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‘Oumuamua: Scientists Want to Send a Probe to Catch Up With ‘Oumuamua by 2054 – Interesting Engineering

It's the what-ifs that hurt the most.

'Oumuamua, the first interstellar object to be observed in our Solar System, might be an alien spacecraft, but it could also be a cigar-shaped rock. If only it had hung around in our neck of the galaxy long enough for us to have figured it out.

While many in the scientific community are resigned to never finding out the true answer, one team has outlined an ambitious plan to send a probe to catch up with the mysterious space object as it travels farther and farther away from Earth, a report from Forbes reveals.

After 'Oumuamua was discovered on October 19, 2017, by the Pan-STARRS1 Near-Earth Object survey, astronomers pointed out several anomalies that meant the object didn't resemble other asteroids observed in our Solar System.

Shortly after 'Oumuamua was first observed, for example, it changed speed, taking it off the initially predicted path. The strange object also left no trail of debris in its wake. An astrophysicist from Harvard, Professor Avi Loeb, and his team then famously suggested 'Oumuamua wasan interstellar alien spacecraft, or at least a piece of one.

Now, 'Oumuamua is beyond the reach of our most powerful telescopes, but those discrepancies are just too intriguing not to follow up. That's why a team from the Initiative for Interstellar Studies (I4IS) published a new paper outlining their plans for Project Lyra, a mission that would send a solar sail probe to catch up with and analyze 'Oumuamua before it's lost to us forever.

"Theories to explain the nature of 1I/'Oumuamua have included a fractal dust aggregate, a hydrogen iceberg, a nitrogen iceberg, an alien solar sail, fragments of a tidally disrupted planet, and so on," the authors of the paper wrote. "All explanations have one feature in common they are extraordinary."

The new paper says a mission could launch in early 2028 and reach 'Oumuamua, based on its speed and travel direction as it left our Solar System, between 2050-2054. For the first four years of the mission, it would orbit around the Earth twice, and Venus and Jupiter once to gain gravity assists, sending it on its way towards the mystery space object.

Solar sail technology, which was proven to work by the Planetary Society's LightSail 2 proof-of-concept mission, would help to power the probe on its way to catching up with 'Oumuamua. However, the mission would utilize a photon sail at least partially powered by a laser on Earth, in a similar fashion to Breakthrough Starshot's concept for a light sail probe that could reach our nearest star system, Alpha Centauri, within two decades of launch.

Though other teams have proposed missions to 'Oumuamua, most of these have relied on performing an Oberth maneuver around the Sun. In other words, as the probe starts falling into the Sun's gravitational well, it will power up its thruster giving it a massive speed boost. As this would require a massive shield to protect against the Sun's heat and radiation, the I4IS team proposed employing an Oberth maneuver around Jupiter instead."The mission would much more resemble existing interplanetary missions," the authors explained. However, the launch date would have to be set no earlier than February 2028, due to Jupiter's current orbital alignment.

Since 'Oumuamua was first observed, one other interstellar object, namedC/2019 Q4 (Borisov), was discovered. Unlike 'Oumuamua the comet was found to much more closely resemble other space rocks observed throughout history. All the more reason to chase 'Oumuamua and discover its mysteries. That's, of course, if it didn't already make a beeline to its nearest spaceport.

Editor's Note: An earlier version of this article featured errors in the spelling of 'Omuamua. Ithas since been corrected.

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Quantum Computing in Silicon Breaks a Crucial Threshold for the First Time – Singularity Hub

Quantum computers made from the same raw materials as standard computer chips hold obvious promise, but so far theyve struggled with high error rates. That seems set to change after new research showed silicon qubits are now accurate enough to run a popular error-correcting code.

The quantum computers that garner all the headlines today tend to be made using superconducting qubits, such as those from Google and IBM, or trapped ions, such as those from IonQ and Honeywell. But despite their impressive feats, they take up entire rooms and have to be painstakingly handcrafted by some of the worlds brightest minds.

Thats why others are keen to piggyback on the miniaturization and fabrication breakthroughs weve made with conventional computer chips by building quantum processors out of silicon. Research has been going on in this area for years, and its unsurprisingly the route that Intel is taking in the quantum race. But despite progress, silicon qubits have been plagued by high error rates that have limited their usefulness.

The delicate nature of quantum states means that errors are a problem for all of these technologies, and error-correction schemes will be required for any of them to reach significant scale. But these schemes will only work if the error rates can be kept sufficiently low; essentially, you need to be able to correct errors faster than they appear.

