The presence of the artificial intelligence (AI) platform ChatGPT is currently being widely discussed, where the crypto exchange Binance also considers that it can help increase crypto adoption.
According to a blog post published by Binance on February 10th, ChatGPT generates responses that resemble those of a human to questions on a wide variety of subjects, including blockchain and cryptocurrency technology. This enables novices to gain an understanding of concepts such as proof-of-work (PoW) and Bitcoin mining.
Finbold reports that, Binance explained, “ChatGPT has the benefit of being able to help clarify concepts in an interactive and conversational manner. Users can also keep asking it questions until they feel like they have fully understood whatever crypto-related topic it is they are interested in.”
The Finbold team discovered that ChatGPT can simplify complex concepts and present them in an understandable way for beginners, as seen when they asked the chatbot to explain Bitcoin in the style of a 1920s mobster, resulting in an entertaining yet informative response.
For those looking to delve deeper into the world of cryptocurrency, the AI bot can help shorten the learning curve and make it easier for individuals and businesses to start using crypto, ultimately increasing the adoption rate of cryptocurrencies.
The Binance team believes that as ChatGPT's capabilities continue to develop, it could even assist more advanced users with coding crypto trading bots and terminals, and smart contracts, enabling them to take an active role in shaping the innovative industry.
Currently, the chatbot can provide useful insights into the potential future behavior of specific cryptocurrencies, such as predicting the price of Shiba Inu (SHIB) or the XRP token in 2030, as well as weighing in on the legal dispute between the United States Securities and Exchange Commission (SEC) and Ripple.
Of course, investors still need to conduct personal analysis to better understand the crypto assets they wish to learn about, especially if it is a crypto asset that has just been offered in a presale, or as it is commonly known, an initial coin offering (ICO). [pc]
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