Vitalik Buterin, who helped start Ethereum, chatted with Sebastian Couture and Brian Fabian Crane. He talked about how Ethereum can become even better and how AI (which is like a super-smart computer brain) can change the way digital money works.
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- Vitalik Buterin, who helped start Ethereum, talks about ways to make it better and increase its price.
- Buterin discusses how AI, a super-smart computer brain, could make Ethereum work better and be more appealing to people who create apps and businesses.
- Starting July 23rd, people can buy and sell Ethereum-like stocks through new investment funds.
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Ethereum’s Growth Powered by AI, Co-Founder Says
Buterin talked about a problem Ethereum has – it’s too centralised. This means it’s controlled by only a few people or groups. He suggested two ways to fix this. One way is to have more people involved in running the network. This makes the network safer and more trustworthy, which can attract more people to use Ethereum and increase its value.
Another option is using pre-confirmation mechanisms which are quite entertaining ways of ensuring users that their transactions will be confirmed promptly enough. Consequently, Ethereum becomes more appealing for everyday transactions and decentralized applications (Dapps) thus leading to an increase in number of people who choose this platform
Layer 2 solutions along with shared sequencers can also improve network performance says Buterin. This could lead more developers and end-users into this kind of work. Artificial Intelligence (AI) could be a significant implication for Ethereum since it allows for smarter and more efficient decentralized applications (dApps) as well as intelligent contracts. This may lead to an increase in demand for Ethereum, thus making it more attractive to app developers as well as enterprises.
There is a vision for Ethereum’s future where these centralization issues have been resolved, and transaction processing has been vastly open up to AI integration advances as well. These alterations have the potential to empower Ethereum among others, making its usage easier and even smarter. They would thus cause an increase in people’s engagement with Ethereum, its demand and perhaps even its price.
In discussing the AI as a super brain he mentioned its impact which is so massive. He underscored the importance of humans collaborating with AIs and interacting with them regularly. For instance, prediction markets and decision-making within the context of digital currency could all be transformed by AI but there are also some risks involved.
New funds that track the price of Ethereum, a popular digital money, will start being traded on July 23rd. These funds will let people buy and sell Ethereum like they would with stocks.
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