The most promising family of error-correction schemes today are known as surface codes and they require operations on, or between, qubits to operate with a fidelity above 99 percent. That has long eluded silicon qubits, but in the latest issue of Nature three separate groups report breaking this crucial threshold.

The first two papers from researchers at RIKEN in Japan and QuTech, a collaboration between Delft University of Technology and the Netherlands Organization for Applied Scientific Research, use quantum dots for qubits. These are tiny traps made out of semiconductors that house a single electron. Information can be encoded into the qubits by manipulating the electrons spin, a fundamental property of elementary particles.

The key to both groups breakthroughs was primarily down to careful engineering of the qubits and control systems. But the QuTech group also used a diagnostic tool developed by researchers at Sandia National Laboratories to debug and fine-tune their system, while the RIKEN team discovered that upping the speed of operations boosted fidelity.

A third group from the University of New South Wales took a slightly different approach, using phosphorus atoms embedded into a silicon lattice as their qubits. These atoms can hold their quantum state for extremely long times compared to most other qubits, but the tradeoff is that its hard to get them to interact. The groups solution was to entangle two of these phosphorus atoms with an electron, which enables them to talk to each other.

All three groups were able to achieve fidelities above 99 percent for both single qubit and two-qubit operations, which crosses the error-correction threshold. They even managed to carry out some basic proof-of-principle calculations using their systems. Nonetheless, they are still a long way from making a fault-tolerant quantum processor out of silicon.

Achieving high-fidelity qubit operations is only one of the requirements for effective error correction. The other is having a large number of spare qubits that can be dedicated to this task, while the remaining ones focus on whatever problem the processor has been set.

As an accompanying analysis in Nature notes, adding more qubits to these systems is certain to complicate things, and maintaining the same fidelities in larger systems will be tough. Finding ways to connect qubits across large systems will also be a challenge.

However, the promise of being able to build compact quantum computers using the same tried-and-true technology as existing computers suggests these are problems worth trying to solve.

Image Credit: UNSW/Tony Melov

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Microsoft Quantum Computing Executive Sees Progress After Lagging Rivals – The Information

For more than 15 years, researchers at Microsoft have been chasing the idea of building a better quantum computer, an ultrapowerful machine that promises to accelerate everything from drug discovery to the development of electric batteries.

Along the way, the company has suffered setbacks as it takes a noveland riskyapproach to developing the technology. Last year, for instance, a group of physicists that included a Microsoft researcher had to retract a paper related to quantum computing, an embarrassment that dampened morale. And even as it made progress with one method of controlling the building blocks of quantum computers, it turned away from its work on another, shutting down a project that had been underway for several years. The move resulted in several hundred people having to find new jobs within Microsoft, said a person with direct knowledge of the change.

Still, Chetan Nayak, a distinguished engineer at the company and one of Microsofts top quantum computing researchers, told The Information in an interview that the company is making technical progress. A breakthrough just before the holidays gave him more faith in its efforts, he said. While Nayak wouldnt go into much detail, he said Microsoft conducted simulations that made him confident the companys approach wasnt a dead end. He was so enthusiastic about the results that he told his wife he didnt need a Christmas gift.

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LG Electronics Joins the IBM Quantum Network – Database Trends and Applications

IBM has announced that LG Electronics has joined the IBM Quantum Network to advance the industry applications of quantum computing. By joining the IBM Quantum Network, IBM will provide LG Electronics access to IBM's quantum computing systems, as well as to IBM's quantum expertise and Qiskit, IBM's open source quantum information software development kit.

LG Electronics aims to explore applications of quantum computing in industry to support big data, artificial intelligence, connected cars, digital transformation, IoT, and robotics applications?all of which require processing a large amount of data.

With IBM Quantum, IBM says, LG can leverage quantum computing hardware and software advances and applications as they emerge, in accordance with IBM'squantum roadmap. By leveraging IBM Quantum technology, LG will provide workforce training to its employees, permitting LG to investigate how potential breakthroughs can be applied to its industry.

"We're happy to welcome LG Electronics to a growing quantum computing ecosystem in Korea at an exciting time for the region," saidJay Gambetta, IBM fellow and VP, quantum computing, at IBM. "The relationship between IBM and LG Electronics will permit LG to explore new types of problems associated with emerging technologies and will help strengthen the quantum capabilities in Korea."

At the IBM Quantum Summit inNovember 2021, IBM recentlyunveiledits new 'Eagle' quantum computing processor with 127 qubits, a major step forward in IBM's roadmap to reach Quantum Advantage.

