Ambious raises $ 74 million to replace Bolockchain “Bitcoin”

Artificial Intelligence (AI) -BLOCKCHAIN ocean She raised $ 74 million in new financing.

This financing, coinesk I mentioned Tuesday (April 1), the company will help develop Blockchain “it was eventually designed as a bitcoin alternative”, as a co -founder Good traveles Put it.

The report indicates that although this claim may seem far -fetched, it is well argued that it is actually dependent, saying that the Bitcoin encryption mechanisms “become really old” and can be “completely outdated within five years”, which represents a problem for workers.

“You have people who have invested billions of dollars in Hash Power to secure a network in ASics,” he told Coindsk at the Ethdeenver for this year. “The question is like, where do they all go?”

GOOD says the surrounding answer and capabilities of Amnesty International – which can one day be a “decentralized competitor for Openai”.

The network works on the mechanism of proving work that GOOD said will have a familiar appeal to Bitcoin miners, making it an easy transition.

“It is a useful guide to the work network, which we do not believe that anyone has done a good coding,” said Coindesk.

In other news related to Blockchain, PYMNTS recently explored how multinationals, technology and banking platforms are increasingly turning into technology Border paymentsIncaling liquidity management and financing.

“But many can strike the wall when it comes to integration Stablecoin infrastructure This report said that this is safe, compatible, developmental and actually used by corporate financing teams.

The issue is technical as well as strategy. Companies require more than one coding wallet with a few layers of abstraction. Instead, they need multi -user access, audit paths, governance controls and smooth compliance tools.

“When you think about the needs of each Fintech or Payments, or the bank that wants to enter the space, they need a safe infrastructure, from creating assets, such as its symbol, to keep it, and of course move it,” Pintzi RabiCo -founder and CEO of UtilaHe said in the PYMNTS interview.

After all, in traditional financing, a Corporate Treasury System Connected to banks, tracks permissions, maintains the top of each transaction and supports complete audit.

However, when institutions want to interact with Blockchain-whether for Stablecoin payments, settling the chain or transferring money across the border-there is a flagrant deficiency in this type of tool.