What application is there to a magnetic monopole?

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ovoleg
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My book makes many statements about how magnetic monopoles do not exist and how scientist and researchers are trying to accomplish this. They also state that this would have wide applications.

What they don't say is what and why? I see that if a magnetic monopole were to exist it's electric field would like that of a charge partice(+/-) but where could you use this?

Also, is there anyone who is close to creating the magnetic monopole?

Thanks guys
 
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