There are more than 170 clients, including LG Electronics, Fortune 500 companies, start-ups, academic institutions and research labs working with IBM Quantum technology to advance quantum computing and explore practical applications.

For more information about IBM's quantum computing efforts, visitwww.ibm.com/quantum-computing.

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US Army visits Brazil in search of technological partnership for Security and Defense areas – Dialogo-Americas.com

By Brazilian National Service for Industrial Learning January 24, 2022

In mid-January, representatives from the U.S. Army Combat Capabilities Development Command (DEVCOM) visited Salvador, in Bahia state, Brazil, to discuss the possibility of cooperation in technological innovation projects with the Brazilian National Service for Industrial Learning (SENAI).

DEVCOM-Americas Director Harry DuRette, and Rosa Santoni, director of DEVCOM Technology and Innovation Office in Brazil, visited the facilities of SENAI CIMATEC (Integrated Manufacturing and Technology Center, in Portuguese), on January 18. At the headquarters, located in the neighborhood of Piat, in Salvador, DuRette and Santoni visited the Defense and Security Center, the Robotics and Quantum Computing Centers, and also the Aeronautics Research Laboratory and the Ballistic Testing Laboratory.

DuRette said that what is most impressive is the size of the facilities, which encompass many competencies. It is a good demonstration of Brazilian science and technology. And the capacity for growth in these areas is what I see as the most promising aspect for the advancement of our partnership.

Quantum computing

This is the second visit of DEVCOM representatives to SENAI CIMATEC. The Brazilian Ministry of Defense and the Brazilian Army took part in the first visit in 2020 and support the advancing partnership between SENAI CIMATEC and the U.S. Army research center. This second meeting marks a breakthrough in the interest of academic and technological cooperation between the U.S. Army Research Laboratory and SENAI CIMATEC.

Milton Deir, researcher at SENAI CIMATECs Defense and Security Center, said that there are already some mapped areas of common interest, among them quantum computing. They have part of the expertise, we have part of the expertise, and this joining of forces comes at an extremely important moment for us to advance in the development of these technologies on both sides.

The U.S. Army representatives also visited CIMATEC Park, SENAI CIMATECs technological and industrial complex, which spreads over a 4-million-square-meter area in the Camaari Industrial Complex. Tarso Nogueira, manager of the SENAI CIMATEC Defense and Security Center, said that six project proposals have already been submitted to DEVCOM for evaluation so that we can, in the next few months, conduct some of these projects with them. And, who knows, maybe soon we will have an exchange of teams here at SENAI CIMATEC with the laboratories that form the network within the U.S. military.

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Hyperion Research Says 2021 Will Be an Exceptional Growth Year for the Global HPC Market – HPCwire

With Fourth-Quarter Figures Still Due from Vendors, 2021 HPC Server Revenue Are Projected to Grow More Than 12% and Push the Overall On-Premises Market Past $31 Billion

ST. PAUL, Minn., January 24, 2022 Although many vendor-reported figures for the fourth quarter arent available yet, high performance computing (HPC) market analyst firm Hyperion Research said its clear 2021 will be an exceptionally strong growth year for the worldwide HPC market, according to CEO Earl Joseph.

Based on 2021 growth over the prior-year quarters of 13.3% (first quarter), 23.9% (second quarter) and 18.6% (third quarter), the company projects full-year 2021 revenue for on-premises HPC server systems will grow at least 12% to reach over $15 billion in HPC server revenues. Growth in this plus related segments, including software, storage and technical support services, will lift revenue for the overall on-premises HPC market above $31 billion. This compares with overall market revenue of $27.3 billion in 2020.

Adding revenue for cloud-based HPC usage raises the projected 2021 HPC market total to more than $36 billion. Joseph said Hyperion Research forecasts that by 2025, the on-premises HPC market will pass $38 billion and cloud-based HPC usage will be worth nearly $9 billion, elevating the combined on-premises and cloud-based total to about $47 billion.

Exceptional HPC market growth in 2021 was driven by much stronger adoption of HPC in mainstream markets, pre-exascale systems and other high-end supercomputers, along with external storage and cloud use, Joseph said. We expect our forecast growth to be uneven quarter to quarter, depending heavily on when pre-exascale and exascale supercomputers are accepted for payment by customers, but increasing demand for HPC in established and in newer areas, especially artificial intelligence, cloud, quantum and edge computing, promises robust growth in this transformational technology market.

About Hyperion Research Holdings

Hyperion Research helps organizations make effective decisions and seize growth opportunities by providing research and recommendations in both high performance computing and emerging technology area. For more information, visit http://www.hyperionresearch.com and http://www.hpcuserforum.com.

Source: Hyperion Research

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Bitcoin climbs into positive territory after falling below $33,000 to a new low – CNBC

Bitcoin bounced into positive territory Monday after initially continuing its slide from last week.

On Monday, bitcoin fell to $32,982.11, its lowest point since July, according to Coin Metrics, but the largest cryptocurrency by market cap was up 5.6% in afternoon trading, to $37,183.25, as broader equities reversed course and ended the day higher. Earlier in the session, the Dow fell as much as 1,115 points and the S&P 500 briefly fell into correction territory.

Ether plunged to as low as $2,176.41, its lowest since July, according to Coin Metrics. It last rose 1.1% to $2,444.85. Bitcoin and ether are about 45% and 49% off their respective all-time highs.

Cryptocurrencies have been moving in tandem with stocks, which have continued to fall since the beginning of the year and just came off of their worst week since March 2020. Investors have been selling risk assets like technology stocks, as they prepare for tighter monetary policy from the Federal Reserve.

"It's possible that macroeconomic concerns, such as the Fed's response to inflation rates, have facilitated more de-risking activity in general," said Juthica Chou, head of OTC options trading at Kraken. "The recent price drop, coupled with high volatility, could be leading to further selling as participants look to reduce risk."

Investors also are assessing the impact of further regulation on the cryptocurrency market. Last week, Russia's central bank proposed banning the use and mining of cryptocurrencies.

Given current market sentiment, bitcoin is likely to test the $30,000-$32,000 range, according to Vijay Ayyar, Luno's vice president of corporate development and international expansion. If the cryptocurrency holds above $30,000 for as long as one week, there could be a base formed at those levels before the market moves higher, he said. However, it could be some time for the market to turn bullish given the lack of confidence across the spectrum, he added.

Several other analysts have said they see $30,000 as the next level of support for the cryptocurrency to test. However, analyst John Roque of 22V Research said bitcoin could fall even further. He also has been using $30,000 as a target but noted the median historical bear market for bitcoin is down 78%.

"A 78% decline from the bitcoin high of nearly $69,000 would imply a potential downside figure of about $15,000," he said in a note Monday. "It's probably safe to say that not one bitcoin bull has that figure in their model. To be sure, we don't either but we think it's worth keeping in our back pocket in case we need it."

Investors are also grappling with rising inflation. Bitcoin proponents have long suggested the digital coin is a hedge against inflation, but that theory has not held up for many newer investors. As institutional interest poured into bitcoin last year, there are more short-term investors in the crypto market valuing bitcoin like a tech stock than ever before. Analysts have said there's concern a more hawkish Fed could take the wind out of the crypto market's sails.

"Looking forward, our most immediate concern is how equities markets respond to this week's Fed meeting, especially after having just endured their worst week since the global onset of Covid," said Leah Wald, CEO at digital asset investment manager Valkyrie Funds.

"A consolidation in stocks would lead to a risk-on environment where traders are more willing to take on additional risk assets such as bitcoin," she added, "since digital assets have become increasingly correlated to equities as more companies continue to add bitcoin to their balance sheets. Volatility is likely to be a feature of bitcoin for at least the short term, as traders figure out where market sentiment isfollowing this week's Fed meeting."

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1 Cryptocurrency I’d Buy Right Now Without Any Hesitation – Motley Fool

I'll be the first to admit that I was initially skeptical about cryptocurrencies. Some of legendary investor Warren Buffett's criticisms of crypto seemed to make sense. For example, the legendary investor has stated that "cryptocurrencies basically have no value and they don't produce anything."

Now, my view is that Buffett is missing the mark -- at least with some cryptocurrencies. However, I'm still somewhat reluctant to dive in with some digital coins that I think have real growth potential because of my earlier reservations. But that's not the case across the board. Here's the one cryptocurrency I'd buy right now without any hesitation.

Image source: Getty Images.

Isuspect that Buffett wasn't all that familiar withEthereum (CRYPTO:ETH) when he has made negative comments about cryptocurrencies in the past. The Ethereum blockchain is used to produce things. Plenty of them.

So far, the Ethereum ecosystem includes thousands of decentralized applications. Over 4,000 developers actively work on the Ethereum platform -- way more than any other blockchain. In fact, more than 40 of the top 100 cryptocurrencies based on market cap are built on top of Ethereum.

