The field of artificial intelligence (AI) is taking the world by storm, but many people have found themselves looking up at the sky, wondering where all the rain came from.

Those who didnt realize the place AI already has held in our everyday lives are having a hard time understanding what further advancements mean for society as a whole.

Wrapping your head around the technology itself is a challenge for most, but it gets even more complicated when broken down. No longer are people just using the umbrella term artificial intelligence they are saying narrow AI, superintelligence and artificial general intelligence (AGI). Companies are using the terms machine learning and deep learning when explaining the technologies they have incorporated to streamline their business practices.

The push to advance AI started long before the conversation about it did, and those advancements have benefited businesses across industries. The potential for what the future holds with this technology has been particularly enthralling for those in the Web3 space.

Irina Jadallah, co-founder of Ticketmeta a nonfungible token-based ticketing solution and decentralized streaming service for sports events told Cointelegraph:

But the impact of AI does not stop with the metaverse; it has already been proven that AI has the potential to revolutionize various fields, from marketing to finance. As exciting as it may be, the popularity of this technology, as Jadallah pointed out, now poses a rather significant question.

As it becomes more advanced and more desired by the public, it also becomes more expensive, enhancing the risk of centralization. This collective concern has created a new buzzword decentralized AI.

As with all things, centralization is not inherently a bad thing, but it does pose some issues where AI is concerned.

When only a small number of organizations can afford to use the technology, they would be able to control how the technology advances, risking it becoming everything many people fear it to be.

Recent:Chinese police vs. Web3, blockchain centralization continues: Asia Express

This concern of centralized AI is one that many in the space are already discussing and working against. Marcello Mari, founder of SingularityDAO an asset management company that uses AI for trading strategies told Cointelegraph:

In contrast, decentralized AI could allow individuals to have more of a say in the products they use while having a broader range of models to choose from.

This is why we even founded our company back in 2017 because its very important that we start thinking now about what the next AGI or superhuman intelligence will look like, said Mari. In order to make it benevolent, you want to have a decentralized layer so that the community can actually influence and be comfortable with the development of AGI.

Decentralized AI could incorporate blockchain technology, which already has a reputation for security and transparency.

Blockchain technology is a safe and open system for monitoring information and ensuring it stays unaltered, said Anna Ivanchenko, co-founder and CEO of Ticketmeta. Its used to create credibility and trust.

People have a preference for public blockchains because they are often governed by the community and not a central authority. Code becomes law and adds a level of trustlessness that is not seen in other industries. According to CoinGecko, there are already more than 50 blockchain-based AI companies, with many people expecting this number to grow exponentially over the coming years. Companies such as Render, Fetch.ai and SingularityNET have led the charge in 2023.

Maris SingularityDAO is democratically governed by the community, who can have input into how their AI-DeFi model operates. People having a say is the main differentiating factor between centralized and decentralized AI. With centralized AI, the average user has negligible influence over how the AI models function.

Encouraging the community to take part in the development and direction of AI, allowing them to influence where it goes and what it does, will likely play a significant role in easing their concerns. Decentralized AI could very well make people more comfortable with AI as a whole, easing the transition of the technology into one that we use every day.

Of course, its never easy with new tech, and decentralized AI is no exception. It shares a common challenge with centralized AI, namely the black box problem, which involves a lack of transparency in how AI models operate and reach conclusions.

This opacity can understandably breed distrust. However, as Cointelegraph recently highlighted, there is hope: Explainable AI (XAI) and open-source models are emerging as promising avenues to address the black box issue in decentralized AI.

Decentralized AI enhances security in several ways. For example, by leveraging blockchain technology, it offers encryption and immutability, ensuring that data remains both secure and unchanged.

It can proactively detect anomalies or suspicious patterns in data, acting as an early warning system against potential breaches. The need for decentralization arises from its inherent design: Instead of having a single point of vulnerability, data is distributed across multiple nodes, making unauthorized access or tampering significantly more challenging.

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Decentralized AI is championing the cause of transparency and trust in a world thats becoming more data-driven by the day. Traditional AI systems often suffer from opaque decision-making processes, raising trust and accountability issues. However, decentralized AI systems, like SingularityNET, stand out with their inherent transparency, recording every transaction and decision on the blockchain.

Despite still being in its infancy, decentralized AI provides hope of solving the aforementioned black box issue because of the inherent transparency that comes with blockchain technology.

Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.

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Exploring the future of AI: The power of decentralization - Cointelegraph

The end of July 2023 marked Ethereums eight-year anniversary since its genesis block. Over the years, the project has championed blockchain and smart contract technology and has provided the crypto community with the tools to disrupt the global finance system.

This article takes you on a captivating journey through Ethereums major milestones and achievements from its inception to its darkest hour during the DAO hack to the highly-anticipated Merge.

Although it has been eight years since the first Ethereum block in July 2015, the history of Ethereum goes back even further to late 2013 when Vitalik Buterin released its whitepaper.

It was roughly five years after the appearance of Bitcoin in 2008. At the time, Buterin proposed to build an alternative blockchain for building decentralized applications (dApps). Buterin argued that Bitcoins use of scripting language limited its capabilities. As such, Ethereum had to be created from scratch with a built-in Turing-complete programming language while adopting tested cryptographic concepts such as the proof-of-work (PoW) consensus mechanism.

Buterin described Ethereum as

A blockchain with a built-in Turing-complete programming language, allowing anyone to write smart contracts and decentralized applications, where they can create their own arbitrary rules for ownership, transaction formats and state transition functions.

Soon enough, the Ethereum Foundation was founded in 2014. The core members of the Ethereum development team consisted of Buterin, Anthony Di Lorio, Charles Hoskinson, Mihai Alisie, Gavin Wood, and Joseph Lubin, among others.

On 22 July 2014, the Ethereum Foundation announced a 42-day-long ether (ETH) sale. The price of ETH was initially set to 2,000 ETH per 1 BTC for the first 14 days, before declining to 1,337 ETH per 1 BTC by 2 September 2014.

It is estimated that the ether sale raised more than $18.3 million in BTC by selling more than 60 million ETH. Over 6,600 transactions occurred in the sale as people swapped their BTC for ETH.

Fast forward to 2016, Ethereums blockchain was up and running and gaining momentum. A decentralized autonomous organization (DAO) called The DAO was created in April 2016 via a token sale.

The DAO, which was created to act as a venture capital firm for the Ethereum ecosystem, saw immense interest and raised over $150 million in ETH from over 11,000 participants in its 28-day funding window.

Less than three months after its launch, The DAO was attacked by unknown hackers who exploited a bug in its smart contract. Over $60 million in ETH (one-third of the funds raised) was stolen in the infamous DAO hack. At the time, The DAO held roughly 15% of all ETH tokens and was the most heavily invested Ethereum project.

The failure of The DAO marked Ethereums first existential crisis, one which would lead to a split of the one-year-old blockchain.

Following the DAO hack, the Ethereum community faced a predicament. Core Ethereum developers saw that the only solution to retrieving the lost funds was to fork the Ethereum blockchain. In doing so, a new blockchain would be created, which basically took back all the stolen funds from the hacker and redistributed The DAO funds back to investors.

The plan sparked intense debates within the Ethereum community, resulting in a division between two opposing factions: the pro-forkers and the anti-forkers.

The central point of contention revolved around the concept of blockchain immutability.

The Ethereum community was called upon to vote whether to fork or not fork. 87% of the participants voted to fork the chain.

On 20 July 2016, Ethereum completed its hard fork to create a new version of the blockchain. The original, unforked chain went on to be known as Ethereum Classic.

Ethereum made headlines for the right reason in 2017 and 2018 as thousands of crypto projects tapped into the power of Ethereum smart contracts to launch their own tokens.

Billions of dollars were raised as ICOs became a popular way to raise funds. This period gave rise to a number of successful projects such as Filecoin, Tezos, and Bancor while also giving the world failures such as Sirin Labs, and Dragon Coin.

2020 saw a time when decentralized finance (DeFi) protocols came of age as user participation and capital in the fledgling industry grew exponentially. According to Decrypt, at the start of 2020, only $700 million was locked into various DeFi smart contracts. That figure ballooned to about $15 billion by the end of the year.

The year saw prominent DeFi protocols like Compound, Aave, and yearn.finance launch their governance tokens. Yield farming became popular among crypto degens looking to make a quick buck off their interest in cryptocurrencies. Decentralized exchange (DEX) trading volume surged, and meme coins investingtook off.

All of this was happening on the hottest blockchain at the time Ethereum.

