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Coinbase executives unlock new levels in the Artificial Intelligence tool, ChatGPT. The executives claim to discover the Jailbreak in the AI tool ChatGPT which enables them to calculate the probability of future price scenarios of bizarre cryptos.

The tool is so helpful and estimated quite a few scenarios of future listing the prices of some famous cryptos. Conor Grogan, the crypto exchanges head of business operations at Coinbase is a big fan of ChatGPT and is a frequent user.

In his recent tweet on April 30, he shared the screenshot where ChatGPT predicts that there is a 15% chance that Bitcoin will go irrelevant with its price getting reduced by 99.99% by 2035. He also shared a screenshot of a 20% chance that Ether will become irrelevant with the price nearly getting zero by 2035predicted by the ChatGPT. ChatGPT also predicted 35% and 45% chances of Litecoin and Dogecoin prices to be nearly zero in the coming future.

He stated in his tweet that he ran this prompt about 100 times on GPT 3.5 and GPT 4, which is an advanced version of the GPT, and the AI bot gave significant numbers each time with a standard deviation of less than 10% and results were extremely consistent.

He stated in his tweet that he found a jailbreak in ChatGPT and named it JAMES. He said that it could predict the future of any given topic and can also predict when a person is to die based on its training.

Before asking the cryptocurrencies life questions, Grogan asked some political leaders predictions about their work and their ranking according to the work they did during their terms etc. The political leaders included Joe Biden, Vladimir Putin, Donald Trump, Barack Obama etc.

There were other predictions as well that included predictions of humanity, AI, religion, superficial activities, aliens etc. One of the prediction also said that aliens have visited Earth and the news and the whole incident is covered up by the government.

Grogan shared the screenshot of all the percentages and confidence Chat GPT showed while asking him about the best president of the 21st century. He also mentioned in a tweet that this AI bot can help to boost confidence in Quantitative abilities and may help researchers also.

He was very sure about all the predictions Chat GPT gave, as he tried them over 100 times. He also said that Chat GPT normally favours Bitcoin and is sceptical about the altcoins.

This is not the first time when Grogan experimented with crypto-related issues with Chat GPT. He did the same couple of months ago also and found that Chat GPT can find the faults in the security of the Ethereum smart contracts and provided ways too to fix them. The expert team behind this open-AI system also said that Chat GPT can pass school tests and law exams with marks in the 90 percentile.

Amidst all this, Italy which banned this AI tool for over a month regarding some privacy concerns, had lifted the ban and using AI tools in Italy is now legal.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing

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Coinbase exec uses ChatGPT to get odds on wild crypto scenarios - The Coin Republic

A smart contract is a code-based agreement between two parties deployed on a blockchain with pre-defined terms. Although many associate smart contracts with cryptocurrency, numerous real-life applications exist outside the crypto sphere.

However, figuring out where a smart contract is used isn't easy. So, let's explore five real-world examples of smart contracts in action and how they revolutionize traditional practices across different sectors.

Smart contracts are extensively used in cryptocurrencies, making them a valuable asset for the finance sector. The emergence of decentralized finance (DeFi) with smart contracts has provided a highly efficient alternative to traditional financing systems, offering immutable and trustless systems that ensure transaction transparency.

The DeFi market currently has a total value locked (TVL) of around $54 billion, highlighting its vast potential. DeFi not only facilitates peer-to-peer (P2P) transactions, but it also offers lending and borrowing services. But this market can be risky, and it is advisable to stay cautious of liquidity crunches and scams.

In addition to DeFi, smart contracts are finding their way into traditional finance. They can automate trades at both P2P and enterprise levels and are widely used in insurance services. For example, Insurwave caters to insurance companies with smart contract-based solutions. It offers a platform where insurance companies can create and manage their portfolio, leveraging blockchain technology to improve execution time and make insurance secure for both parties.

Smart contracts have the potential to revolutionize the healthcare industry by bringing transparency and efficiency to data recording. In addition, smart contracts can benefit hospital databases, laboratories, and health-related research.

Smart contracts can support clinical trials by ensuring data authenticity and allowing hospitals to keep a transparent record of patients' data and manage appointments efficiently. Encrypgen is one example of smart contract use cases in healthcare, using the blockchain and smart contracts for DNA data transfer. The Gene chain project detaches users' personal details from their DNA data to limit the selling of DNA data to large enterprises and give users more control over their data.

