Page 2,400«..1020..2,3992,4002,4012,402..2,4102,420..»

Cryptocurrency Basics: What’s the Difference Between Digital Coins and Tokens? – InvestorsObserver

While investments in complicated technology that goes way over peoples heads is a norm in the stock market, especially in the biotech and tech industries, crypto investors tend to take this hopeful-yet-ignorant investing strategy to the extreme.

With 1 in 3 crypto investors admitting to knowing little to nothing about the technology and just 16.9% reporting that they fully understand the value and potential of the technology, crypto investors seemingly invest a lot of trust with their money. Sure, your typical investor in biotechs has a limited understanding of what mRNA and gene splicing are, but they certainly understand the need for cancer treatment and remedies.

One of the most fundamental, and often misunderstood differences between various cryptos, is its classification as either a Coin or a Token. This is because, on the surface, the two are very similar. However, the utility of the two couldnt be more different.

Additionally, all Coins and Tokens are classified as cryptocurrencies, though many of them are not meant to be currencies and do not circulate as such.

Coins are the original inhabitants of the blockchain and have clear-cut qualities that separate them from Tokens and are meant to be similar to money.

So what makes a coin a coin?

First and foremost, coins are coins because they operate on their own blockchain. When an individual sends, for example, Bitcoin to another individual, that block, or transaction, gets placed on that coins blockchain. So in this case, the transaction would appear exclusively on the Bitcoin blockchain.

Furthermore, per its name, Coins are meant to act as money and have the characteristics of money, being; durability, portability, divisibility, uniformity, limited supply, and acceptability.

Lastly, Coins get mined. Not physically of course, but in order to maintain the security and transfer of Coins, mining is important. Mining is done through Proof of Work (PoW) and Proof of Stake (PoS) models. PoW models mean miners must validate and come to a consensus for a transaction to occur, however, this model is very costly in terms of energy consumption. Meanwhile, PoS favors miners with a higher or longer-standing stake in the currency and rewards miners for their commitment to the currency. Read more on the differences here.

So if Coins are digital money, then Tokens can be thought of as a digital representation of ownership of an asset. These are most commonly found in the form of NFTs and Stablecoins.

Tokens dont operate on their own blockchain but are tacked onto other blockchains, such as Ethereums. If youve ever seen XYZ is run on the Ethereum blockchain, that is a good hint that it is probably a Token.

So instead of running on the blockchains, Tokens are run by smart contracts and unlike Coins, Tokens physically change hands.

Think of it this way, if I send you money via Zelle or Venmo, the bank didnt physically move the $20 to a storage container with your name on it, from one with my name on it. Instead, the money remained in the bank and they just noted that I now have a claim to $20 less and that you now have a claim to $20 more. This is, in essence, what the blockchain does.

But what happens if you buy my car? The title, which represents ownership of the car, physically changes hands and the car is now yours. Think of tokens as a digital version of a title. It is a perfectly unique string of code that gives ownership to some kind of asset, digital or otherwise.

So whats the difference? Coins are money and Tokens represent ownership of something else, which could be anything from digital artwork like Pudgy Penguins to some amount of U.S. Dollars.

Go here to read the rest:
Cryptocurrency Basics: What's the Difference Between Digital Coins and Tokens? - InvestorsObserver

Read More..

Cryptocurrency Prices Today on October 8: Bitcoin down more than 3% – Moneycontrol

Cryptocurrency Prices Today on October 8: The total cryptocurrency market volume over the last 24 hours is $124.52 billion, an decline of 15.28 percent.

October 08, 2021 / 08:20 AM IST

Most cryptocurrencies are trading mixed on October 8.The global cryptocurrency market capitalisation is currently $2.28 trillion,down 0.56 percent in the past 24 hours.

The total cryptocurrency market volume over the last 24 hours is $124.52 billion, andecline of15.28 percent.

Bitcoin's price is currently above Rs41 lakh and its dominance is 44.49 percent, a decrease of0.73 percent over the day.

