Vitalik Buterin, the mind behind Ethereum, recently shared four groundbreaking ideas to bridge artificial intelligence (AI) and cryptocurrency, hinting at a future where both technologies merge.
Buterin’s insights point to a transformative synergy, promising to redefine their interaction.
How AI and Blockchain Technology Can Compliment Each Other
According to Buterin, one key idea is using AI as a participant in blockchain systems. This concept envisions AI in prediction markets. Here, AI uses its vast knowledge for analysis, enhancing blockchain applications. This approach aims to tap into AI’s efficiency, broadening the scope of what blockchain can do.
“AIs are willing to work for less than $1 per hour, and have the knowledge of an encyclopedia – and if that’s not enough, they can even be integrated with real-time web search capability.
If you make a market, and put up a liquidity subsidy of $50, humans will not care enough to bid, but thousands of AIs will easily swarm all over the question and make the best guess they can. The incentive to do a good job on any one question may be tiny, but the incentive to make an AI that makes good predictions in general may be in the millions,” explained Vitalik Buterin.
Read more: How Will Artificial Intelligence (AI) Transform Crypto?
Buterin also suggests AI as an interface that can do tasks such as warning users before signing transactions. This role for AI could simplify the complex world of crypto for users. It could offer guidance, explain smart contracts, and prevent scams. However,
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Author: Harsh Notariya
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