Does Blockchain Need Privacy AI?

[R1dwanRz]

I have been wondering this since I looked at Nillion project that got everyone to talk about. We all know blockchains are public by design, but not everything should be.

Reading on this, this is where the project introduces the ability for decentralized AI and blockchains to be able to store and process data without seeing it. They have also introduced the concept of blind computation, which allows encrypted data to be used in its raw form. So, essentially, data can be analyzed, processed and interacted with securely while keeping sensitive information completely private.

Now, getting to the main point: their token, NIL. It’s been announced for governance and transaction fees, which is pretty standard for most projects. It's currently listed in Bitget pre-market, and also announced on Binance listing. DO you guys think the price will stay the same once they are listed? cos I don't want to see huge dumps on Binance as it's been a record of how they list and it dies with -90% drops.

Anyways, I hope AI can really help project developers, not just for profits, but overall project development that will make investors/holders happy.

[o48o]

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Anyways, I hope AI can really help project developers, not just for profits, but overall project development that will make investors/holders happy.

You are using buzz words without explaining the need of "AI" in here. There are several ways use privacy but if done correctly and decentralized way, mostly it means ton of computing power, rendering the end result just too expensive for traditional use of cryptocurrency.

Ai itself isn't needed in any blockchain project that i have seen. There are way cheaper and less bulky ways to use existing AI models that don't require any decentralization. In fact they are open source that you can literally use in any machine. Tokens or coins for it are pointless.

[Olamidetechie]

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Anyways, I hope AI can really help project developers, not just for profits, but overall project development that will make investors/holders happy.

You are using buzz words without explaining the need of "AI" in here. There are several ways use privacy but if done correctly and decentralized way, mostly it means ton of computing power, rendering the end result just too expensive for traditional use of cryptocurrency.

Ai itself isn't needed in any blockchain project that i have seen. There are way cheaper and less bulky ways to use existing AI models that don't require any decentralization. In fact they are open source that you can literally use in any machine. Tokens or coins for it are pointless.

You are actually right; I also have seen a lot of blockchain projects that don't really need AI. But if we carefully look at what the OP said, he might actually have had an experience with one, and you know, just because you and I haven't seen something doesn't really mean that they don't exist. And about the $NIL token he mentioned, in all sincerity, I have been seeing it trending on X, especially since exchanges are going about with the pre-market and after then listing https://x.com/nillionnetwork/status/1903129477716263208 I surely will do more research on it to see if it is a project i can jump into.

[nelson4lov]

I have heard of Billion but I wasn't involved with the project at any point in time but I like their concepts but I still think it's something people don't need right now. We don't even have a full-fledged chain that can scale as demand grow, good infrastructures or even good consumer apps yet we get a privacy AI?

I have nothing against the project and team and hope it does well for them and their community.

[shinratensei_]

what the AI exactly doing here?

I don't really get the idea of using Privacy AI?

if there's privacy, ZK already exist, some blockchain that's privacy focused also exist.

if I read from the project you mentioned, they just provide platform to process sensitive data + computing power in a decentralized manner, so you can train AI or other things using sensitive data on-chain.
basically just more secured and privacy AI blockchain, which I haven't even seen the real use case to this days.

[WeedGoW]

I have been wondering this since I looked at Nillion project that got everyone to talk about. We all know blockchains are public by design, but not everything should be.

Reading on this, this is where the project introduces the ability for decentralized AI and blockchains to be able to store and process data without seeing it. They have also introduced the concept of blind computation, which allows encrypted data to be used in its raw form. So, essentially, data can be analyzed, processed and interacted with securely while keeping sensitive information completely private.

Now, getting to the main point: their token, NIL. It’s been announced for governance and transaction fees, which is pretty standard for most projects. It's currently listed in Bitget pre-market, and also announced on Binance listing. DO you guys think the price will stay the same once they are listed? cos I don't want to see huge dumps on Binance as it's been a record of how they list and it dies with -90% drops.

Anyways, I hope AI can really help project developers, not just for profits, but overall project development that will make investors/holders happy.