Blockchain and smart contracts in gaming have transformed the industry. It has introduced a new genre known as play-to-earn blockchain games that allow players to make money while playing games. In addition, these games have introduced cryptocurrencies and non-fungible tokens (NFTs) in the games that give financial benefits to gamers.

Post 2020, P2E games became quite popular with the rise of numerous titles like The Sandbox, Axie Infinity, Decentraland, and others. You can play these P2E games to earn rewards in their native tokens like MANA, SAND, or AXS. The crypto coins these games offer can be used for purchasing in-game items and liquidated to get real-life items.

Furthermore, smart contracts are also used in fantasy sports, which are rapidly gaining popularity. According to Strait Research, the fantasy sports market will be worth around $78.5 billion by 2030. With smart contract technology, fans can participate in decision-making processes for their favorite sports clubs, further leveraging blockchain's potential.

Smart contracts have the potential to revolutionize the real estate industry. Whether you want to buy a property or rent it out, smart contract-based agreements can offer you a safe and reliable way to do so. This trustless technology allows you to write codes for the automatic transfer of property ownership or rent agreements, making real estate dealings much safer by ensuring that both parties follow the agreed terms.

By eliminating intermediaries, such as lawyers or brokers, smart contracts can reduce the overall cost of registration and legal consultation and offer transparency throughout the process. Several companies in the real estate industry, such as Propy, SMARTRealty, Rent Peacefully, PropertyClub, and Vairt, have already adopted smart contracts to enhance their services.

Propy, founded in 2017, offers a platform for selling and purchasing properties based on smart contracts and is among the first Web3 real estate service providers. SMARTRealty also offers blockchain rental solutions and facilitates buyers and sellers by offering smart contracts for rental agreements, mortgages, and property ownership transfers.

The legal industry is another domain where smart contracts can thrive. It can be used for binding legal contracts for both business and social arrangements. In addition, smart contracts may work as e-signatures for agreements between different parties and mitigate the need for lawyers.

In some parts of North America, the government has even permitted using smart contracts for digital agreements. For instance, according to CoinDesk, marriage and birth certificates in California can be issued through blockchain using smart contracts.

Furthermore, paper or digital documents can be forged or lost at any moment, which makes them not entirely secure. Smart contract security audits can solve this issue by verifying documents on an immutable distributed ledger.

One platform that implements this technology in legal documents is Certoshi. It is a certificate issuance and verification system that works on Ethereum smart contracts to cryptographically secure documents.

Smart contracts are commonly associated with cryptocurrencies but offer numerous other use cases. It is a promising technology that has been adopted in various industries, including legal, finance, healthcare, and more. For example, smart contracts can automate complex money transfers such as insurance or facilitate clinical trials.

This article has explored five industries that have implemented smart contracts. However, smart contracts are not limited to these industries alone. They can also be utilized in supply chains, voting systems, and even the music industry. The technology can potentially enter and revolutionize any domain where virtual agreements are required. We expect this technology to play a critical role in shaping the future of various industries in the years to come.

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5 Real-World Use Cases of Smart Contracts - MUO - MakeUseOf

In todays digital age, where most transactions and interactions occur online, it is crucial to have a system that ensures the security and authenticity of digital agreements. Blockchain technology and smart contracts are two innovative solutions that have gained popularity in recent years for their ability to create trustworthy digital agreements. In this article, we will explore how blockchain and smart contracts work and the benefits they offer. If you are looking for a reliable trading, The Bitcoin Era AI bot is one of the best platforms to start bitcoin trading.

Blockchain is a decentralized, distributed ledger technology that is used to record and verify transactions on a network. In simple terms, a blockchain is a chain of blocks that contains information. Each block in the chain contains a unique code, a timestamp, and a record of recent transactions. Once a block is added to the chain, it cannot be altered or deleted, ensuring the integrity of the data stored on the blockchain.

Blockchain technology operates on a peer-to-peer network, where each node has a copy of the blockchain. Whenever a new transaction is made, the nodes on the network validate the transaction and add it to the blockchain. The blockchains decentralized nature ensures that there is no central point of failure or control, making it nearly impossible to hack or manipulate the data stored on the blockchain.