Although the NFT culture was growing infectiously within the crypto community since 2018, 2021 was the year that the outside world got engulfed in the hype. Millions of NFT projects began popping up as Ethereums ERC-721 token standard made it easy to mint NFTs on the blockchain.

CryptoPunks and Bored Ape Yacht Club became status symbols on social media. Renowned auction house Christies sold Beeples Everdays: The First 5000 Days for a whopping $69.3 million. Nike took its first steps into the blockchain world by acquiring the digital art studio RTFKT.

By the end of the year, nearly $41 billion was spent on NFTs.

The explosion of NFT sales and DeFi transactions had resulted in gas fee spikes on Ethereum. In order to address this problem, EIP-1559 was implemented in August 2021, which introduced a base fee and miner tip to make gas fees stable and predictable.

EIP-1559 also made ETH more scarce by introducing a mechanism to burn all the base fees paid in a transaction.

On 16 November 2021, the ETH price hit an all-time high of $4,891.

In 2022, all the Ethereum community could talk about was The Merge Ethereums long-awaited transition from PoW to the proof-of-stake (PoS) consensus mechanism.

Work on The Merge was ongoing before 2022. The Beacon chain the original Ethereum PoS blockchain launched in 2020 and was running simultaneously alongside the Ethereum main net. It was extensively tested with real-world data.

On 15 September 2022, the Beacon chain merged with the Ethereum mainnet to complete Ethereums transition to the PoS consensus mechanism. As a result, miners were replaced by validators, the energy consumption of the network was reduced by over 99%, and Ethereum became more scalable.

The Merge was a major step in Ethereums aim of achieving mass scale. Now, the community is focused on developing the rollup technology to help Ethereum reduce gas fees and increase transaction throughput.

Rollups are layer-two blockchains that bundle hundreds of transactions off-chain and submit them to the main chain (Ethereum) as a single transaction, resulting in cheaper gas fees for the end user. The two most prominent rollup technologies being used are optimistic rollups and ZK rollups.

Upcoming upgrades on Ethereum are all geared toward supporting its rollup-centric roadmap.

Ethereums journey from its inception to the present day has been nothing short of remarkable. The platforms introduction of smart contracts and decentralized applications, the success of DeFi and NFTs, and the ongoing rollup-centric scaling plan showcase its transformative impact on the blockchain and decentralized technologies.

See the article here:

Ethereum's Birthday Special: 8 Years of Decentralization - Techopedia

Home Journal BONE Token Anticipates Explosive Growth Amidst Shibarium Launch, Welcomes True Decentralization

As the crypto world eagerly awaits the launch of Shibarium, a stir has been caused by an intriguing development. The founder of Shiba Inu, @Shytoshikusama, has announced that they are renouncing the $BONE contract. This unprecedented step reflects the ethos of decentralization at the heart of blockchain technology, and it sets the stage for $BONE to gain a potentially explosive increase in value.

In a tweet from @BlackDumpling57, it was highlighted how $BONEs dominance continues to persist, even without a current use case. However, with the imminent launch of Shibarium, the tokens role is set to evolve drastically, causing, what @BlackDumpling57 predicts, a BOOM. The roles that $BONE is poised to play include delegation, validation, and acting as a gas token within the Shibarium ecosystem.

Huge $1,200 Giveaway is Underway on our Twitter account Enter Today!

In parallel, anticipation for $BONEs listing on Binance, as hinted by @Cryptolight_z, has further ignited speculation on the tokens potential growth.

The discourse on decentralization, the founding principle of blockchain and cryptocurrencies, has been revisited by Shiba Inus founder in an open letter to the community. The narrative portrays the evolution from Bitcoins challenge to centralized monetary systems to Ethereums extension of the blockchain to decentralized applications (DApps).

Shiba Inu ($SHIB), born out of an anonymous experiment, has been presented as the embodiment of this spirit of decentralization. With its remarkable rise to maintain top 20 status in the cryptocurrency space, SHIB provides a testament to the power of the community, proving that decentralized initiatives can thrive and compete with established financial systems.

As a significant step in this narrative of relentless evolution, Shiba Inu is getting ready to launch Shibarium, its own Layer 2 blockchain. As part of this development, the remaining supply of $BONE will be minted and the $BONE contract will be renounced, preventing any further minting. This move is seen as a stepping stone in the start of their blockchain, with a significant portion of $BONE allocated to the role of validators in their upcoming system.