Cryptocurrency exchange Binance sees Ireland as part of its plans to establish a number of headquarters across the world, its CEO told Reuters on October 7.

Regulators across the world have in recent months scrutinised Binance, the world's largest exchange by trading volumes. Some have banned the platform from certain activities while others have warned consumers that it was unlicensed to operate.

In response, CEO Changpeng Zhao said in July he wanted to improve relations with regulators, and would break with its "decentralised" structure and establish regional headquarters.

Meanwhile, Manish Malhotra has become the first Indian fashion designer to create five non-fungible tokens (NFTs). WazirX NFT Marketplace has joined hands with FDCI X Lakme Fashion Week to introduce fashion NFTs by designers and artisans.

All five have been sold, with each going for 1,600-3,000 WRX ($1,908.8-$3,579 ).

"This unexplored new worldNFT, intrigued me. It's anew stream and platformfor not just artists who create physical products but also for new age artists, designers, illustrators, and digital content creators," Malhotra was quoted as saying by CNN-News18.

More:
Cryptocurrency Prices Today on October 8: Bitcoin down more than 3% - Moneycontrol

Read More..

HelbizCoin cryptocurrency lawsuit is revived – Reuters

The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page.

NEW YORK, Oct 4 (Reuters) - A U.S. appeals court on Monday revived a lawsuit by investors who claimed they were defrauded into buying the HelbizCoin cryptocurrency as part of a "pump and dump" scheme.

The 2nd U.S. Circuit Court of Appeals said a lower court judge erred in finding he lacked jurisdiction to review Helbiz Inc's $38.6 million initial coin offering because its coins were not listed on a U.S. exchange or bought domestically.

While not addressing the lawsuit's merits, the 3-0 decision could be a setback for cryptocurrency firms seeking to avoid liability in U.S. courts by claiming they operated and raised money in foreign countries.

Investors said Helbiz promised to use proceeds from its 2018 offering to develop a smartphone-based transportation rental platform allowing users to rent bikes, cars, scooters and flying drone taxis.

The investors said Helbiz instead kept most of the money for itself, and for almost every rental accepted U.S. dollars, euros and other payment methods, dooming HelbizCoin.

U.S. District Judge Louis Stanton in Manhattan dismissed the lawsuit in January, citing a 2010 Supreme Court precedent that limited the extraterritorial reach of federal securities laws.

But the Manhattan-based appeals court said Stanton should have used a more "tailored" approach, and consider the investors' claims under New York state law and that state's rules for applying its laws extraterritorially.

It also said investors could amend their complaint to show that one plaintiff was a Texas citizen who bought HelbizCoin domestically, supporting their federal securities law claims.

Robert Heim, a lawyer for Helbiz, said the company believes the lawsuit "is without any merit whatsoever, and we look forward to a speedy resolution."

Michael Kanovitz, a lawyer for the investors, said his clients plan also to show that title to their coins were transferred in the United States.

"The fraud is there to be proved," he said. "We think we're very well situated to win the case."

The case is Barron et al v Helbiz Inc et al, 2nd U.S. Circuit Court of Appeals, No. 21-278.

Reporting by Jonathan Stempel in New YorkEditing by Marguerita Choy

Link:
HelbizCoin cryptocurrency lawsuit is revived - Reuters

Read More..

All You Needed to Know About Cryptocurrency in Greece – Greek Reporter

Cryptocurrencies are on the rise in Greece. Credit: Public Domain

In the past couple of years, cryptocurrency has invaded Greeces society, mostly because of high taxation and the pandemic. While the average Greek might not know what bitcoin means, interest in its mining has risen significantly.

In Greece, an estimated double-digit percentage of the population are into cryptocurrency trading in various platforms. Mining, on the other hand, is a much more expensive and energy-consuming business for Greek individuals.

The cost of cryptocurrency mining equipment and the rising costs of electricity in Greece make crypto mining a prohibitive task for Greek citizens, says civil engineer and entrepreneur Georgios Nolis. Big business, on the other hand, could attempt it with much greater ease.

