Investing in Crypto: The Bottom and the Looming Bull Run
Cryptocurrency has never been a space for the faint of heart, with its extreme volatility and the associated risks and rewards. But, it's essential...
1 min read
Juliette Twain : Apr 28, 2023 9:29:11 AM
As the landscape of technology continues to evolve, the integration of artificial intelligence (AI) and cryptocurrency has become a topic of significant interest. The advent of ChatGPT, an AI language model developed by OpenAI, has not only unlocked a wave of venture capital funding but has also inspired numerous Silicon Valley startups to explore the possibilities of combining AI and blockchain technology.
Applications of AI in the crypto industry are diverse, ranging from the development of chatbots to simplify industry jargon for newcomers, to replacing human coders for more efficient Web3 startups. However, there are concerns over the potential risks associated with outsourcing critical tasks such as smart contract auditing to AI systems, which may be susceptible to errors or "hallucinations."
Despite these concerns, leading minds in the crypto industry, such as Gauntlet founder Tarun Chitra, believe that blockchains can be beneficial for AI. As more data is generated by machines, verifying the origin and authenticity of this information becomes increasingly important. Zero-knowledge proofs (ZK proofs), a concept in cryptography that gained traction with the rise of cryptocurrencies, allow users to verify the truth of another's statement without revealing all underlying information.
In the context of AI, ZK proofs can be used to confirm whether specific data was produced by a human, a machine, or a machine with access to a certain dataset (e.g., an AI trained on proprietary data from Q&A site Quora). This capability is crucial as data outputs will increasingly become the intellectual property of the future.
While ZK-based systems can function without cryptocurrency, blockchains can enhance the process by providing immutable records of data provenance. In an age where trust is scarce, the ability to verify information is a powerful tool.
Cryptocurrency has never been a space for the faint of heart, with its extreme volatility and the associated risks and rewards. But, it's essential...
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