$BONE is also projected to serve as a passport to the future, being the token delegates bury to receive a portion of rewards, acting as the gas token for Shibarium, and playing a crucial role in technology governance within their new system.

The coming days are filled with anticipation as the crypto community keenly awaits the ripple effects of these significant developments. As @Shytoshikusama puts it, this isnt just about following the path of decentralization; this is about trailblazing a new destiny for the world.

References:

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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BONE Token Anticipates Explosive Growth Amidst Shibarium ... - Captain Altcoin

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Cyberattacks can exacerbate existing security issues and expose new gaps atthe edge, presenting a series of challenges for IT and security staff. Infrastructure must withstand the vulnerabilities that come with the massive proliferation of devices generating, capturing and consuming data outside the traditional data center. The need for a holistic cyber resiliency strategy has never been greater not only for protecting data at the edge, but for consolidating protection from all endpoints of a business to centralized datacenters and public clouds.

But before we get into the benefits of a holistic framework for cyber resiliency, it may help to get a better understanding of whythe edgeis often susceptible to cyberattacks, and how adhering to some tried-and-true security best practices can help tighten up edge defenses.

Human error can be the difference between an unsuccessful attack and one that causes application downtime, data loss or financial loss. More than half of new enterprise IT infrastructure will be at the edge by 2023, according toIDC.

With so much data coming and going from the endpoints of an organization, the role humans play in ensuring its safety is magnified.

Perhaps the biggest challenge is thatedge environmentsare typically not staffed with IT administrators, so there is lack of oversight to both the systems deployed at the edge as well as the people who use them.

While capitalizing on data created at the edge is critical for growth in todays digital economy, how can we overcome the challenge of securing an expanding attack surface with cyber threats becoming more sophisticated and invasive than ever?

It may feel like there are no simple answers, but organizations may start by addressing three fundamental key elements for security and data protection: Confidentiality, Integrity and Availability (CIA).

In addition to adopting CIA principles, organizations should consider applying a multi-layered approach for protecting and securing infrastructure and data at the edge. This typically falls into three categories: the physical layer, the operational layer and the application layer.

At the edge, servers and other IT infrastructure are likely to be housed beside an assembly line, in the stockroom of a retail store, or even in the base of a streetlight. This makes data on the edge much more vulnerable, calling for hardened solutions to help ensure the physical security of edge application infrastructure.

Best practices to consider for physical security at the edge include:

Edge environments tend to lag in specific security software and necessary updates, including data protection. The vast number of devices being deployed and lack of visibility into the devices makes it difficult to secure endpoints vs. a centralized data center.

Best practices to consider for securingIT infrastructureat the edge include:

Once you get to the application layer, data protection looks a lot like traditional data center security. However, the high amount of data transfer combined with the large number of endpoints inherent in edge computing opens points of attack as data travels between the edge, the core data center and to the cloud and back.

Best practices to consider for application security at the edge include:

While CIA and taking a layered approach to edge protection can greatly mitigate risk, successful cyberattacks are inevitable. Organizations need assurance that they can quickly recover data and systems after a cyberattack. Recovery is a critical step in resuming normal business operations.

By vaulting data on the edge to a regional data center or to the cloud through an automated, air-gapped solution, organizations can ensure its immutability for data trust. Once in the vault, it can be analyzed for proactive detection of any cyber risk for protected data. Avoiding data loss and minimizing costly downtime with analytics and remediation tools in the vault can help ensure data integrity and accelerate recovery.

Organizations can address edge data protection and cybersecurity challenges head-on by deploying and managing holistic modern data protection solutions on-premises, at the edge and in the cloud or by leveraging Backup as-a-Service (BaaS) solutions. Through BaaS, businesses large and small can leverage the flexibility and economies of scale of cloud-based backup and long-term retention to protect critical data at the edge which can be especially important in remote work scenarios.

As part of a larger zero trust or other security strategy, organizations should consider a holistic approach that includes cyber security standards, guidelines, people, business processes and technology solutions and services to achieve cyber resilience.

The threat of cyberattacks and the importance of maintaining the confidentiality, integrity and availability of data require an innovative resiliency strategy to protect vital data and systems whether at the edge, core or across multi-cloud.

(Ripu Bajwa, Director and General Manager, Data Protection Solutions, Dell Technologies India)

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Protecting Edge Data In The Era Of Decentralization - IndiaCSR