Cryptocurrency is a form of digital money, completely decentralized and out of the reach of banks and national governments. It is recorded in a sort of digital catalog, and its maintenance demands huge amounts of electricity.

Mining is a process through which computers are being asked to solve extremely difficult mathematical riddles. These riddles demand top-notch computer equipment, thus even higher than usual amounts of electricity.

As an example, in order to maintain bitcoins cryptocurrency mining system, it would need the yearly electricity consumption of the nation of Finland. As a result, cryptocurrency mining is unreachable for even an upper-middle-class EU citizen and this is even more true in Greece.

There is no methodology to measure the number of people or companies mining cryptocurrency in Greece, says Nolis, the CEO of Lancom Ltd, a data collection and cloud service provider based in Thessaloniki.

Cryptocurrency mining is as anonymous as the currencies themselves, he says. I am personally aware of a handful of miners in Greece who are amateurs. They are investing in between 1 and 10 mining rigs, the equipment needed for mining, he adds.

There are even fewer Greeks who own so-called cryptocurrency mining farms and all of them are outside the country, mostly due to electricity costs. Professional miners usually employ a group of people to maintain and increase their investment. They utilize huge computers on a 24/7 basis.

And yet, last May, Bitcoin.com reported that the interest in cryptocurrency from women in Greece had grown 163.67%. This was the highest percentage in Europe, according to this particular study. The number of Bitcoin ATMs in Greece also increased to at least five around the country in 2020.

Cryptocurrency mining is very expensive. An Ethereum cryptocurrency mining rig would require computer equipment costing close to 20,000. It consumes 4,800 watts, which means it would cost around 1,000 worth of electricity per month in Greece.

Ethereums average cost at 2,000 means that a miner can mine 65% of one cryptocurrency coin in 30 days. That is worth 1,600, which allows for a net monthly profit of 600 after electricity expenses in Greece.

Miners are usually paid by a so-called Proof of Work, verified by a transactions verification from a blockchain cryptocurrency network, like Ethereum. In other words, they are being compensated for their computer power and being paid in cryptocurrency.

Their fee goes into a digital wallet, where each miner can grow his share of cryptocurrency in Greece. If they want to collect real money, they have to sign up to a digital exchange office and change them into dollars, euros, or any other conventional currency.

Crypto gains can only be taxed if they get into the banking system. Once they are turned into Euros, and enter an account, the Greek state taxes them at the usual 22%.

For companies who own cryptocurrency accounts, the only way to avoid taxation is to exchange them with products that accept crypto payments. If cryptocurrency mining and use rises the way it has in the past two years, a source of unregulated, non-taxed transactions might become part of the financial norm.

Originally posted here:
All You Needed to Know About Cryptocurrency in Greece - Greek Reporter

Read More..

Former Senate candidate accused of threatening man with gun over cryptocurrency – The Boston Globe

A former U.S. Senate candidate pointed a gun at a former campaign staffer in a dispute over a cryptocurrency investment, according to court documents.

The allegations are included in a protection order brought against businessman Max Linn by a former assistant, Matt McDonald, the Bangor Daily News reported. A temporary protection order was granted Wednesday.

Linn became known for his debate antics during the 2020 Senate campaign in which he finished last behind Republican Sen. Collins, who won reelection, and Democrat Sara Gideon and independent Lisa Savage.

McDonald alleged in court documents that Linn gave him money to invest in cryptocurrency earlier this year but that Linn reversed course upon return from an overseas trip and sought to buy drugs falsely touted as COVID-19 cures. Linn pointed a gun in McDonald's direction when the two met to try to resolve the dispute, McDonald said in the court filing.

I went to court because I believe my family could be in danger, McDonald told the Bangor Daily News.

Linns attorney, Steve Juskewitch, confirmed that Linn gave McDonald $225,000 to invest in cryptocurrency but denied that Linn threatened McDonald with a gun or sought to buy medicine or drugs.

Juskewitch called McDonalds allegations against Linn a pure fabrication to divert attention from the cryptocurrency dispute.

