• Sat. Apr 13th, 2024

Cryptocurrency is Being Revolutionized: Setting the Bar for Openness and AI-powered NFTs

Megan Ford

ByMegan Ford

Mar 27, 2023
  • Bitget Raises the Bar for Disclosure
  • NFT Platform Using Artificial Intelligence from Binance

Bitget Raises the Bar for Disclosure

With the partnership between Space and Time with Bitget, the biggest cryptocurrency algorithmic trading system on the planet, greater transparency in centralized cryptocurrency exchanges is now possible. Bitget is the initial centralized exchange (CEX) to offer its users unprecedented transparency about its exchange performance by employing a decentralized Data Mesh.

Users of Bitget will have access to verified proof that the exchange is, as promised, holding assets on behalf of its customers’ thanks to this agreement. Customers will also gain, through total clarity of the exchange’s assets, operations, debts, and liquidity, with the confidence that the calculations and previous values that enable the platform are reliable and unaltered.

Even if the majority of centralized cryptocurrency exchanges show that the assets of its users live, financial transactions are typically recorded in difficulty to apprehend, black-box (opaque) platforms. But, Bitget is utilizing the technology from Space and Time to offer evidence of accounting and guarantee to its users that exchange transactions are legitimate and traceable.

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Bitget’s managing director, Gracy Chen, claims that users now demand more exchange openness. Bitget is the first to use Space and Time to demonstrate the openness of financial reporting and business activities. The first decentralized data warehouse, Time and Space, combines locked off-chain and on-chain information to produce a transparent and responsible financial system.

The business has created a revolutionary cryptography dubbed Proof of SQL which uses encryption to verify the validity of the information and the accuracy of query computations. One of the inventors and CEO of Web3 data center Space and Time, Nate Holiday, claimed that their partnership represents a beginning of openness for centralized enterprises.

NFT Platform Using Artificial Intelligence from Binance

First-in, first-out access to Bicasso will now be granted 12 hours from March 29th to March 30th to extra 100,000 users, including current and new customers. By uploading an image, like an avatar, and offering innovative alerts, users of Bicasso can generate and own a personalized image produced by artificial intelligence.

The interaction of images and alerts inspires Bicasso to provide the best outcome, which may be further honed with extra guidance if required. Users can make their artworks as non-fungible tokens based on the BNB chain once they are completely happy with the images.

The moniker Bicasso, which combines the terms Binance and Picasso, represents the provider’s fusion of cutting-edge art and technological advances. On March 1st this year, Binance conducted a small-scale evaluation of NFT’s system with a select group of users.

After two and a half hours of such service’s debut, interest soared, and the target of 10,000 NFTs was produced. Binance is showcasing the Exclusive Bicasso NFT Collection in honor of its worldwide debut, which includes 500 original works of art created by artificial intelligence-generated dogs and cats.

Users will receive these special NFTs as part of a referral scheme. Owners of the limited-edition Bicasso non-fungible tokens will also be eligible for a variety of perks, such as participation in the Binance Beta Testers program, that will provide them with entry to impending functionalities and innovative models before their actual public announcement and full access with one unrestricted minting chance at the public release.

According to Mayur Kamat, Binance’s Director of Products, the cryptocurrency exchange prioritizes customer feedback. It is eager to introduce Bicasso to the world after receiving encouraging consumer feedback during the initial restricted test. Kamat further points out that Bicasso offers a singular potential to mix Web3 and artificial intelligence (AI) capabilities, thus providing users with a potent interaction.

Megan Ford

Megan Ford

Megan Ford is an accomplished news writer with a talent for capturing the essence of a story. With a keen eye for detail and a dedication to accuracy, her articles provide readers with a captivating and well-rounded perspective on current events.

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