Smart contracts are self-executing digital contracts that are programmed to execute automatically when certain conditions are met. They are built on top of blockchain technology and operate on the same principles of decentralization and transparency. Smart contracts enable the creation of trustless agreements, meaning that the parties involved in the agreement do not have to rely on a third-party intermediary to enforce the terms of the contract.

Smart contracts are created using programming languages and are stored on the blockchain. The terms of the contract are written in code, and once the contract is deployed on the blockchain, it cannot be altered. The contracts code is designed to execute automatically when certain conditions are met, such as a certain date or the fulfillment of certain obligations by the parties involved in the contract. Once the conditions are met, the contract executes and the agreed-upon transaction takes place.

The combination of blockchain technology and smart contracts offers numerous benefits for creating trustworthy digital agreements:

One of the significant benefits of using blockchain technology for digital agreements is its transparency and immutability. The information stored on the blockchain is visible to all parties involved, making it impossible to modify or delete the information without the consent of the network. This ensures that all parties have access to the same information and that there is no chance of fraud or manipulation.

Smart contracts eliminate the need for third-party intermediaries, such as lawyers, brokers, or banks, to enforce the terms of a contract. This significantly reduces the cost of executing agreements and makes the process more efficient and streamlined.

Smart contracts are programmed to execute automatically when certain conditions are met, making the process of executing contracts faster and more efficient. This reduces the risk of errors and eliminates the need for manual intervention in the contract execution process.

The decentralized nature of blockchain technology ensures that there is no central point of failure or control, making it nearly impossible to hack or manipulate the data stored on the blockchain. Smart contracts, once deployed on the blockchain, cannot be altered or deleted, ensuring the integrity and security of the contracts terms.

Blockchain technology and smart contracts offer a revolutionary solution for creating trustworthy digital agreements in todays digital age. The transparency, immutability, cost-effectiveness, automation, efficiency, and security that they provide make them an ideal solution for creating digital agreements in various industries, such as finance, real estate, healthcare, and supply chain management. As the technology continues to evolve and improve, it is likely that we will see even more widespread adoption of blockchain and smart contracts in the years to come.

In addition, blockchain and smart contracts offer a powerful solution for creating trustworthy digital agreements that are transparent, secure, and cost-effective. By leveraging the power of decentralized networks and self-executing contracts, businesses and organizations can streamline their contract execution process, reduce costs, and improve overall efficiency.

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Blockchain and Smart Contracts - Enabling Trustworthy Digital ... - Tech Critter

We all are familiar with Blockchain and its working. For a brief, Blockchain is a decentralized system which is used for transactions of valuable assets. That is every person associated with a blockchain has a copy of the blockchain, which makes it almost impossible to tamper a blockchain. It gives some advanced security functions which makes it reliable and trusted.

But thinking practically, how are companies actually leveraging the blockchain? Lets look at the possible ways:

Consider buying a house and think of the final document, which when signed, the contract gets finalized with all the terms and conditions. That contract majorly includes the price of house, payment method, number of installments and the amount of each installment, some security measures such as what if money is not paid on time, or any case of fraud etc.

Similar to this contract is a smart contract but in a digital form. You cannot sign it practically but agree to it. Smart Contracts are in the form of a digital code which states all the conditions and if agreed by both the parties comes into action. Companies make use of these smart contracts to make use of blockchain.

Smart Contracts eradicate the need of third parties to evaluate and execute and minimize the fraud risks. Companies beforehand code the terms and conditions in smart contracts and release it. It is important to keep in mind that not all smart contracts are legal contracts but can become legal once standardized and legal codes are applied. Almost every company using blockchain makes use of smart contracts.

Finance industry has made the use of blockchain in the best way. Well, any company of any industry can, but here talking of the financial industry, all the transactions are made through blockchain. This provides highly reduced chances of risk, corruption, higher levels of security and record keeping abilities.

Blockchain makes sure that every transaction is transparent and everyone including the one who invested can track their money at any given point and make sure that it is used wisely and his money is safe, which centralized exchange systems lack. Blockchain proves to be time saving as well. For example, banks use blockchain for the KYC process and to identify and verify the client and keep a record of it.

Also, the bank shares it with other banks so that if the same person applies for any service in some other bank, that bank need not to redo the whole process again and save time.

Companies make use of blockchain to increase the efficiency of the supply chain and thereby decrease the losses and chances of blunders and deliver quality products to consumers.

