Recent experimental data demonstrate emerging magnetic order in platinum
atomically thin nanowires. Furthermore, an unusual form of magnetic anisotropy
-- colossal magnetic anisotropy (CMA) -- was earlier predicted to exist in
atomically thin platinum nanowires. Using spin dynamics simulations based on
first-principles calculations, we here explore the spin dynamics of atomically
thin platinum wires to reveal the spin relaxation signature of colossal
magnetic anisotropy, comparing it with other types of anisotropy such as
uniaxial magnetic anisotropy (UMA). We find that the CMA alters the spin
relaxation process distinctly and, most importantly, causes a large speed-up of
the magnetic relaxation compared to uniaxial magnetic anisotropy. The magnetic
behavior of the nanowire exhibiting CMA should be possible to identify
experimentally at the nanosecond time scale for temperatures below 5 K. This
time-scale is accessible in e.g., soft x-ray free electron laser experiments.Comment: 9 pages, 3 figure