CandleFocus

AI’s Influence on Crypto to Outweigh the Reverse, Says Expert

The crypto industry is expected to benefit more from the use of artificial intelligence (AI) than any other sector. Using AI in crypto has the potential to unlock more value than using crypto to enhance AI. Open-source AI must utilize proof of work mechanisms to ensure censorship resistance. Governments may impose more restrictions on advanced AI technologies than on crypto assets like Bitcoin. There is an opportunity to use AI to address challenges within the crypto sector, suggesting that AI can provide equal or greater value than blockchain. Vitalik Buterin highlights the potential of AI in market-making bots in decentralized exchanges and predicts further developments in prediction markets and decentralized autonomous organizations (DAOs). AI has vast potential in prediction markets, including verifying social media content, assessing stock prices, and evaluating online interactions. AI's ability to participate in decentralized mechanisms presents a new approach to governance.

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