Published On: Thu, Feb 8th, 2018

What Will You Do with Your Mining Equipment When A.I. Takes Over? Sell It on Ebay?

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Blockchain technology is not flawless. While the idea is strong, the underlying tech behind it is falling behind. The blockchain relies on people and the power of their computers to verify blocks of transactions. Blocks can only hold so many transactions, and miners’ rigs can only handle so many blocks.
That, and mining blocks takes time. The companies behind cryptocurrencies must provide an incentive for miners to continue spending their time on the blockchain, and those rewards can vary based on the value of the cryptocurrency they are mining. The more transactions to process, the slower the network. In short: scalability is the blockchains downfall.
One company, Lydian, is attempting to get rid of the reliance on miners.
Their attempt is via The Whisper Network. The Whisper Network is a platform looking to disrupt the world of digital advertising by utilizing a decentralized artificial intelligence technology. By taking advantage of A.I., The Whisper Network can identify and then target potential customers.
Because of this, the digital advertising ecosystem will become infinitely more user-driven. Lydian has two products: MonaChain and MonaBrowse. MonaChain intends to use the blockchain and its own DaVinci marketing cloud technology to avoid common cases of …

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