In three as in two dimensions, PeierlPeierls's argument shows that there is a phase transition. This phase transition is rigorously known to be continuous (in the sense that correlation length diverges and the magnetization goes to zero), and is called the [[Critical point (thermodynamics)|critical point]]. It is believed that the critical point can be described by a renormalization group fixed point of the Wilson-Kadanoff renormalization group transformation. It is also believed that the phase transition can be described by a three-dimensional unitary conformal field theory, as evidenced by [[Metropolis–Hastings algorithm|Monte Carlo]] simulations,<ref>{{Cite journal|last1=Billó|first1=M.|last2=Caselle|first2=M.|last3=Gaiotto|first3=D.|last4=Gliozzi|first4=F.|last5=Meineri|first5=M.|last6=others|date=2013|title=Line defects in the 3d Ising model|journal=JHEP|volume=1307|issue=7|pages=055|arxiv=1304.4110|bibcode=2013JHEP...07..055B|doi=10.1007/JHEP07(2013)055|s2cid=119226610}}</ref><ref>{{Cite journal|last1=Cosme|first1=Catarina|last2=Lopes|first2=J. M. Viana Parente|last3=Penedones|first3=Joao|date=2015|title=Conformal symmetry of the critical 3D Ising model inside a sphere|journal=Journal of High Energy Physics|volume=2015|issue=8|pages=22|arxiv=1503.02011|bibcode=2015JHEP...08..022C|doi=10.1007/JHEP08(2015)022|s2cid=53710971}}</ref> exact diagonalization results in quantum models,<ref>{{Cite journal |last1=Zhu |first1=Wei |last2=Han |first2=Chao |last3=Huffman |first3=Emilie |last4=Hofmann |first4=Johannes S. |last5=He |first5=Yin-Chen |date=2023 |title=Uncovering Conformal Symmetry in the 3D Ising Transition: State-Operator Correspondence from a Quantum Fuzzy Sphere Regularization |journal=Physical Review X |volume=13 |issue=2 |page=021009 |doi=10.1103/PhysRevX.13.021009 |arxiv=2210.13482|s2cid=253107625 }}</ref> and quantum field theoretical arguments.<ref>{{Cite journal|last1=Delamotte|first1=Bertrand|last2=Tissier|first2=Matthieu|last3=Wschebor|first3=Nicolás|year=2016|title=Scale invariance implies conformal invariance for the three-dimensional Ising model|journal=Physical Review E|volume=93|issue=12144|pages=012144|arxiv=1501.01776|bibcode=2016PhRvE..93a2144D|doi=10.1103/PhysRevE.93.012144|pmid=26871060|s2cid=14538564}}</ref> Although it is an open problem to establish rigorously the renormalization group picture or the conformal field theory picture, theoretical physicists have used these two methods to compute the [[critical exponents]] of the phase transition, which agree with the experiments and with the Monte Carlo simulations.
This conformal field theory describing the three-dimensional Ising critical point is under active investigation using the method of the [[conformal bootstrap]].<ref>{{Cite journal|last1=El-Showk|first1=Sheer|last2=Paulos|first2=Miguel F.|last3=Poland|first3=David|last4=Rychkov|first4=Slava|last5=Simmons-Duffin|first5=David|last6=Vichi|first6=Alessandro|date=2012|title=Solving the 3D Ising Model with the Conformal Bootstrap|journal=Phys. Rev.|volume=D86|issue=2|pages=025022|arxiv=1203.6064|bibcode=2012PhRvD..86b5022E|doi=10.1103/PhysRevD.86.025022|s2cid=39692193}}</ref><ref name="cmin">{{Cite journal|last1=El-Showk|first1=Sheer|last2=Paulos|first2=Miguel F.|last3=Poland|first3=David|last4=Rychkov|first4=Slava|last5=Simmons-Duffin|first5=David|last6=Vichi|first6=Alessandro|date=2014|title=Solving the 3d Ising Model with the Conformal Bootstrap II. c-Minimization and Precise Critical Exponents|journal=Journal of Statistical Physics|volume=157|issue=4–5|pages=869–914|arxiv=1403.4545|bibcode=2014JSP...157..869E|doi=10.1007/s10955-014-1042-7|s2cid=119627708}}</ref><ref name="SDPB">{{Cite journal|last=Simmons-Duffin|first=David|date=2015|title=A semidefinite program solver for the conformal bootstrap|journal=Journal of High Energy Physics|volume=2015|issue=6|pages=174|arxiv=1502.02033|bibcode=2015JHEP...06..174S|doi=10.1007/JHEP06(2015)174|issn=1029-8479|s2cid=35625559}}</ref><ref name="Kadanoff">{{cite journal |last=Kadanoff|first=Leo P.|date=April 30, 2014|title=Deep Understanding Achieved on the 3d Ising Model|url=http://www.condmatjournalclub.org/?p=2384|url-status=dead|archive-url=https://web.archive.org/web/20150722062827/http://www.condmatjournalclub.org/?p=2384|archive-date=July 22, 2015|access-date=July 19, 2015|journal=Journal Club for Condensed Matter Physics}}</ref> This method currently yields the most precise information about the structure of the critical theory (see [[Ising critical exponents]]).