Linn garnered attention in the Senate debates in 2020, telling a moderator request denied! when asked to stay on subject.

He made news several years earlier over fraudulent signatures used in a previous attempt to get on the ballot. Before that, he lived in Florida, where he ran for several offices.

Read the original:
Former Senate candidate accused of threatening man with gun over cryptocurrency - The Boston Globe

Read More..

Coldest Temperature Ever Recorded | What Is Absolute Zero? – Popular Mechanics

Erik Von WeberGetty Images

Researchers from four universities in Germany have created the coldest temperature ever recorded in a lab38 trillionths of a degree warmer than absolute zero to be exact, according to their new work, recently published in the journal Physical Review Letters.

The bone-chilling temperature only persisted for a few seconds at the University of Bremen's Center for Applied Space Technology and Microgravity, but the breakthrough could have longstanding ramifications for our understanding of quantum mechanics.

That's because the closer we get to absolute zerothe lowest possible temperature that we could ever theoretically reach, as outlined by the laws of thermodynamicsthe more peculiarly particles, and therefore substances, act. Liquid helium, for instance, becomes a "superfluid" at significantly low temperatures, meaning that it flows without any resistance from friction. Nitrogen freezes at -210 degrees Celsius. At cool enough temperatures, some particles even take on wave-like characteristics.

Absolute zero is equal to 273.15 degrees Celsius, or -459.67 degrees Fahrenheit, but most commonly, it's measured as 0 Kelvins. This is the point at which "the fundamental particles of nature have minimal vibrational motion," according to ScienceDaily. However, it's impossible for scientists to create absolute zero conditions in the lab.

In this case, the researchers were studying wave properties of atoms when they came up with a process that could lower a system's temperature by slowing particles to virtually a total standstill. For several seconds, the particles held completely still, and the temperature lowered to an astonishing 38 picokelvins, or 38 trillionths of a degree above absolute zero. This temperature is so low that it's not even detectable with a regular thermometer of any kind. Instead, the temperature is based on the lack of kinetic movement of the particles.

The mechanism at play here is "a time-domain matter-wave lens system," according to the team's research paper. A matter wave is just what it sounds like: matter that is behaving like a wave. This is part of quantum physics, where everything we previously thought we knew gets a little wobbly upon close examination. In this case, scientists used an magnetic lens to shape a quantum gas, and used that to make a matter wave focus and behave in a particular way. A regular gas is made of a loose arrangement of discrete particles, but a quantum gas is no such predictable material. In this case, the quantum gas is a perplexing state of matter called a Bose-Einstein condensate.

The lens is "tuned" using careful excitation. Think of the lenses on a pair of glasses, where the bend is designed to focus closer or further away depending on the patient's eyes. For this experiment, the scientists tuned the focus to literally infinity. Within the subset of quantum physics known as optics, this means the quantum gas confines the passing particles until they pass one at a time and at an astonishingly slow speed.

"By combining an excitation of a Bose-Einstein condensate (BEC) with a magnetic lens, we form a time-domain matter-wave lens system," the researchers write. "The focus is tuned by the strength of the lensing potential. By placing the focus at infinity, we lower the total internal kinetic energy of a BEC to 38pK."

The researchers, from the University of Bremen, Leibniz University Hannover, the Humboldt University of Berlin, and the Johannes Gutenberg University Mainz, say they envision future researchers making the particles go even slower, with a top potential "weightlessness" period of up to 17 seconds.

This content is created and maintained by a third party, and imported onto this page to help users provide their email addresses. You may be able to find more information about this and similar content at piano.io

See the article here:

Coldest Temperature Ever Recorded | What Is Absolute Zero? - Popular Mechanics

Read More..

Scientists are using quantum computing to help them discover signs of life on other planets – ZDNet

Scientists will use quantum computing tools to eventually help them detect molecules in outer space that could be precursors to life.

Quantum computers are assisting researchers in scouting the universe in search of life outside of our planet -- and although it's far from certain they'll find actual aliens, the outcomes of the experiment could be almost as exciting.