The key to Ethereum's success is its support of smart contracts that automatically execute when specified events meeting contractual agreements are completed. Smart contracts make a wide array of applications possible, including non-fungible tokens (NFTs) and decentralized finance (DeFi) apps.

It's not surprising at all that Ethereum ranks as the second-largest cryptocurrency on the market based on market cap, trailing behind only Bitcoin. Ethereum seems destined to gain ground on Bitcoin and could eventually even claim the top spot.

Nothing is perfect, though. Ethereum has its drawbacks. In particular, the blockchain isn't nearly as fast as it could be. Its network can become congested. Ethereum's transaction fees are also high.

These flaws have attracted competition. Several newer blockchains are gaining adoption even faster than Ethereum is by addressing some of these limitations. This would give me pause about buying Ethereum if I didn't know that bigger and better things are on the way.

I like that the developers of Ethereum haven't stuck their heads in the sand and ignored the problems. Instead, they've laid out a clear path to fix the issues with the Ethereum 2.0 upgrade.

The first phase of the major upgrade has already been completed. The Beacon Chain, which supports staking on Ethereum and paves the way for future improvements, is live. Next on the plan is to merge this Beacon Chain with the Ethereum mainnet later this year. The final phase, which should be completed in 2023, will introduce shard chains that expand Ethereum's scalability.

When these upgrades are finalized, Ethereum will be much faster, cheaper, and more scalable. And it should be even more attractive to developers.

Are there any reasons to be hesitant about buying Ethereum? Over the short term, the answer is clearly "yes." I think the single biggest risk for Ethereum (and other cryptocurrencies) is a prolonged environment where investors shift to less risky assets.

If I focused only on the short term, this would definitely make me hem and haw. However, my view is that a long-term perspective is needed when investing in anything. For long-term investors, a "risk-off" period where Ethereum's price is lower presents a great buying opportunity.

There are some cryptocurrencies that I'd be worried about lasting for the long term. I think, though, that Ethereum has staying power. With the Ethereum 2.0 upgrade in progress, this cryptocurrency should be a winner over the next decade and beyond.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Coinbase makes it easier to report cryptocurrency taxes – The Verge

Coinbase, one of the largest and most popular cryptocurrency exchanges, is adding a new tax center to its app and website to help US customers work out how much they might owe to the IRS as a result of their crypto transactions, the company has announced. The section is designed to gather every taxable transaction into one place to simplify matters come tax day.

Although cryptocurrencies like Bitcoin often appear similar to the fiat money were accustomed to, in the eyes of the IRS, the digital assets are actually property, according to this FAQ from the federal agency. That means cryptocurrency transactions may need to be reported as capital gains or losses, and that means keeping track of a cryptocurrencys value as its bought and sold over time. Documenting these transactions can get complicated quickly if youre regularly buying and selling.

According to Coinbase, its new section will show a personalized summary of [a customers] taxable activity on Coinbase, broken out over time by realized gains/losses and miscellaneous income. This information can then be taken to an accountant or used with tax software like TurboTax. If youre someone whos transferred crypto to external exchanges, wallets, or other DeFi (decentralized finance) services, then Coinbase says its customers can also get tax reports for up to 3,000 of these transactions free with CoinTracker.

CNBC reported last year on suspicions that a lot of the taxes due on cryptocurrency transactions are going unpaid. Although confusion about the evolving tax rules about cryptocurrencies is one reason for this, another is that exchanges like Coinbase have historically not given as much help as traditional brokerage houses to customers when it comes to reporting their gains and losses for tax purposes.

The new Coinbase tax section is accessible from the profile icon in the top right-hand corner of the interface, where Taxes will appear as a menu item. In its app, the Taxes section is accessible from the Profile & Settings menu, accessible from the top left of the apps interface. In addition to the new tools, Coinbase is also planning to offer written guides and help videos in the coming weeks to explain cryptocurrency and digital asset taxes, but for now, this overview from CNET is a helpful place to start.

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Curious about cryptocurrency? 4 ways to start investing without losing your shirt – CNET

Getty Images/Malte Mueller This story is part of So Money (subscribe here), an online community dedicated to financial empowerment and advice, led by CNET Editor at Large and So Money podcast host Farnoosh Torabi.

If I had a dollar for every email with the words "bitcoin" or "NFT" sent to me over the last few years, I'd be richer than some of the cryptocurrency millionaires making headlines.

OK, that may be an exaggeration. But I will say that in this sector it's exceedingly difficult to separate the fanfare from the fundamentals. As "experts" online tout crypto as the "investment of a lifetime," new datashows that a majority of young millionaires hold the bulk of their wealth in it. What's next? Kim Kardashian promoting an obscure cryptocurrency? Oh, wait...

