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Home»ETHEREUM NEWS»AI tokens rose 10% after Vitalik Buterin explained how AI can improve the security and efficiency of Ethereum.
ETHEREUM NEWS

AI tokens rose 10% after Vitalik Buterin explained how AI can improve the security and efficiency of Ethereum.

By Crypto FlexsFebruary 19, 20242 Mins Read
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AI tokens rose 10% after Vitalik Buterin explained how AI can improve the security and efficiency of Ethereum.
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Digital assets in the artificial intelligence sector continued their rapid growth, recently increasing by 10%. Ethereum co-founder Vitalik Buterin said the technology could help blockchain networks mitigate their “biggest technological risks.”

CryptoSlate’s According to the data, several tokens in the sector, including SingularityNET’s AGIX, 0x0.ai, Ocean Protocol’s OCEAN, The Graph’s GRT, Fetch.AI’s FET, etc., have each risen more than 10% over the past day, strengthening the sector’s market. showed. Capital is $18.06 billion and trading volume is approximately $2.5 billion.

How AI Helps Ethereum

According to Buterin, AI technology can help blockchain network developers identify bugs and assist with code verification.

“The biggest technical risk to Ethereum right now is probably bugs in the code, and anything that could significantly change the game along those lines would be amazing.” Added.

His comments follow recent exploration of the synergies between AI and cryptocurrencies, detailed in a January 30 blog post. Buterin outlined various potential applications of AI within the cryptocurrency space.

He pointed out that incorporating AI could revolutionize cryptographic systems, enabling more efficient operations at a micro-scale, especially in scenarios where individual participants are replaced by AI entities.

While Buterin recognized the functional and safety gains of AI integration, he urged caution, especially in high-value and high-risk environments.

In addition to Ethereum, other protocols and exchanges such as Solana, Polkadot, Binance, and Stakelink are also exploring AI-based solutions.

However, despite the enthusiasm for AI, concerns remain about the effectiveness of bug detection. cURL’s Daniel “Haxx” Stenberg highlighted potential problems, including the risk of AI-generated false positives that complicate bug identification efforts.

“(AI-generated) security reports can hinder developers from fixing really annoying bugs. Because security issues are always more important than other bugs. “If the report turns out to be false, we haven’t improved our security and we’ve missed time to fix bugs or develop new features,” Stenberg claimed.

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