The first concept and realization of memory resistor device was proposed by Widrow in 1960 [1]. It was named memistor and had three terminals. The resistance of this memistor was variable and could be controlled and sensed using the control (DC current) and sensing (AC current) terminals. The significant difference between the transistor and the memistor is that the memistor resistance is controlled by the instantaneous time integral of the control current, which is the accumulated charge passing through the memistor. However, the memistor was not linked to the fundamentals of circuit theory because it is an "ill-posed" element, a 3-terminal device is said to be well posed if it has sufficient information to predict the current and voltage associated with all the three terminals when the device is connected to an arbitrary external circuit [2]. Moreover, in 1968, through the Electromagnetic theory, Fano et al. listed that there are four fundamental circuit elements: resistor, capacitor, inductor, and an unknown element [3].However, the first practical mathematical concept and realization was introduced by the father of nonlinear circuits, Prof. Leon Chua, in 1971 in his seminal paper