mint concluded at 5 p.m. Eastern Time (ET) on Monday, with the public mint starting after a one-hour delay. Out of a total of 3,000 Quantum Cats, 2,680 have been minted to date.
With each Quantum Cat priced at 0.1 BTC, the sale had already secured 268.3 BTC, or .3 million, by the time the whitelist period ended. Now, slightly more than 300 cats remain available for purchase by the wider public—with the exception of U.S. residents. According to the Quantum Cats sale terms, Taproot Wizard inscriptions “are not offered to and may not be purchased by” anyone living within U.S. territories.
Post-sale, it remains to be seen whether the Quantum Cats NFTs will increase in value, maintain their initial price, or decline below the 0.1 BTC benchmark on secondary markets. The sale occurs amid a surge of interest in Ordinal inscriptions within the NFT realm, with Bitcoin now ranking as the second-largest platform for NFT sales, boasting .25 billion in NFT sales volume to date.
What do you think about the Taproot Wizards’ Quantum Cats NFT sale? Share your thoughts and opinions about this subject in the comments section below.
Taproot Wizards Postpones ‘Quantum Cats’ Mint for the Third Time Amid Technical Setbacks
Technical difficulties have led Taproot Wizards to delay the minting of their “Quantum Cats” Bitcoin Ordinals collection for a third time. The team’s efforts to address unforeseen challenges and ensure a flawless minting experience have pushed back the launch date.
Taproot Wizards Faces Third Setback, Delays ‘Quantum Cats’ Mint for More Testing
Taproot Wizards, the team behind the eagerly anticipated “Quantum Cats” collection, has announced yet another delay in the minting process. This marks the third postponement of the sale, casting a shadow over what was heralded as a high-profile launch in the world of Bitcoin-based NFTs.
Originally scheduled to capitalize on the growing fascination with Bitcoin Ordinals, the “Quantum Cats” collection has faced hurdles. Taproot Wizards’ ambition to innovate the minting process, aiming to circumvent common issues such as mempool sniping and fee wars, has encountered unexpected challenges, leading to the latest delay.
The team’s recent post on X revealed their decision to push back the mint date revolved around their commitment to ensuring a fair and secure experience for their community. Despite successful collaborations with Ordinalhub/Luxor, a leading tech firm renowned for its work with prominent brands like Yuga Labs and Degods, the overwhelming demand from the community took the team by surprise.
Monday’s attempt to mint approximately 3,000 “Quantum Cats” at a fixed price of 0.1 BTC each — a venture that could amass around million — was thwarted by technical difficulties. The mint was rescheduled for Thursday, but late Wednesday another delay to Feb. 5 was announced. The technical issues have since been addressed, according to the team, but the need for further testing to eliminate any potential unknown bugs led to the decision to delay again.
The Quantum Cats team expressed their dedication to the community’s safety and fairness, stating that the mint for whitelist holders is now rescheduled for Monday, Feb. 5, at 12pm ET, with a public mint to follow after a brief intermission.
Despite these setbacks, Taproot Wizards remains hopeful, urging patience and understanding from their community.
Will this be the last delay? Share your thoughts and opinions about this subject in the comments section below.
‘Quantum Cats’ Launch Faces Technical Glitches, Taproot Wizards Postpones NFT Sale
“Quantum Cats” Bitcoin NFTs was marred by technical issues, forcing the company to postpone the sale. Despite an initially successful minting of nearly 1,000 cats, server overload led to an unexpected delay, causing frustration among eager buyers.
‘Quantum Cats’ Bitcoin NFT Launch Stumbles: Rescheduled Amid Technical Woes
The sale of Taproot Wizards’ first collection of Bitcoin inscriptions, “Quantum Cats,” faced technical difficulties, causing frustration among users and leading to an unforeseen postponement. This setback occurred during the launch of the debut collection, designed to commemorate the Bitcoin improvement proposal known as OP_CAT.