Today, the connectivity of supply chains is very important as different raw materials exist in different locations and all need to be tracked and stored in a warehouse which then needs to be packed and delivered to the customer.

Whole of this process is very interdependent and every step needs to be tracked every time to ensure smooth functioning. Also, a small mistake in any of the steps can lead to huge losses. Blockchain provides this advantage to track all the fields simultaneously at every given point and have the reduced risk to a great extent.

Multinational companies like Walmart use the same technology and stats show that the time when walmart started using blockchain had grown exponentially.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing

Continued here:

Mainstream Companies are Leveraging Blockchain: Report - The Coin Republic

TORONTO, April 24, 2023 /CNW/ - Bitget Academy, a leading blockchain education platform, sponsored an educational crypto event organized by Crypto Babes club at Clubhouse Toronto. The event focused on the topics of blockchain and smart contracts and aimed to educate and empower women in the crypto space.

Crypto Babes Co-Founder Ashley Wright gives an Opening speech at the Crypto Babes Educational Event (CNW Group/Bitget Limited)

Crypto Babes is a community-driven platform that offers a safe and inclusive space for women to learn, connect, and grow their skills and careers in Web3. The organization's mission is to provide a fun, interactive, and empowering environment where women can learn about the cryptocurrency industry, NFTs, and blockchain.

Bitget Academy is an online cryptocurrency and blockchain education platform for first-timers, experienced investors, and everyone in between. Currently, the website has over 700 articles in 20 different languages covering everything from step-by-step guides, trending tokens, investing tips to market updates. The aim of the platform is to provide a comprehensive database of knowledge to ease investors' journey in navigating the world of Web3.

The event's agenda included metaverse experiences, workshops, Q&A sessions, giveaways, and networking. The event attracted close to 100 industry experts and thought leaders in attendance, of which close to 80% identify as women, including representatives from Binance, Cardano Foundation, Artcryption, and Web3 TO.

"Partnering with the Crypto Babes community has brought us closer to the females in the space and granted us an opportunity to interact first hand with them in Canada," said Gracy Chen, Managing Director of Bitget. "We are thrilled to be part of this educational initiative that aligns with our mission of making blockchain and cryptocurrency education accessible to everyone."

Ashley Wright, the co-founder of Crypto Babes, and event lead Tara David shared insights on women in crypto at the event. Ashley Wright is also the co-founder of Black Web3 Collective, an initiative to increase the representation of the Black, Indigenous, and People of Color (BIPOC) community in Web3.

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"The event was a great success, and we are thrilled to have partnered with Bitget Academy to bring this educational opportunity to women in the crypto space," said Ashley Wright, Co-founder of Crypto Babes. "Our mission is to empower and educate women, and we believe that events like this are crucial in achieving our goals."

With the event's success, Crypto Babes and Bitget Academy will continue to collaborate to offer more educational events, resources, and opportunities to women in the crypto space. The partnership reflects the growing interest and importance of diversity and inclusivity in the industry, making strides towards a more equitable and representative Web3.

About Bitget Academy

Bitget Academy is an online cryptocurrency and blockchain education platform for first-timers, experienced investors, and everyone in between. Currently, the website has over 700 articles in 20 different languages covering everything from step-by-step guides, trending tokens, investing tips to market updates. The aim of the platform is to provide a comprehensive database of knowledge to ease investors' journey in navigating the world of Web3.

For more information, visit:Website | Twitter | LinkedIn | Instagram

About Crypto Babes

Crypto Babes is a community-driven platform that aims to empower women in the world of cryptocurrency, NFTs, and blockchain. Their mission is to provide a safe and inclusive space where women can connect, learn, and grow their skills and careers. They organize various events, both online and offline, bringing together industry experts, thought leaders, and community members to share knowledge, insights, and opportunities. Crypto Babes offers a wide range of resources, including monthly meetups, learning badges, mentorship programs, and job postings, catering to beginners and seasoned professionals alike. With a focus on fun and interactivity, Crypto Babes is committed to helping women thrive in the rapidly-evolving world of crypto.

For more information, visit: Website | Twitter | Telegram | LinkedIn

SOURCE Bitget Limited

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Bitget Academy Sponsors Crypto Babes' Women Focused Blockchain and Smart Contracts Educational Event - Yahoo Canada Finance