Fantom developer calls blockchain and AI incompatible technologies
According to Andre Cronje, there is nothing behind blockchain projects that take a sharp turn toward AI
09.02.2023 - 09:15
459
2 min
0
What’s new? The developer of the Fantom blockchain Andre Cronje has said that blockchain and artificial intelligence technologies are incompatible. This is how he answered a question from a subscriber about what place the Fantom project could take in the AI industry while asking not to ask such questions in the future. According to Cronje, “That’s like asking “What role do you see for Coca Cola in the construction industry?”
Please stop asking Fantom about AI.AI and Blockchains don't mix.👇 pic.twitter.com/qcw7UJLNmC — Andre Cronje (@AndreCronjeTech) February 8, 2023
Why are technologies incompatible? Cronje highlighted the qualities of blockchain, such as transparency and security at a slow speed. AI, on the other hand, has high throughput but is not as transparent as blockchain.
According to the developer, if blockchain projects take a sharp turn toward AI, it means they are not valuable and are doing so to create hype. “Blockchains don’t improve Al, and Al doesn’t improve blockchain,” Cronje added.
Last week, the tokens of several AI projects posted impressive gains amid increased investor interest in the industry. Thus, the rate of AGIX increased by 175% in 7 days, and AIRI added 900% in 30 days.
In January, ARK Invest Chief Futurist Brett Winton said that the rates of digital assets will see positive dynamics as the development of AI technologies accelerates.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$88 974
BTC
-2.19%
-
Ethereum
$3 056.17
ETH
-3.08%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.05
XRP
-7.64%
-
Dogecoin
$0.355334
DOGE
-3.6%
-
Cardano
$0.702513
ADA
-6.51%
-
Bitcoin Cash
$427.13
BCH
-9.36%
-
Polkadot
$5.33
DOT
-7.55%
-
Litecoin
$85.45
LTC
-11.57%
-
Stellar XLM
$0.194324
XLM
-14.3%