The initial sale, featuring approximately 3,000 digital cats, began with a two-hour “whitelist” window at 17:00 UTC on Monday. However, due to unexpected technical issues, the sale was abruptly pushed to Tuesday. Taproot Wizards, in a statement on social media platform X, attributed the delay to overwhelming demand exceeding server capacity.
Despite the hiccups, the project successfully minted nearly 30% of the cats on Monday, equivalent to roughly 1,000 units, generating an estimated 100 bitcoin (about .3 million). Each cat was priced at 0.1 bitcoin, or ,300, potentially raising up to 300 bitcoin (.9 million) upon complete sale.
The setback marks a rocky start for Taproot Wizards, which previously secured .5 million in a seed funding round last November. The firm’s focus on the burgeoning field of Bitcoin inscriptions, particularly through the Ordinals protocol, has been met with high expectations. Notably, the “Genesis Cat,” the first item in the Quantum Cats series, fetched a remarkable 4,000 at a recent Sotheby’s auction.
Originally, the sale was scheduled to pause for an hour following the two-hour whitelist window before resuming for general public purchase. However, the complications led to a flurry of complaints on the project’s Discord channel.
In response to the mishap, Udi Wertheimer, co-founder of Taproot Wizards, announced a rescheduled minting date, set for Thursday, Feb. 1, at 12pm ET. The revised plan extends the whitelist mint to five hours, concluding at 5pm ET, followed by a one-hour break before the public mint begins at 6pm ET. This adjustment aims to accommodate global time zones and acknowledge the efforts of early risers around the world.
Wertheimer reassured that despite the technical difficulties, all transactions processed on the original minting day were secure, with nearly 1,000 cats minted successfully. He confirmed that all funds and cats are safe, promising that everyone who initiated a transaction would receive a Quantum Cat. The distribution of these cats to wallets is scheduled for the day following the mint, with a dedicated website enabling users to identify their minted cats.
Reflecting on the challenges faced during the mint and the team’s determination to rectify the situation, Wertheimer drew a parallel with the company’s journey. He noted that on Feb. 1, 2023, they mined the first 4MB block on Bitcoin with the first Taproot Wizard, overcoming significant hurdles the night before. Drawing inspiration from this milestone, Wertheimer expressed confidence in delivering Quantum Cats to the world and taking Bitcoin to new heights, despite the current setbacks.
Are you going to try and get a cat in the public mint? Share your thoughts and opinions about this subject in the comments section below.
CAGA Crypto’s Quantum Leap: Liquid Staking, Governance, and Listings on Gate.io and Bitmart
PRESS RELEASE. USA, New York, November 23, 2023 – In the dynamic realm of decentralized finance (DeFi), CAGA Crypto emerges as a remarkable example of innovation and community-driven governance. As it prepares for listing on major centralized exchanges – Gate.io, Bitmart, the crypto community is abuzz with anticipation. Here’s an exclusive look into the groundbreaking features that set CAGA Crypto apart and the strategic vision propelling it into the future.
Gate.io and Bitmart Listings: Triumphant Entry into Mainstream Crypto Exchanges
CAGA Crypto is set to make its presence felt on the global stage with listings on three prominent centralized exchanges. On November 29, 2023 – 9 AM UTC, Gate.io will unlock access to CAGA for traders and investors, followed by Bitmart on November 30, 2023 – 3 PM UTC.
Gate.io: Where Global Cryptocurrency Excellence Unfolds
Gate.io, established in 2013, stands as a global crypto exchange powerhouse. Renowned for its top-tier trading volume globally, it offers a comprehensive blockchain platform. As it gears up to list CAGA Crypto on November 29, 2023 – 9 PM UTC, Gate.io maintains its status as a pillar of innovation, facilitating seamless crypto transactions for a diverse range of traders and investors.
Bitmart: Worldwide Hub for Digital Currency Enthusiasts
BitMart, a global crypto exchange with a presence in 180+ countries, provides a robust platform for buying and selling over 1,000 digital currencies and tokens. Its user-friendly interface and extensive features make it a go-to choice for crypto enthusiasts worldwide. Scheduled to list CAGA Crypto on November 30, 2023 – 3 PM UTC, BitMart continues to redefine the landscape of global crypto trading.