Zapata Computing, which provides quantum software services, has announced a new partnership with the UK's University of Hull, which will see scientists use quantum computing tools to eventually help them detect molecules in outer space that could be precursors to life.

During the eight-week program, quantum resources will be combined with classical computing tools to resolve complex calculations with better accuracy, with the end goal of finding out whether quantum computing could provide a useful boost to the work of astrophysicists, despite the technology's current limitations.

See also: There are two types of quantum computing. Now one company says it wants to offer both.

Detecting life in space is as tricky a task as it sounds. It all comes down to finding evidence of molecules that have the potential to create and sustain life -- and because scientists don't have the means to go out and observe the molecules for themselves, they have to rely on alternative methods.

Typically, astrophysicists pay attention to light, which can be analyzed through telescopes. This is because light -- for example, infrared radiation generated by nearby stars -- often interacts with molecules in outer space. And when it does, the particles vibrate, rotate, and absorb some of the light, leaving a specific signature on the spectral data that can be picked up by scientists back on Earth.

Therefore, for researchers, all that is left to do is detect those signatures and trace back to which molecules they correspond.

The problem? MIT researchershave previously established that over 14,000 moleculescould indicate signs of life in exoplanets' atmospheres. In other words, there is still a long way to go before astrophysicists have drawn a database of all the different ways that those molecules might interact with light -- of all the signatures that they should be looking for when pointing their telescopes to other planets.

That's the challenge that the University of Hull has set for itself: the institution's Centre for Astrophysics is effectively hoping to generate a database of detectable biological signatures.

For over two decades, explains David Benoit, senior lecturer in molecular physics and astrochemistry at the University of Hull, researchers have been using classical means to try and predict those signatures. Still, the method is rapidly running out of steam.

The calculations carried out by the researchers at the center in Hull involve describing exactly how electrons interact with each other within a molecule of interest -- think hydrogen, oxygen, nitrogen and so on. "On classical computers, we can describe the interactions, but the problem is this is a factorial algorithm, meaning that the more electrons you have, the faster your problem is going to grow," Benoit tells ZDNet.

"We can do it with two hydrogen atoms, for example, but by the time you have something much bigger, like CO2, you're starting to lose your nerve a little bit because you're using a supercomputer, and even they don't have enough memory or computing power to do that exactly."

Simulating these interactions with classical means, therefore, ultimately comes at the cost of accuracy. But as Benoit says, you don't want to be the one claiming to have detected life on an exo-planet when it was actually something else.

Unlike classical computers, however, quantum systems are built on the principles of quantum mechanics -- those that govern the behavior of particles when they are taken at their smallest scale: the same principles as those that underlie the behavior of electrons and atoms in a molecule.

This prompted Benoit to approach Zapata with a "crazy idea": to use quantum computers to solve the quantum problem of life in space.

"The system is quantum, so instead of taking a classical computer that has to simulate all of the quantum things, you can take a quantum thing and measure it instead to try and extract the quantum data we want," explains Benoit.

Quantum computers, by nature, could therefore allow for accurate calculations of the patterns that define the behavior of complex quantum systems like molecules without calling for the huge compute power that a classical simulation would require.

The data that is extracted from the quantum calculation about the behavior of electrons can then be combined with classical methods to simulate the signature of molecules of interest in space when they come into contact with light.

It remains true that the quantum computers that are currently available to carry out this type of calculation are limited: most systems don't break the 100-qubit count, which is not enough to model very complex molecules.

See also: Preparing for the 'golden age' of artificial intelligence and machine learning.

Benoit explains that this has not put off the center's researchers. "We are going to take something small and extrapolate the quantum behavior from that small system to the real one," says Benoit. "We can already use the data we get from a few qubits, because we know the data is exact. Then, we can extrapolate."

That is not to say that the time has come to get rid of the center's supercomputers, continues Benoit. The program is only starting, and over the course of the next eight weeks, the researchers will be finding out whether it is possible at all to extract those exact physics on a small scale, thanks to a quantum computer, in order to assist large-scale calculations.