I know there is no need for artificial intelligence to ensure the privacy of technology. We have learned that the block’s own structure and design includes privacy and security. A very secure technology. In the blockchain system, data is encryptedly stored, resulting in transactions only visible for authorized parties. This encryption technology maintains privacy, and artificial intelligence is not necessary directly for it.
But we all know what I think artificial intelligence and two very advanced types of blocks are very advanced technologies. This can actually be an important step in crypt when the NIL project successfully combined these two technologies.

[moneystery]

i'm sure that it's just a marketing gimmick, because in reality blockchain doesn't need ai to work. blockchain just stands alone and records all transactions safely and transparently. and the function of AI itself seems useless, except when users want to analyze the data on the blockchain, such as transaction patterns, fraud, or suspicious activities on a blockchain network. while for increasing privacy, developers can pay more attention to blockchain technology, compared to utilizing AI on it.

[o48o]

You are actually right; I also have seen a lot of blockchain projects that don't really need AI. But if we carefully look at what the OP said, he might actually have had an experience with one, and you know, just because you and I haven't seen something doesn't really mean that they don't exist. And about the $NIL token he mentioned, in all sincerity, I have been seeing it trending on X, especially since exchanges are going about with the pre-market and after then listing https://x.com/nillionnetwork/status/1903129477716263208 I surely will do more research on it to see if it is a project i can jump into.

I don't use xitter, and i am not interested about any paid bounty trends on it. However, i admit that i am seriously prejudiced about these buzzwords, so i judged the project without even looking at it. So i will be looking at it later on. I don't hold my breath though. From the first look it seems to be all over the map, which isn't a good thing for a blockchain project.

I am very skeptical, but i try to get some of my more tech savvy-friends to look at their tech paper, and explain the pros and cons, hoping that i am not wasting their time.

[uneng]

Then, is it a private Blockchain? What is the point of it, since the purpose of Blockchain technology is to give more transparency to the financial system through a record of public transactions you can access at anytime?

The idea of implementing AI to blockchain looks just an attempt to mix two hot topics: crypto and AI, in order to create speculative hype around the project.

Anyway, it's not reliable on long term. You can expect it to be just a pump and dump scheme, where early investors may make money, while the late ones are sure to lose.

[Yaunfitda]

Now, getting to the main point: their token, NIL. It’s been announced for governance and transaction fees, which is pretty standard for most projects. It's currently listed in Bitget pre-market, and also announced on Binance listing. DO you guys think the price will stay the same once they are listed? cos I don't want to see huge dumps on Binance as it's been a record of how they list and it dies with -90% drops.

This is altcoin market, anything goes, and as we have seen in the past, if a project is going to be listed on a top tier exchanges, then there are chances that it will have a pump and dump scheme. But after that, nobody knows if it will remain like that, or the price will go down and the project suddenly die a natural death, sorry to burst the bubble for you.

Anyways, I hope AI can really help project developers, not just for profits, but overall project development that will make investors/holders happy.

AI has many used, perhaps it can be taken advantage of the developers to see that there are no loopholes that can be exploited by hackers or criminals. This individuals really have a deep understanding of blockchain and so they can spot if there is vulnerabilities in the code. Hopefully with AI, it can be identified early before such attacks can happen to a project.

[goldkingcoiner]

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Anyways, I hope AI can really help project developers, not just for profits, but overall project development that will make investors/holders happy.

You are using buzz words without explaining the need of "AI" in here.

I agree.

Furthermore, the OP is shilling some shitcoin project, so obviously that is his/her goal.

Nothing of value in this thread.

[Reatim]

I have been wondering this since I looked at Nillion project that got everyone to talk about. We all know blockchains are public by design, but not everything should be.

i get wanting to keep privacy but isn't the point of blockchain being public is because basically anyone can join in on validating these transactions that we can see in the blockchain itself you can join in by making transactions yourself as well without having to ask for permission from a central authority

that to me is what the essence of a blockchain is and thus the need for it to be open and transparent to the public