​Binance evaluates the advantages of ChatGPT for the adoption of cryptocurrencies and blockchain

What’s new? Experts at the Binance crypto exchange said that ChatGPT, an artificial intelligence chatbot, offers great promise in terms of information and education when it comes to the adoption of cryptocurrencies. It can introduce users to the concept of blockchain and cryptocurrencies, making these technologies more accessible to a wider audience.

Article on the Binance blog

What else is known? According to Binance, the main advantage of ChatGPT is its ease of use and ability to provide informed answers to questions on a wide range of topics. In the case of cryptocurrencies, the biggest advantage of a chatbot is the ability to get real cases on how to use the technology behind it.

Newcomers to the field are often confused by complex concepts related to proof-of-work, mining, or hashing. ChatGPT is able to explain these topics interactively and conversationally. Users can also continue to ask clarifying questions until they fully understand the topic in question, Binance writes.

What is ChatGPT? It is a chatbot with artificial intelligence that generates text content in response to user queries. It is known for its ability to solve a wide range of tasks with high accuracy. In particular, the tool can be used in trading, suggesting possible price movements for various market assets. The platform was developed by the OpenAI research laboratory, supported by Microsoft, and founded by Elon Musk, Sam Altman, and other entrepreneurs.

The first public prototype of the platform was unveiled on November 30, 2022. In January 2023, the number of active users of the service, according to The Guardian, passed the 100 million mark in just two months, making it the fastest-growing in history by that measure.

Earlier, Finbold journalists asked ChatGPT to form a prediction about the possible price of bitcoin in 2030, taking into account technical analysis, traditional price movements, and other indicators. In response, the AI admitted the possibility of an increase in the value of the asset, as well as cited a number of factors that could lead to its rise.

In January, during a “chat” with ChatGPT, a bitcoin supporter under the pseudonym Parman was able to convince the AI that BTC would end central banks and fiat.