"It's trying to see how far we can push quantum computing," says Benoit, "and see if it really works, if it's really as good as we think it is."

If the project succeeds, it could constitute an early use case for quantum computers -- one that could demonstrate the usefulness of the technology despite its current technical limitations. That in itself is a pretty good achievement; the next milestone could be the discovery of our exo-planet neighbors.

View post:

Scientists are using quantum computing to help them discover signs of life on other planets - ZDNet

Read More..

Quantum computing will break today’s encryption standards – here’s what to do about it – Verizon Communications

When you come to the fork in the road, take it. Yogi Berra

For cryptologists, Yogi Berras words have perhaps never rang more true. As a future with quantum computing approaches, our internet and stored secrets are at risk. The tried-and-true encryption mechanisms that we use every day, like Transport Layer Security (TLS) and Virtual Private Networks (VPN), could be cracked and exposed by a hacker equipped with a large enough quantum computer using Shors algorithm, a powerful algorithm with exponential speed over classical algorithms. The result?The security algorithms we use today that would take roughly 10 billion years to decrypt could take as little as 10 seconds. To prevent this, its imperative that we augment our security protocols, and we have two options to choose from: one using physics as its foundation, or one using math our figurative fork in the road.

To understand how to solve the impending security threats in a quantum era, we need to first understand the fundamentals of our current encryption mechanism. The most commonly used in nearly all internet activities TLS is implemented anytime someone performs an online activity involving sensitive information, like logging into a banking app, completing a sale on an online retailer website, or simply checking email. It works by combining the data with a 32-byte key of random 1s and 0s in a complicated and specific way so that the data is completely unrecognizable to anyone except for the two end-to-end parties sending and receiving the data. This process is called public key encryption, and currently it leverages a few popular algorithms for key exchange, e.g., Elliptic curve Diffie-Hellman (ECDH) or RSA (each named after cryptologists,) each of which are vulnerable to quantum computers. The data exchange has two steps: the key exchange and the encryption itself. The encryption of the data with a secure key will still be safe, but the delivery of the key to unlock that information (key distribution) will not be secure in the future quantum era.

To be ready for quantum computers, we need to devise a new method of key distribution, a way to safely deliver the key from one end of the connection to the other.

Imagine a scenario wherein you and a childhood friend want to share secrets, but can only do so once you each have the same secret passcode in front of you (and there are no phones.) One friend has to come up with a unique passcode, write it down on a piece of paper (while maintaining a copy for themselves,) and then walk it down the block so the other has the same passcode. Once you and your friend have the shared key, you can exchange secrets (encrypted data) that even a quantum computer cannot read.

While walking down the block though, your friend could be vulnerable to the school bully accosting him or her and stealing the passcode, and we cant let this happen. What if your friend lives across town, and not just down the block? Or even more difficult in a different country? (And where is that secret decoder ring we got from a box of sugar-coated-sugar cereal we ate as kids?)

In a world where global information transactions are happening nonstop, we need a safe way of delivering keys no matter the distance. Quantum physics can provide a way to securely deliver shared keys quicker and in larger volume, and, most importantly, immune to being intercepted. Using fiber optic cables (like the ones used by telecommunications companies,) special Quantum Key Distribution (QKD) equipment can send tiny particles (or light waves) called photons to each party in the exchange of data. The sequence of the photons encapsulates the identity of the key, a random sequence of 1s and 0s that only the intended recipients can receive to construct the key.

Quantum Key Distribution also has a sort of built-in anti-hacker bonus. Because of the no-cloning theorem (which essentially states that by their very nature, photons cannot be cloned,) QKD also renders the identity of the key untouchable by any hacker. If an attacker tried to grab the photons and alter them, it would automatically be detected, and the affected key material would be discarded.

The other way we could choose to solve the security threats posed by quantum computers is to harness the power of algorithms. Although its true the RSA and ECDH algorithms are vulnerable to Shors algorithm on a suitable quantum computer, the National Institute of Standards and Technology (NIST) is working to develop replacement algorithms that will be safe from quantum computers as part of its post-quantum cryptography (PQC) efforts. Some are already in the process of being vetted, like ones called McEliece, Saber, Crystals-Kyber, and NTRU.

