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Last month, a group of scientists from South Korea announced that they have developed a superconducting material named LK-99, which operates under normal temperature and pressure conditions. In simpler terms, the team reportedly created a substance that enables electrical currents to flow without any resistance or energy loss. Previously, such materials were believed to function solely at absolute zero temperatures.
First reported successful replication of LK-99
Achieved by a team at Huazhong University of Science and Technology and shared 30 minutes ago.
Reason this is significant:
The LK-99 flake exhibits slight levitation in both orientations of the magnetic field, indicating it is not merely a… pic.twitter.com/bh0x9oqaz2— Andrew Cote (@Andercot) August 1, 2023
However, this new alleged advancement, which has already been replicated (synthesis-only) by at least one additional research group, is generating excitement within both the scientific and potentially the crypto community. Just days after its announcement, several LK-99 memecoins have been introduced on the decentralized exchange Uniswap. One such coin, the ERC-20 LK-99 token, was listed less than 24 hours ago and has already exceeded $3 million in total trading volume at the time of this report.
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Memecoins have gained significant popularity among crypto enthusiasts throughout this year, with tokens being developed based on themes such as Pepe the Frog, Milady’s non-fungible token collection, and even ERC-20’s Bitcoin “competitor” BRC-20. Despite their often dramatic price fluctuations, many developers of these tokens have cautioned that the meme tokens they created lack intrinsic value.
Nonetheless, there is now a shared belief within the scientific community that superconductor technology holds substantial value. For instance, superconductors are essential for the development of large-scale quantum computers. Prior to the yet-to-be-verified invention, it was assumed that such devices could only function under absolute zero conditions for superconductivity.
Therefore, achieving room-temperature superconductivity would significantly facilitate the scaling or acceleration of quantum computing advancements. Previously, blockchain experts, including QAN Platform chief technology officer Johann Polecsak, indicated that quantum computers could eventually reverse the encryption methods of current cryptocurrencies in the coming decades—provided no technological improvements are made to such blockchains.
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