A method and
system for providing a magnetic
substructure usable in a magnetic device, as well as a magnetic element and memory using the
substructure are described. The magnetic
substructure includes a plurality of ferromagnetic
layers and a plurality of nonmagnetic
layers. The plurality of ferromagnetic
layers are interleaved with the plurality of nonmagnetic layers. The plurality of ferromagnetic layers are immiscible with and chemically stable with respect to the plurality of nonmagnetic layers. The plurality of ferromagnetic layers are substantially free of a magnetically
dead layer-producing interaction with the plurality of nonmagnetic layers. Further, the plurality of nonmagnetic layers induce a
perpendicular anisotropy in the plurality of ferromagnetic layers. The magnetic substructure is configured to be switchable between a plurality of stable magnetic states when a
write current is passed through the magnetic substructure.