Popular crypto analytics channel Altcoins Daily commented on the best cryptocurrencies to be influential in the rapidly expanding field of artificial intelligence (AI).
The video first discussed the views of the famous crypto figure Arthur Hayes, who claimed that Bitcoin will be the currency of reference for artificial intelligence. According to Hayes, artificial intelligence requires a digital, automated and censorship-proof payment infrastructure that traditional banking and fiat currencies cannot provide.
According to Altcoin Daily, Ethereum’s programmability positions it as a strong contender in the AI industry, with several promising options emerging in the Ethereum ecosystem such as Optimism (OP) and Polygon (MATIC).
The analyst said Optimism, a technology used by Coinbase’s Ethereum 2 Network, aims to increase scalability and Ethereum He emphasized that it aims to provide unified liquidity in scaling networks. Also, noting that Polygon was originally designed as a side chain, the analyst stated that Polygon has managed to become an important solution in the second layer space.
The analyst also noted the possibility that the Avalanche blockchain, in search of a base layer designed for artificial intelligence, could have a significant impact. He pointed out that Avalanche has attracted big companies like Alibaba, which is building a metaverse launchpad and researching other startups on the Avalanche blockchain.
The analyst also includes Cardano (ADA), Solana (SOL), Litecoin (LTC), and Phantom (FTM). artificial intelligence highlighted as competitors in the field. Altcoin Daily explained that Fantom’s development team has taken an evidence-based approach to addressing blockchain bottlenecks, L2 solutions, and sharding. Phantom is an Ethereum-compatible blockchain for low time accuracy, low gas costs, and strong scalability.
The expert predicts that Fantom will be at the forefront of the artificial intelligence revolution by improving the scalability, energy consumption, security, complexity and interoperability of blockchain technology.
You can follow the current price action here.