Then there's the cryptocurrency market's recent steep sell-off, which points to its ongoing volatility and uncertainty about the future.

Through my efforts to learn more, I've found that investing experts and financial and tech journalists tend to agree that crypto hasbecome part of our lives andis not going away. At the same time, there's a ton of investor misguidance. Too many people are making financial moves off of pure adrenaline and speculation.

"Investing should be boring," says Georgia Lee Hussey, founder of Modernist Financial in Portland, Oregon. "If you're super duper excited about your portfolio, you're doing it wrong. Full stop."

Spencer Jakab, a longtime Wall Street reporter and author of the new book The Revolution That Wasn't, isn't convinced we have to participate at all. "There's no rhyme or reason to it ... I'm not a fan," he says.

But we can't help but be curious. Many of you have told me you want to understand how to start trying out this market in a clearheaded, substantive way. Are there ways to test the crypto waters that are measured, emotionally intelligent and rooted in a strategy? I have some ideas below.

One way to "invest" in the cryptocurrency market is by working for a crypto company. And now, there are more choices than ever. Crypto-related job opportunities surged 395% in the US between 2020 and 2021, according to LinkedIn. That's about four times more than job listings in the broader tech industry.

After spending most of her career working for conventional financial institutions like TIAA and BlackRock, corporate communications executive Lauren Post was tapped to join Bakkt, an Atlanta-based digital asset platform. Bakkt, which went public last fall, works with noncrypto companies that want to offer their clients cryptocurrency experiences. This includes working with credit card companies that offer cardholders crypto rewards, as well as teaming up with banks to help them integrate crypto trading with their platforms.

"I was both intrigued and slightly apprehensive because I didn't know much about crypto," said Post in an email. "But, after having spent my career at traditional financial services companies, I realized that learning about crypto couldn't be much different from learning about target date funds, fixed income, credit default swaps or any other corner of finance. I also realized that the skills I have unpacking complex topics for general audiences can be applied to any industry and are timely for the crypto space right now."

Not into pegging your cryptocurrency's success to a rally sparked by an Elon Musk tweet?

A new cryptocurrency genre called stablecoins bloomed in 2021, and unlike its peers, it promises less volatility and a more direct connection to traditional forms of value. Stablecoinsare like "cryptocurrency with a twist," according to CNET's Julian Dossett. He explains: "Instead of being 'mined' by an open, distributed network of computers performing a combination of math and record-keeping, a stablecoin derives its price from the value of another asset. In short, a stablecoin is pegged to some other underlying asset." Many stablecoins are fixed to the US dollar.

Think of a stablecoin as you would chips at a poker table, says Dossett. Instead of buying bitcoin or any other cryptocurrency directly with fiat money like the US dollar, you pay cash to buy stablecoins first -- they're available on most crypto exchanges including Coinbase -- and can then trade stablecoins for other forms of cryptocurrency.

The blockchain is the digital ledger that facilitates and records bitcoin transactions, but this technology can do more than power bitcoin. More broadly, due to its decentralization and cryptography, the blockchain can create much-needed efficiency and security to a number of markets from insurance to real estate, banking and legal.

If you're interested in learning about the crypto market, consider looking into the blockchain. It can be time well spent for someone seeking to enhance their business or examining how to leverage the technology where they work.

As an investor, I'm bullish on the concept of the blockchain. To that end, I've chosen to contribute a tiny portion of my retirement savings in a fund called BLOK, which comprises established companies such as Square, Paypal and Nvidia that are investing in blockchain technology.

Invest in cryptocurrency if you'd like to, but just because this is a new asset class doesn't mean abandoning tried-and-true methods of portfolio management. For starters, don't bet the farm. Hussey and many financial planners recommend limiting our holdings of so-called alternative and relatively high-risk assets like cryptocurrency, real estate and start-ups to no more than 5% of our total portfolio. "It is an asset class in its infancy," says Hussey. "We don't really understand the market because it's not built to be understandable."

Finally, invest in a bunch of currencies. No matter how confident you may be in a particular digital coin, remember that diversification helps to mitigate losses over time. (You don't want to be like some of the early investors during the dawn of the internet who went all in on pets.com.)

"If you're really confident about some bet, if you have some reason to believe you've got an edge, you still don't bet all your money because there's no sure thing," says Jakab. "To invest exclusively in a single category is something not even the best gamblers do."

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