Ethereum

2024

when

<h4><span style="font-weight: 400;"><strong>Ethereum co-founder, Vitalik Buterin, has offered his opinion on the growing trend of integrating artificial intelligence (AI) and blockchain technology.</strong> </span></h4> 
<p><span style="font-weight: 400;">In a new blog post titled “The promise and challenges of crypto + AI applications,” Buterin outlined his top concerns about AI and advised developers to “tread carefully,” particularly when implementing cutting-edge apps in high-value and high-risk situations.</span></p> 
<h5><strong>Vitalik Buterin Raises Concerns Over AI Risks in Development</strong></h5> 
<p><span style="font-weight: 400;">The Ethereum co-founder explained that “it is important to be careful: if someone builds e.g. a prediction market or a stablecoin that uses an AI oracle, and it turns out that the oracle is attackable, that’s a huge amount of money that could disappear in an instant.”</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">The promise and challenges of crypto + AI applications:<a href="https://t.co/ds9mLnshLU">https://t.co/ds9mLnshLU</a></p> 
 <p>— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1752291413503729751?ref_src=twsrc%5Etfw">January 30, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Buterin acknowledged that both AI and blockchain are of vital importance today. AI could play a role in helping users understand the intricate details of the cryptocurrency world, making sure that their actions are consistent with their objectives, and protecting them from potential fraud.</span></p> 
<p><span style="font-weight: 400;">The developer <a href="https://vitalik.eth.limo/general/2024/01/30/cryptoai.html" target="_blank" rel="noopener">explained</a> that one of the areas where AI has the greatest potential is enabling it to take part in solutions like prediction markets at a macro-scale that would be impractical for humans. Buterin adds that AI could also be utilized in user interfaces for cryptocurrency wallets, guiding users through transactions and signatures and identifying fraudulent activity.</span></p> 
<h5><strong>The Areas of Caution</strong></h5> 
<p><span style="font-weight: 400;">Despite the positive side of the AI+ blockchain ties, Buterin believes there are some gray areas. For example, Buterin notes that using AI to enforce governance or oversee the administration of crypto networks would be the riskiest undertaking because open-source AI models would be subject to hostile attacks.</span></p> 
<p><img decoding="async" class="alignnone size-full wp-image-132887" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/01/Buterin-AI.png" alt="" width="1272" height="763" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/01/Buterin-AI.png 1272w, https://www.altcoinbuzz.io/wp-content/uploads/2024/01/Buterin-AI-300x180.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/01/Buterin-AI-1024x614.png 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2024/01/Buterin-AI-768x461.png 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/01/Buterin-AI-696x417.png 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/01/Buterin-AI-1068x641.png 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2024/01/Buterin-AI-700x420.png 700w" sizes="(max-width: 1272px) 100vw, 1272px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://vitalik.eth.limo/general/2024/01/30/cryptoai.html" target="_blank" rel="noopener">Vitalik.eth</a></strong></h6> 
<p>&nbsp;</p> 
<p><span style="font-weight: 400;">Buterin explains that open-source AI is prone to attacks as hackers can examine its code and craft effective attacks against it. On the other hand, Buterin claims that closed-source AI offers “security through obscurity.” However, according to him, this model lacks transparency.</span></p> 
<p><span style="font-weight: 400;">The <a href="https://www.altcoinbuzz.io/cryptocurrency-news/sec-delays-decision-on-blackrocks-spot-ethereum-etf/" target="_blank" rel="noopener">Ethereum</a> developer said in his blog, “My own opinion is that pure AI interfaces are probably too risky at the moment as it increases the risk of other kinds of errors, but AI complementing a more conventional interface is getting very viable.”</span></p> 
<p><span style="font-weight: 400;">Buterin concludes by warning developers to exercise caution at the intersection of AI and blockchain.</span></p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a></p> 
<p><iframe title="SEI: The Next Solana? Why 2024 is Game-Changing 👀" width="696" height="392" src="https://www.youtube.com/embed/FVkGEc34enI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p> 
<h5><strong>Disclaimer</strong><br> The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</h5> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/ethereum-co-founder-buterin-warns-devs-of-ai/">Ethereum Co-Founder Buterin Warns Devs of AI</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Ethereum Co-Founder Buterin Warns Devs of AI

Altcoin Buzz

Other articles published on Jan 31, 2024

VVS Price Prediction: Will VVS Hold Out 200-Day EMA Amid Selloff?

Shiba Inu: Shibarium Facilitates Over 320 Million Transactions as SHIB Flashes Buy Signal

Cardano Price Prediction: 5 Reasons To Invest in Cardano (ADA) Before Bitcoin Halving

Electricity demand to double in 3 years. How AI and mining play a part

Bitcoin Halving Casts New Light on Mining Profitability

February Outlook: Potential Price Movements for Beldex and SKALE Cryptocurrencies

Join our free newsletter for daily crypto updates!