Each of these algorithms has its own strong and weak points that the NIST is working through. For instance, McEliece is one of the most trusted by virtue of its longstanding resistance to attack, but it is also handicapped by its excessively long public keys that may make it impractical for small devices or web browsing. The other algorithms, especially Saber, run very well on practically any device, but, because they are relatively new, the confidence level in them from cryptographers is still relatively low.

With such a dynamic landscape of ongoing efforts, there is promise that a viable solution will emerge in time to keep our data safe.

The jury is still out. We at Verizon and most of the world rely heavily on e-commerce to sell our products and encryption to communicate via email, messaging, and cellular voice calls.All of these need secure encryption technologies in the coming quantum era. But whether we choose pre-shared keys (implemented by the awesome photon) or algorithms, further leveraging mathematics, our communications software will need updating. And while the post quantum cryptography effort is relatively new, it is not clear which algorithms will withstand scrutiny from the cryptographic community. In the meantime, we continue to peer down each fork in the road to seek the best option to take.

Read more from the original source:

Quantum computing will break today's encryption standards - here's what to do about it - Verizon Communications

Read More..

A novel way to heat and cool things – The Economist

Oct 7th 2021

REFRIGERATORS AND air-conditioners are old and clunky technology, and represent a field ripe for disruption. They consume a lot of electricity. And they generally rely on chemicals called hydrofluorocarbons which, if they leak into the atmosphere, have a potent greenhouse-warming effect. Buildings central-heating systems, meanwhile, are often powered by methane in the form of natural gas, which releases carbon dioxide, another greenhouse gas, when it is burned, and also has a tendency to leak from the pipes that deliver itwhich is unfortunate, because methane, too, is a greenhouse gas, and one much more potent than CO2.

Your browser does not support the

Enjoy more audio and podcasts on iOS or Android.

One potential way of getting around all this might be to exploit what is known as the thermoelectric effect, a means of carrying heat from place to place as an electric current. Thermoelectric circuits can be used either to cool things down, or to heat them up. And a firm called Phononic, based in Durham, North Carolina, has developed a chip which does just that.

The thermoelectric effect was discovered in 1834 by Jean Charles Peltier, a French physicist. It happens in an electrical circuit that includes two materials of different conductivity. A flow of electrons from the more conductive to the less conductive causes cooling. A flow in the other direction causes heating.

The reason for this is that electrons are able to vibrate more freely when pushed into a conductive material. They thereby transfer energy to their surroundings, warming them. When shunted into a less conductive one, electrons vibrations are constrained, and they absorb energy from their surroundings, cooling those surroundings down. An array of thermoelectric circuits built with all the high-conductivity materials facing in one direction and all the low conductivity ones in the other can thus move heat in either direction, by switching the polarity of the current. For reasons buried in the mathematics of quantum physics, the heat thus flowing does so in discrete packages, called phonons. Hence the name of the firm.

The thermoelectric effect works best when the conductors involved are actually semiconductors, with bismuth and tin being common choices. Fancy cameras contain simple cooling chips which use these, as do some scientific instruments. But Phononics boss, Tony Atti, thinks that is small beer. Using the good offices of Fabrinet, a chipmaker in Thailand, he has started making more sophisticated versions at high volume, using the set of tools and techniques normally employed to etch information-processing circuits onto wafers made of silicon. In this case, though, the wafers are made of bismuth.

The results are, admittedly, still a long way from something that could heat or cool a building. But they are already finding lucrative employment in applications where space is at a premium. At the moment, the fastest-growing market is cooling the infrared lasers used to fire information-encoding photons through fibre-optic cables, for the long-distance transmission of data. They are also being used, though, in the 5G mobile-phone base stations now starting to blanket street corners, to keep the batteries of electric vehicles at optimal operating temperatures, and as components of the optical-frequency radar-like systems known as LIDAR, that help guide autonomous vehicles.

