Korean superconductor LK-99 joins memecoin craze

The world’s supposed first room-temperature ambient pressure superconductor already has a memecoin.

Last month, a team of South Korean scientists claimed to have engineered a superconducting material, dubbed LK-99, that works under ambient temperature and pressure. In layman’s terms, the team allegedly created a material allowing electrical currents to flow without resistance or energy loss. Previously, such types of materials were only thought to have functioned at absolute zero temperatures.

But the new supposed breakthrough, which has since been replicated (synthesis-only) by at least one other research team, is already causing a stir among the scientific and perhaps crypto community. Within days of its publication, several LK-99 memecoins have already been listed on decentralized exchange Uniswap. One such coin, the ERC-20 LK-99 token, was listed less than 24 hours ago and has already surpassed $3 million in total trading volume at the time of publication. 

Memecoins have been wildly common amongst crypto fanatics for a lot of this 12 months, 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 fall in value, most of the tokens’ developers have warned that the meme tokens they created don’t have any intrinsic worth.

Nevertheless, there’s now a consensus among the many scientific group 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 significantly assist scale or speed up the event of quantum computing. Beforehand, blockchain specialists, reminiscent of QANplatform chief expertise officer Johann Polecsak, stated that quantum computer systems would ultimately have the ability 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.