About CAGA Crypto: DAO Shaping Future of Finance Collectively
CAGA Crypto distinguishes itself through a decentralized autonomous organization (DAO) model, driven by its dedicated token holders – the CAGA community. Anonymity and shared decision-making form the backbone of its operations, enabling the community to wield absolute power in shaping the project’s trajectory.
The DAO relies on liquid staking and shared governance, encouraging active participation from stakeholders. The goal is to build a robust network of individuals passionate about profitable ventures in the Web 3.0 landscape.
Liquid Staking: Non-Fiction Governance and Generous Rewards
CAGA Crypto’s innovative approach to liquid staking involves pledging CAGA or ETH tokens, receiving liquid staking tokens (cgCAGA or cgETH) in return. This allows participants to propose platform changes, earn rewards, and accumulate voting power.
Staking on CAGA Crypto not only brings potential rewards based on the staked amount and chosen asset but also grants users the power to participate in community votes and share in the treasury’s earnings. The voting power is directly tied to the number of staked tokens, promoting fair and transparent governance
DAO Governance: 100% Community-Centered Approach
With a commitment to decentralization, CAGA Crypto empowers its members to shape the project’s direction. The DAO model focuses on inclusive decision-making processes across multiple governance categories, ensuring transparency in financial strategy, operations, technical development, compliance, and community development.
The Treasury, a central entity within the DAO, grows through returns on investments, partnerships, and acquisitions. Community members have a direct say in allocating funds, ensuring the long-term growth of the DAO.
CAGA Crypto’s Bright Launch Shakes Up DeFi Space
Since its much-anticipated launch, CAGA Crypto has ignited a fervor in the decentralized finance space. The market’s response has been overwhelmingly positive, with a substantial surge in token price and trading volume. CAGA has also secured a spot in CoinMarketCap, reflecting its growing prominence.
What Sets CAGA Crypto Apart?
Innovative staking rewards, dynamic DAO organization, transparent treasury management, liquid staking tokens, educational initiatives, and unwavering security fundamentals are the pillars defining CAGA Crypto’s success. Its commitment to user education ensures an empowered and informed community, contributing to sustained involvement and wise investment decisions.
Road Ahead: Glimpse into CAGA Crypto’s Future
CAGA Crypto’s roadmap promises an exciting future of service expansion and innovation. As it continues to captivate the crypto community, the buzz surrounding its launch is just the beginning. CAGA Crypto is not merely a platform. It is a movement toward a decentralized financial future, placing the community at its core with a clear vision for growth.
CAGA Crypto – Decentralized Financial Movement
The excitement surrounding CAGA Crypto’s launch is well-founded. Its innovative, transparent, inclusive, and rewarding approach to DeFi marks a significant leap toward a decentralized financial future. With the community at its core and a clear growth vision, CAGA Crypto is a movement shaping the future of finance collectively. As it prepares to debut on Gate.io and Bitmart, the crypto world eagerly awaits the next chapter in the CAGA’s saga.
Join CAGA Crypto Movement: Your Ticket to Decentralized Future
As CAGA Crypto prepares to dazzle on Gate.io and Bitmart, they invite you to be a part of this revolutionary journey. Do not miss out on the chance to stake your claim in this dynamic community. Stake your tokens, wield your voting power, and actively participate in shaping the direction of CAGA. As they unlock new opportunities on major exchanges, your involvement becomes pivotal. The upcoming listings mark a milestone, propelling CAGA Crypto to greater heights.
Get ready to trade, stake, and engage with a community passionate about profitable Web 3.0 ventures. Subscribe to their newsletter on the official website, follow them on Twitter, Telegram, Instagram or Discord, and stay tuned for updates. The journey to a decentralized financial future begins now. Join CAGA Crypto – where innovation meets community, and your voice matters!
Do not just witness this exciting moment. Be a part of it. Stake, trade, and shape the future with CAGA Crypto!
