🚨#Blockchain , the #tech behind bitcoin, may have found its 'killer use case' by keeping #AI in check🚨

🔑KEY POINTS

📍Blockchain could be used to keep a check on the data artificial intelligence models are being trained on to avoid issues like bias, executives told CNBC at the World Economic Forum in Davos.

📍One of the concerns around the AI models — the kind that underpin applications like ChatGPT — is that the data they are trained on could contain biases or misinformation.

📍AI training data can be put on the blockchain. That will allow the developers of the AI system to keep track of the data that the model has been trained on to mitigate those dangers, the executives added.

DAVOS, Switzerland — Blockchain could be used to prevent bias in the data that artificial intelligence models are being trained on — and that could be a "killer use case" for the technology.

👉One of the concerns about the AI models — the kind that underpin applications like ChatGPT — is that the data they are trained on could contain biases or misinformation. That means the answers an AI system may give would contain those biases and false information.

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DeFi Protocol Yearn Finance Will Let Anyone Create Curve Reward Farms

Yearn was among the first yield aggregators in the now-mature decentralized-finance ecosystem.
#crypto2023 #DeFi #tech

Staked ETH Passes 16M

The $22.38 billion worth of staked ETH will be impossible to withdraw until Ethereum’s next big upgrade.
#crypto2023 #tech #ETH

Polygon’s Blockchain to Undergo Hard Fork

The software upgrade scheduled for Jan. 17 will address gas spikes and chain reorganization.
#crypto2023 #tech

#Ontology has unveiled the 2023 #Roadmap

In the next phase, Ontology commits to continuous #tech optimization for more #adoption of DID and OWN infrastructure.

HKbitEX Collaborates with Shanghai Technology Exchange for Asset Tokenization Solutions #crypto #shanghai #tech #solutions #assets

🤖 Elon Musk Launching Grok-2 AI Assistant for X

Elon Musk’s xAI has rolled out Grok-2, the latest AI model designed to supercharge the X platform with enhanced chat, coding, and reasoning capabilities. This upgrade, available in beta as of August 13, brings new features that are set to rival the top AI assistants in the market.

Grok-2 is a significant leap from its predecessor, Grok-1.5, offering two tiers: the full-featured Grok-2 and the faster, more streamlined Grok-2 mini. The primary model is geared towards tackling complex user prompts with real-time information from X, while Grok-2 mini is optimized for speed, making it perfect for quick interactions.

But there’s a catch—Grok AI is only accessible to X users with Premium or Premium+ memberships, leaving standard members out of the loop.

Musk’s AI project doesn’t just aim to keep pace with the competition; it’s gunning for the top spot. Grok-2 has already made waves on the Chatbot Arena leaderboard, matching OpenAI’s GPT-4o in several categories, including coding and complex problem-solving.

As xAI continues to push the envelope, developers will soon have access to Grok-2 through an enterprise API, broadening the AI’s impact beyond just X users. This follows xAI’s impressive $6 billion Series B funding round, bringing its valuation to a staggering $24 billion in under a year.

With Grok-2, Musk is positioning X as a serious contender in the AI space, challenging giants like ChatGPT and Google’s Gemini. The race to dominate AI-powered interactions is heating up, and Grok-2 is ready to take the lead.

Giving Elon Musk's position on crypto, maybe we will be able to see some leverage of AI in the blockchain industry as well?

Follow @Professor Mende - Bonuz Ecosystem Founder for more!

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🚨 Web3 Adoption’s PROBLEM: Seed Phrases Won't Work for Mainstream Users

The Chain Agnostic Standards Alliance (CASA), recently shared some blunt truths at the Web3 Summit 2024 in Berlin. "Seed phrases are not going to work for the other 95% of the world," they said, underscoring the need for more user-friendly solutions. The current onboarding process, with its technical jargon and irreversible seed phrases, is just too intimidating for the average user.

For Web3 wallets to appeal to a broader audience, the industry must prioritize user-centric features. This means moving away from the complex seed phrases to something more intuitive and familiar, like recoverable passwords or account names. However, achieving this shift requires an unprecedented level of collaboration and standardization among wallet providers and developers.

Other crypto industry leaders are also championing the need to simplify the user experience. Chintan Turakhia, senior director of engineering at Coinbase, highlighted this issue at EthCC. He pointed out that to bring in the first billion users, “we have to take all those friction points out.”
Coinbase is already leading the charge with its new smart wallet, launched in June. This wallet aims to remove the complexities of seed phrases, replacing them with user-friendly account names and passcodes, making it easier for beginners to get started.

Do you think removing seed phrases will accelerate mass adoption or will it just cause more problems due to more vulnerabilities?

👇 Let me know below

- @Professor Mende - Bonuz Ecosystem Founder out! #web3 #blockchain #tech #bitcoin #btc