A new artificial intelligence-infused blockchain with Andreseen Horowitz’s backing is „ultimately designed as a replacement for Bitcoin,” according to its co-founder Travis Good.
The far-fetched claim is rooted in what Good prognosticates as unvarnished reality: Bitcoin’s encryption mechanisms are „getting really stale” and could be „completely obsolete within five years,” creating a business conundrum for the miners behind it.
„You’ve got people who’ve invested billions of dollars in hash power for securing a network in ASICs,” he told CoinDesk at this year’s ethDenver conference. „And the question is like, where do they all go?”
His answer is Ambient, a blockchain with deep capabilities in the AI space – the „future economy,” as Good puts it – that could become a „decentralized competitor to OpenAI.” The network operates on a proof-of-work mechanism with familiar appeal to bitcoin miners, he said, making it an easy switch.
„It’s a useful proof of work network, which we don’t
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