#CryptoNews 🗞️

#VitalikButerin discussed the prospects of AI in the crypto sphere, highlighting its potential applications and proposing a classification based on its interaction with different blockchains.

He emphasized the role of AI in balancing decentralization of cryptocurrencies and addressed transparency concerns by noting that digital assets ensure transparent transactions.

Buterin outlined four approaches to AI-blockchain interaction: #AI as a key player in protocols involving human participation, AI as an interface to enhance user understanding and prevent deception, AI 🤖 as a rule of the game directly employed by decentralized mechanisms, and AI as the goal in developing networks and mechanisms to support its broader use

#CryptoNews 😉

Vitalik Buterin referred to the Proof-of-Work algorithm as a "temporary stage" for #Ethereum

The co-founder addressed user comments regarding the project's transition to the Proof-of-Stake algorithm (PoS), stating that PoW was merely a transitional phase in Ethereum's development

He emphasized that moving to PoS is a logical and reasonable decision due to PoW's centralization issues, which were often understated

#CryptoNews 😏

A Bitcoin developer disrupted the operation of the Bitcoin test network.

Jameson Lopp, co-founder and security director of the Casa platform, conducted an attack on the Bitcoin test network, disrupting its normal functioning. With his actions, the developer created over 165,000 blocks in just a week. Under normal conditions, this would have taken 3 years.

💲Lopp carried out a so-called "stress test attack," which involves creating a huge number of transactions to increase the network's workload and disrupt other operations.

Due to the overload, Bitcoin developers were forced to halt work on some applications.

☺️Lopp stated that the main goal of the attack was to demonstrate the most vulnerable areas of the blockchain and address them, rather than attempting to cripple the network.

The "stress test" cost the developer $1 💸in payment for the electricity consumed.

In a video, developers showed an unsuccessful attempt to synchronize the test node, which failed due to "creating thousands of new blocks per hour."