***
Contacts
Telegram: https://t.me/cagacrypto
Telegram Community: https://t.me/cagacryptogroup
Discord: https://discord.com/invite/cagacrypto
Twitter: https://twitter.com/_cagacrypto
Brand:
CAGA Crypto
Contact:
Media team
E-mail: partnership@cagacrypto.com
Website: https://www.cagacrypto.com/
SOURCE: CAGA Crypto
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
LK-99 and Cracking Bitcoin: A Quantum Leap in Optimism or Threat? Community Debates Potential Impact
In recent times, attention has gravitated towards a novel substance known as LK-99, celebrated as a potential wonder superconductor with the capability to usher in an era of lossless power transmission, more potent computers, and stronger magnets. Yet, as scientists have been laboring to replicate the LK-99 experiment up until August 5, 2023, the academic community has yet to formally endorse the superconductivity of this material. Even so, the dialogue has evolved into almost mythical conjectures, encompassing visions of handheld quantum computers and the dismantling of today’s most robust encryption, as well as the theoretical ability to penetrate Bitcoin’s cryptography.
Bitcoin Community Responds to LK-99’s Alleged Superconductivity and Possible Implications
Since July 22, 2023, scientists have been invigorated by a new paper called “The First Room-Temperature Ambient-Pressure Superconductor,” published by the researchers Sukbae Lee, Ji-Hoon Kim, Young-Wan Kwon. South Korean and Chinese researchers published preliminary results claiming the material now known as LK-99, reportedly allows electricity to flow without resistance at room temperature and standard air pressure.
If proven and commercialized, a superconductor that provides these features could have wide-ranging impacts on technology and sustainability. The invention of the semiconductor changed the world as they have partial conductivity that can be precisely controlled, making them ideal for electronics.
Superconductors, on the other hand, can transmit electricity without losses, meaning no energy is wasted as heat. Superconductors have perfect conductivity but only at impractical temperatures, limiting their every day applications so far. The new material LK-99 reportedly changes that. If validated, room-temperature superconductors like LK-99 could revolutionize computers, quantum computing, artificial intelligence (AI), healthcare, transportation, and more.
Unverified fully levitating #lk99 from China pic.twitter.com/MF9744UAeM
— LERE (@lere0_0) August 5, 2023
A viable superconductor could span nearly every technology involving electricity and magnetism. However, some experts remain skeptical given the limitations of initial studies. More rigorous testing is needed to validate the claims, and no timeline exists for commercialization. The original paper also lacked key details, raising doubts.
But the potential is enormous if LK-99 proves real. So far, the early results have energized research worldwide. Groups are now racing to reproduce the findings on LK-99 and related compounds. As of August 5, 2023, the elusive quest to produce or mirror LK-99’s purported superconductivity has remained unfulfilled by any team. Yet, this has done little to quell the surge of wide-eyed speculations that have since emerged.
Hot take 🌶️
The consensus debate about migrating #Bitcoin to Post-Quantum Cryptography is expected to be driven or at least lifted again by the sudden #LK99 discovery. pic.twitter.com/GAr6X1vptB
— ̶ᴾ̶ᵒ̶ˢ̶ᵗ Quantum Cartograpħer 🗺️ (@Year2Quantum) August 1, 2023
In the realm of cryptocurrency, the buzz surrounding the LK-99 discovery has evolved into a web of inquiries and hypotheses concerning quantum computers cracking Bitcoin’s cryptography. These theories have found their way into spirited debates across social media platforms like X and Reddit, becoming a hot topic over the past week. A notable example can be found in a post published on the subreddit forum r/bitcoin, which delves into this intriguing subject.
On August 1, 2023, a Redditor inquisitively queried the community, asking if anyone had “any thoughts on LK-99 implications for Bitcoin?” The responses were quick and varied; one individual envisioned that if the claims were true, new application-specific integrated circuit (ASIC) rigs might emerge. Another person candidly asserted that Bitcoin would need to implement quantum resistance with haste should LK-99 prove to be genuine.
