• The article explains how the use of artificial intelligence (AI) has evolved over time and how it is being used today.
• It also discusses the potential applications of AI in the future, such as autonomous vehicles, medical diagnosis and more.
• Finally, it outlines some potential ethical issues with the use of AI and suggests ways to address them.
This article looks at the evolution of Artificial Intelligence (AI) from its early days to present day applications. It examines the potential applications for AI in the future, as well as discussing some ethical issues that may arise from its use.
History of AI
AI first emerged in 1950 when Alan Turing proposed a test for computers which measured their ability to think like humans. Since then, AI has come a long way with advancements in technology allowing for increasingly sophisticated algorithms to be written and applied to various tasks. Today, AI is being used in a variety of industries including healthcare, business analytics and robotics.
In the future, AI could be used for a range of tasks such as autonomous driving systems or medical diagnosis tools. Other potential uses include personal assistants that can help manage your schedule or act as an advisor on financial decisions. Additionally, there are possibilities for using AI to create art or music or even to solve complex mathematical problems.
There are some ethical concerns surrounding the use of AI which need to be addressed before it becomes widely adopted by society at large. These include worries about privacy issues if data is collected without consent or questions about who will be responsible if something goes wrong with an artificially intelligent system. In addition, there are concerns about whether we should allow machines to make decisions that could have serious consequences for humans such as deciding who gets access to certain services or resources.
To ensure that we can take full advantage of all that Artificial Intelligence has to offer while avoiding any negative implications it may bring, appropriate measures must be taken now so that these ethical considerations are addressed before they become bigger problems in the future.
• Crypto markets saw $200 million in losses due to short trades as Bitcoin and Ether surged.
• Bitcoin futures had the most liquidation losses at over $85 million, while Binance recorded the most losses among exchanges at $68 million.
• Tokens of layer 1 blockchains such as Solana (SOL) and Polygon’s MATIC added 10%, while Artificial Intelligence tokens such as Fetch (FET) and AGIX rose over 12%.
Crypto Markets See Over $200 Million in Losses
Crypto markets saw a dramatic surge in prices this past 24 hours, with market capitalization reaching its highest level since November. Despite the gains, traders that bet on a market-wide decline were taken off guard, resulting in over $200 million in overall liquidation losses due to short trades.
Bitcoin Futures Leads Liquidations
Bitcoin futures saw the most liquidations out of all cryptocurrencies, with over $85 million lost alone. Ether futures followed with $58 million in liquidations, while Aptos, Solana and Solana each saw losses between $3 to 4 million. Crypto exchange Binance recorded the highest among its counterparts at $68 million, while OKX came second with total loss of$51 million.
Rise of Token Prices
The surge also brought about a rise in token prices across various layer 1 blockchains such as Solana (SOL) and Polygon’s MATIC which both increased by 10%. AI-focused tokens like Fetch (FET) and AGIX rose over 12% during this period as well. Further, OKB – native token of crypto exchange OKEX – surged by 20%, making it one of the biggest gainers during this period.
Liquidations Can Signal Local Tops/Bottoms
Large liquidations can signal local tops or bottoms of steep price moves which can potentially allow traders to position themselves accordingly. This could be seen through large liquidations caused by short trades when prices climbed unexpectedly during this period; proving that cryptocurrency trading is still very much volatile despite signs of recovery for some tokens across different blockchain networks..
Overall though, these events prove that cryptocurrencies are still very much volatile despite signs of recovery for certain tokens from specific blockchain networks. Traders should take precautions before entering into any leveraged positions due to potential risk associated with large price movements within a short time frame leading up to large liquidation numbers like those seen today.
• BitMEX Research has identified over 13,000 Ordinals NFTs on the Bitcoin blockchain.
• These transactions have consumed 526MB of block space and cost creators 6.77BTC.
• The popularity of Ordinals has drawn criticism from prominent Bitcoiners for spamming the blockchain with oversized JPEGs.
Explosion in Popularity of Bitcoin NFTs
Interest in non-fungible tokens (NFTs) on the Bitcoin blockchain has skyrocketed since their debut on Dec 14th, according to research from crypto derivatives firm BitMEX.
BitMEX’s research arm published a blog post showing that 13,000 Ordinals have been minted or “inscribed” between their debut and Feb 7th. This influx of JPEGs and other media files onto Bitcoin has consumed 526 megabytes (MB) of block space and cost creators 6.77 bitcoin (roughly $155,000 at the time of publication). When plotted out graphically, the total number of Ordinals transactions shows a steep “hockey stick” curve, indicating exponential growth in NFT activity on Bitcoin.
The surge in popularity for Ordinals has sparked criticism from prominent Bitcoiners such as Rene Pickhardt who accused them of “spamming” the most dominant blockchain with oversized JPEGs. Although Ordinals only account for around 3% of total Bitcoin transactions they have already consumed nearly 70% of its blockspace usage.
The Benefits Of NFTs On The Blockchain
Despite this criticism there are clear benefits to using the blockchain to store digital assets such as artworks or collectibles as an immutable record can be maintained without resorting to a third party custodian or intermediary. Moreover, storing assets on a public ledger such as Bitcoin allows them to be traded almost instantaneously with minimal transaction fees providing an attractive alternative to traditional asset trading platforms which can often be slow and expensive.
Overall it is clear that demand for NFTs is growing rapidly and although there is some controversy surrounding their use it appears that they are here to stay as more people become aware of their potential applications within the cryptocurrency space.
• ImmutableX is launching an all-in-one passport system to onboard new gamers into Web3.
• The Immutable Passport will act as a non-custodial wallet, gamer profile and authentication solution.
• The launch is scheduled for April 2023 and will include features such as a secure digital wallet, fraud protection and seamless authentication.
ImmutableX is on the brink of launching an all-in-one passport system, the Immutable Passport, to onboard new gamers into Web3. This revolutionary new tool will act as a non-custodial wallet, gamer profile and authentication solution for Web3 gamers, providing them with a suite of features and security measures.
The launch of the Immutable Passport is scheduled for April 2023 and aims to address the need for ease of onboarding and security for gaming studios looking to integrate Web3 components into their games. According to customer research conducted by the ImmutableX team, this was identified as the top priority for development studios.
The Immutable Passport will provide a secure digital wallet to users, meaning that ImmutableX will not be involved in holding a user’s private keys or signing transactions. It will also feature fraud protection and seamless authentication, similar to an Xbox Gamertag or an Apple ID, meaning that a user does not need to enter a password at sign-on.
The ImmutableX team is confident that the Immutable Passport will provide gamers with a safe and secure way to access Web3. It is also expected to revolutionize the gaming industry and spur on the growth of Web3 gaming.
ImmutableX has also announced plans to provide developers with access to the Immutable Passport SDK. This will allow developers to integrate the Immutable Passport into their own games and apps, creating a more seamless user experience and allowing gamers to access Web3 games with ease.
The launch of the Immutable Passport is an exciting development in the Web3 gaming space, and ImmutableX is confident that it will help to onboard new gamers into the Web3 ecosystem. With the launch scheduled for April 2023, it won’t be long until this revolutionary tool is available to gamers everywhere.