The great debate of “crypto vs artificial intelligence” is heating up in 2023, but I don’t think it deserves to be scrutinized in a negative manner. Debates like these come naturally with all emerging technology. Remember the famous headline about the internet? “Internet ‘may be just a passing fad as millions give up on it,'” reads Daily Mail in December 2000.
Blockchain is a decentralized, immutable ledger that facilitates a secure and transparent exchange of encrypted data shared across a network where information is available to all participants simultaneously. It is capable of tracking various types of information such as orders, payments, accounts, production and more. Permissioned members share a single view of the truth via this fully digital log. Each transaction is encrypted with a distinct unalterable hash and stored in a block, along with other transaction records.
In contrast, artificial intelligence (AI) is the ability of computers, data and machines to deploy programs that address issues such as problem-solving and decision-making, efficiently at scale. AI also includes the sub-fields of machine learning and deep learning, which use algorithms trained on data to make predictions or classifications. AI offers various advantages, such as streamlining repetitive tasks and enhancing decision-making processes through trained data sets.
AI fundamentally differs from crypto in the sense that it effectively requires centralized data caches for training, opposing the premise of crypto’s decentralized nature. This current state doesn’t alienate the potential for technology to work together and evolve, both are just at the early stages of development. With the disruption of the current “how” comes the inescapable
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