“Bitcoin will need quantum resistance and relatively fast (5 years?). And more importantly actually be live on mainnet, that might be hard for Bitcoin community to actually vote and approve, on time,” the Redditor said. “Ok so maybe it might be 10 years. But do you really want to bet your entire BTC stash on that?”
Another Redditor declared that the “wealth equalization that will occur will make Bitcoin obsolete.” Meanwhile, on the social media platform X (formerly known as Twitter), similar conjectures regarding Bitcoin and LK-99 are scattered throughout various threads. “Is LK-99 Bitcoin ‘s biggest threat ever?” one individual provocatively posted on X, further elaborating, “A new wave of Quantum computers, powered by superconductors, could crack its cryptography.”
The skepticism and excitement extend further, with another user on the platform proclaiming, “Of course, if LK-99 is real, which is looking to be the case … the revolution in quantum computing will kill many types of encryption and put [a] nail in [the] coffin of bitcoin.”
At this juncture, a balanced blend of healthy skepticism and burgeoning optimism prevails. The future of LK-99 remains uncertain—it may flourish or falter. Yet, the sheer magnitude of its potential is such that the research alone could yield rich rewards, unlocking unprecedented insights into the very fabric of physics. The mere hint of room-temperature superconductors has sent a thrilling charge through the scientific community.
This pursuit, even if LK-99 ultimately falls short, might guide us to unexpected revelations and answers. However, the notion that LK-99 poses a threat to Bitcoin’s cryptography seems rather exaggerated for a phenomenon that has yet to be officially replicated and peer-reviewed. And, even if it were to reach that milestone, the journey from discovery to mass production and commercialization could span well over a decade.
What do you think about the LK-99 subject and bitcoiners discussing the possible implications to Bitcoin’s cryptography? Share your thoughts and opinions about this subject in the comments section below.
Quantum Music to Leverage ARPA’s RNG Technology to Tap into Web 3.0
ARPA, a security-oriented and privacy-preserving computation network, partnered with Quantum Music, an online marketplace aimed at the billion Asian influencer economy. Thanks to the partnership, Quantum Music will leverage the Web 3.0 and metaverse trends while bringing mass adoption to ARPA’s platform.
Quantum Music provides an online marketplace that connects influencers with brands. It has grown at an impressive pace thanks to the rapid expansion of an influencer culture on social media networks like TikTok. More than 300 influencers have joined the Quantum ecosystem, which now boasts a 70+ million follower base – eight times higher than at the beginning of 2021. Quantum Music is the platform of choice for Asian influencers who want to increase their visibility and boost their fan base to earn extra income. On the other side, brands can improve their precision marketing efforts by hiring influencers for various campaigns.
The partnership with ARPA comes at a time when Quantum Music plans to go beyond its traditional Asian market and adopt innovative technologies, such as blockchain, metaverse, and non-fungible tokens (NFTs).
Quantum Music co-founder and CEO Quan Zhang commented on the partnership:
“I have a Ph.D. in Physics, and innovation is in our company’s DNA. We want to explore experiments in the Metaverse and NFT space with a strong partner like ARPA.”
Quantum Music is focused mostly on micro-influencers, and many of them find it difficult to leverage innovative technologies to their advantage, as the resources have been unevenly distributed among creators. Zhang explained:
“Web3.0 is likely to change the game for micro-influencers drastically. We want to better help these micro-influencers build and capitalize on their true fans with the power of cutting-edge technologies, such as blockchain.”
How Will ARPA Help Quantum Music?
ARPA provides secure computation capability as an off-chain solution that is compatible with most Layer-1 blockchains. For clients looking to implement Web 3.0 solutions, it offers its verifiable random number generator (RNG) known as Randcast. It represents a verifiable, decentralized, low-cost, high-efficiency random number generator designed to empower the creators of the metaverse.
Randomness is an essential element for providing users with a more trustworthy experience. For example, it helps blockchain and Web 3.0 developers and users to generate digital signatures, public and private keys, and block hashes. Elsewhere, online games rely on randomness to make sure that players have a fair chance at winning. The need for pure randomness becomes even more evident in the metaverse.