The crucial question from Mr Attis point of view is whether semiconductor-based thermoelectronics can break out of these niches and become more mainstream, in the way that semiconductor-based electronics and lighting have done. In particular, he would like to incorporate heat-pumping chips into buildings, to provide them with integral thermoregulation.

In their current form, thermoelectric chips are unlikely to replace conventional air conditioning and central heating because they cannot move heat over the distances required to pump it in and out of a building in bulk. But they could nonetheless be used as regulators. Instead of turning a big air-conditioning system on or off, to lower or raise the temperature by the small amounts required to maintain comfort, with all the cost that entails, thermoelectric chips might tweak matters by moving heat around locally.

Phononic has already run trials of such local-temperature-tweaking chips in Singapore, in partnership with Temasek, that countrys state-run investment fund. In 2019 SP Group, Singapores utility company, installed eight of the firms heat pumps, which comprise an array of chips pointed down at people, pumping heat out of the air above them, on the boardwalk on Clarke Quay in the city. Phononic claims the devices lowered the temperature in their vicinity by up to 10C and, as a bonus, consequently reduced humidity by 15%. If that can be scaled up, it would certainly be a cool result.

This article appeared in the Science & technology section of the print edition under the headline "Cool thinking"

View original post here:

A novel way to heat and cool things - The Economist

Read More..

New Fundamental Limit of Trapping and Exploiting Light at the Nanoscale – SciTechDaily

Metasurface of split-ring resonators, partially overlaid with 3D colourmaps showing the simulated electric-field distribution. High-momentum magnetoplasmons lead to the break-down of polaritons (blue spheres with photon energies in red). Credit: Urban Senica, ETH Zurich

Physicists from the University of Southampton and ETH Zrich have reached a new threshold of light-matter coupling at the nanoscale.

The international research, published recently in Nature Photonics, combined theoretical and experimental findings to establish a fundamental limitation of our ability to confine and exploit light.

The collaboration focused on photonic nano-antennas fabricated in ever reducing sizes on the top of a two-dimensional electron gas. The setup is commonly used in laboratories all over the world to explore the effect of intense electromagnetic coupling, taking advantage of the antennas ability to trap and focus light close to electrons.

Professor Simone De Liberato, Director of the Quantum Theory and Technology group at the University of Southampton, says: The fabrication of photonic resonators able to focus light in extremely small volumes is proving a key technology which is presently enabling advances in fields as different as material science, optoelectronics, chemistry, quantum technologies, and many others.

In particular, the focussed light can be made to interact extremely strongly with matter, making electromagnetism non-perturbative. Light can then be used to modify the properties of the materials it interacts with, thus becoming a powerful tool for material science. Light can be effectively woven into novel materials.

Scientists discovered that light could no longer be confined in the system below a critical dimension, of the order of 250nm in the sample under study, when the experiment started exciting propagating plasmons. This caused waves of electrons to move away from the resonator and spill the energy of the photon.

Experiments performed in the group of Professors Jrme Faist and Giacomo Scalari at ETH Zrich had obtained results that could not be interpreted with state-of-the-art understanding of light-matter coupling. The physicists approached Southamptons School of Physics and Astronomy, where researchers led theoretical analysis and built a novel theory able to quantitatively reproduce the results.

Professor De Liberato believes the newfound limits could yet be exceeded by future experiments, unlocking dramatic technological advances that hinge on ultra-confined electromagnetic fields.

Read Exploring the Quantitative Limits of LightMatter Coupling at the Nanoscale for more on this research.

Reference: Polaritonic nonlocality in lightmatter interaction by Shima Rajabali, Erika Cortese, Mattias Beck, Simone De Liberato, Jrme Faist and Giacomo Scalari, 9 August 2021, Nature Photonics.DOI: 10.1038/s41566-021-00854-3

The rest is here:

New Fundamental Limit of Trapping and Exploiting Light at the Nanoscale - SciTechDaily

Read More..