The founder of DeFi, Andre Cronje, suddenly announced that AI and Blockchain cannot be combined.
In a recent tweet, Cronje said that blockchain and AI are very different from each other, they do not complement each other, the two technologies have very different fundamentals, this is like oil and water.
“Please stop asking me about AI on Fantom, AI and blockchain should not be mixed,” Cronje said.
The “Godfather of DeFi” pointed out the fundamental differences between blockchain and AI:
- Blockchain is known as a technology to securely transmit data based on a complex encryption system, blockchain prioritizes transparency and security. Transactions on the blockchain are recorded and verified in a distributed ledger, so it is resistant to tampering or human manipulation.
- While AI prioritizes speed and processing power, this carries many risks because AI algorithms are often considered black boxes, meaning the decisions they make and the data they take in return are not. must be accurate and transparent at all times.
- In addition, the balance between benefits and ethics in AI is very difficult, which is still a dilemma for artificial intelligence developers.
With these differences, according to Cronje, blockchain and AI cannot coexist in the same system.
“blockchain cannot be combined with AI and vice versa,” claims Cronje.
Be careful when investing in AI trends
Many analysts claim that AI will be the next trend to help the market recover. Many altcoins have recently seen huge gains, such as Artificial Liquid Intelligence (ALI), Fetch.ai (FET) , and Singularity Net (AGIX) all recording impressive gains of over 200%.
Even some AI-related projects launched between 2018 and 2021 such as Measurable Data (MDT) and Measurable Data (MDT) have easily triggered a pump of over 150% in the past weeks.
NEAR also quickly caught the AI trend when the platform recently tweeted “AI is NEAR”.
The recent price hike of AI tokens comes after news that “ Microsoft invested a whopping $10 billion in OpenAI , the company behind ChatGPT.”
However, Cronje warned investors that “Many current projects are trying to label themselves AI-related, whose purpose may simply be to pump up the price of their tokens.”
According to Cronje, when putting money into a project, investors should find out what the project has done and its future plans rather than investing in the crowd.