ARPA co-founder Yemu Xu explained:
“We believe it’ll be a win-win. Quantum Music will set its foot on the Web3.0 wonderland using the best-in-class RNG tool to ensure the fairness of their future tokenized assets. At the same time, Randcast will empower Quantum Music’s global fan base that’ll provide adequate feedback for future iteration from a big sample capacity.”
Quantum Music Raises Funds on Republic
The partnership with ARPA comes after Quantum Music secured a million investment in a seed round. Now it is conducting a public fundraising campaign on Republic, a blockchain-oriented investment platform that helps startups raise funds from communities and institutional investors. Besides regular investors contributing via Republic, the platform secured funds from big names like Chris Bordeaux, who is managing director of LFG Ventures – a venture capital firm with exposure in SpaceX, Bitcoin, Kraken, and BlockFi, among others.
For Quantum Music, this is also an opportunity to promote its online marketplace to the Republic community, which comprises over 1.5 million investors. As of the beginning of March, Quantum Music raised over ,000, which exceeds the minimum goal by 270%, suggesting positive feedback from the community.
The Republic community is confident in Quantum Music’s future, especially judging by its current growth rate. The platform had a record year in 2021, with the aggregate number of followers to its affiliated influencers exceeding 70 million at the end of December, while total revenue surged 100% year-on-year.
Also, Quantum Music founders have deep experience in consulting, venture capital, and content creation.
Zhang said in an interview with Republic:
“The opportunity of the influencer economy is enormous globally, and the pandemic has expedited its growth. With the ongoing Web 3.0 evolution, I expect the influencer economy to continue rapidly expanding. Thus, at Quantum Music, our current priority is to capture a bigger slice of the new pie baked each year instead of getting too bogged down in competition.”
In the future, Quantum Music is ready to deploy fan tokens and NFTs, which will likely accelerate adoption.
Image: Pixabay
NewsBTC
How a stake pool managed to produce Cardano’s first Quantum block
Cardano inventor and IOG CEO Charles Hoskinson has celebrated the production of the platform’s first “quantum block”. Created by Cardano’s stake pool called Onyx, the operator claimed to have successfully used an algorithm on the IonQ quantum computer.
The stake pool operator has set out to use this technology to give Cardano’s blockchain a source of “true entropy.” On April 4, the operator posted the following message via its Twitter account:
Success! I have sampled 32k random bits from an eight-qubit circuit with Hadamard gates on the Rigetti quantum computer! This is now the first candidate data block for the entropy infusion into the Cardano blockchain!
Amazing to see cardano’s first Quantum block https://t.co/F2sqZBSQUm
— Charles Hoskinson (@IOHK_Charles) April 4, 2021
Benefits for Cardano’s blockchain
Promising to provide further updates shortly, Onyx’s operator confirmed that adding “true” entropy to Cardano’s blockchain will allow the platform to be more secure and resistant to tampering by bad actors.
One of the use cases for this technology could be “Tamperproof slot leader selection”. Stake pool Onyx has 4 pools. The first one has 46,458,456 funds in ADA and a lifetime ROA of 5.03% with 1,800 delegators and 55 blocks produced.
The remaining pools have more than 30 million ADA and a lifetime ROA of between 5.1% and 5.5%. The operator claimed to have implemented the Practical randomness and privacy amplification approach developed by researchers at Cambridge University and Imperial College London.
According to their research, the implementation of this approach was created to reduce the execution of this process’s complexity to a linear level. In that way, accessible tools can be used to implement it. The investigation claims:
We have presented the first complete implementation of a protocol for randomness and privacy amplification. The setup, parameters, randomness post-processing, and statistical analysis were all optimized for real-world quantum devices. Our protocol has linear rates in the runtime of the quantum device and maximal noise tolerance. The randomness post-processing was also tailored to the task of randomness and privacy amplification.
ADA is trading at ,19 with 1.3% gains in the 24-hour chart. In the weekly and monthly chart, ADA has 0.3% and 2.6% gains, respectively.
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