Texas A&M Professor to Launch Bitcoin Research Institute

2024-5-2 03:37

Korok Ray, Bitcoin researcher and Associate Professor at the Mays Business School at Texas A&M University, announced plans to launch The Bitcoin Research Institute to drive academic research at the intersection of Bitcoin and artificial intelligence.

At the MicroStrategy World: Bitcoin for Corporations 2024 event, Ray made note of Bitcoin’s potential to enable secure multi-party computation (MPC), offering the example of poker players agreeing on the state of a particular game as a basic form of computation.

He expanded this example to include deep neural networks and agent-based reinforcement learning, whereby artificially intelligent agents could collectively perform computations in the context of the Bitcoin blockchain. Ray’s vision made note of new developments in the Bitcoin ecosystem such as BITVM, which allows off-chain Turing complete computation, as in the case of MPC, to be verified on Bitcoin.

Ray went on to propose his thesis, describing Bitcoin and AI combined as "The Undiscovered Country":

Korok Ray at MicroStrategy World: Bitcoin for Corporations 2024

"The ultimate use case of Bitcoin in say one-hundred, two-hundred or five-hundred years, will not be humans, but machines...  as we are at [this] wave of massive technological progress, I believe the biggest opportunity will be deep integration between machines and the entire Bitcoin network at different levels."

“The Bitcoin Research Institute is really to connect these two areas of research and development and bring Bitcoin together with a lot of the major advances in AI,” Ray explained. “There is an army of researchers and faculty out there, and we need [to bring] the best minds onto Bitcoin to make this a reality.”

For additional areas of research, Ray noted the potential rise of Chaumin mints as a means of scaling bitcoin payments, as well as the need for secure prediction markets enabled by Bitcoin, an innovation that may lead to more efficient insurance and financial products.

Ray’s speech also acknowledged the legacy of academic achievements in computer science that have led to both the creation of Bitcoin and artificial intelligence, suggesting that the two will build upon this success in research to drive innovation across all sectors of the economy.

Watch Korok Ray’s speech on the MicroStrategy World: Bitcoin for Corporations Livestream hosted on the Bitcoin Magazine YouTube, Twitter and LinkedIn.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 70946.94 (+1.51%)
Объем 24H $40.418b
Изменеия 24h: 2.55 %, 7d: 4.22 %
Cегодня L: $69275.57 - H: $70960.99
Капитализация $1419.848b Rank 1
Цена в час новости $ 57161.07 (24.12%)

bitcoin texas research institute launch professor artificial

Источник: bitcoinmagazine.com

bitcoin texas → Результатов: 126


Фото:

Texas lawmaker proposes state-managed Bitcoin reserve for financial stability

Texas lawmakers have introduced a bill to establish a state-managed Bitcoin reserve, aiming to explore the potential role of crypto in public finance. Filed on Dec. 13 by Republican Rep. Giovanni Capriglione, the legislation would allow the state to collect taxes, fees, and donations in Bitcoin, with the assets held for at least five years.

2024-12-13 02:15


Texas, The Citadel For Bitcoin: A Gubernatorial Election Race

2022 Texas gubernatorial elections have become a race for promising Bitcoin (BTC) adoption by several candidates. Republicans Don Huffines, Allen West, and the current governor Greg Abbott have all jumped in to offer voters policies like making Bitcoin a legal tender, using Bitcoin mining to bolster the power grid, leading the world in leveraging Bitcoin […]

2022-2-1 02:59


Фото:

Texas regulator goes after cryptocurrency firm promising 900% returns in 2 weeks

Regulators in Texas have filed a cease and desist order against a New York-based cryptocurrency business promising a 900-percent return on investment in just two weeks. Forex and Bitcoin Trader, which was advertising on Craiglist Dallas, reportedly deals in cryptocurrency investments, commodity-based derivatives, and foreign currency trading.

2019-8-9 12:51


Фото:

Texas: Security Commission Files Against Crypto Scam, Offers Guidance for Cryptocurrency Investors

According to a Texas State Security Board announcement dated  August 7, a cease and desist order has been filed against a New York-based company who was promising improbable returns to investors through its unlicensed platform which dealt with forex and securities trading, as well as cryptocurrency investing.

2019-8-9 11:24


US Federal Attorney: Bitcoin Used to Indict Suspected Fentanyl, Proves It is No Good for Evading Authorities

Another suspected dark web drug dealer is about to stand trail because he wrongly believed Bitcoin transactions were entirely anonymous. This has prompted the US Attorney for the Northern District of Texas, Erin Nealy Cox, to issue a warning for all those attempting to deal drugs online using Bitcoin.

2019-5-30 00:00


Bitcoin [BTC]: Fidelity has a ‘room full of ASIC miners’ at its Texas office, claims Justin Moon

Bitcoin [BTC] had become the center of discussion in the crypto-verse after its meteoric rise recently. BTC is considered to be the digital gold with huge growth potential. As the interminable discussions continued for a long time, individuals associated with this discourse exhibited legitimate reasons both ‘for’ and ‘against’ the validity and acknowledgment of digital […] The post Bitcoin [BTC]: Fidelity has a ‘room full of ASIC miners’ at its Texas office, claims Justin Moon appeared first on AMBCrypto.

2019-5-26 11:15


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru