Ethereum-based SingularityNET AI platform developers are discussing with IOHK the possibility of moving to the Cardano blockchain.
SingularityNET allows you to create, host and monetize services using artificial intelligence, while being scalable. In recent months, the load on the Ethereum blockchain has increased dramatically, resulting in higher fees. Therefore, the platform developers are seriously considering moving to the Cardano network. Moreover, according to the creators of SingularityNET, they do not have much confidence in Ethereum 2.0’s prospects for solving problems.
“Current problems with speed and fees on the Ethereum network have made it urgent to find alternatives to support SingularityNET. Moving to modern blockchains like Cardano is a clear path to achieving speed and scalability. The launch of a gateway for exchanging cryptocurrencies for fiat money will allow end users not to work with cryptocurrencies, ”said Ben Goertzel, CEO and founder of the SingularityNET Foundation.
If the transition to Cardano is approved, then SingularityNET will have to exchange AGI ERC20 tokens for Cardano network tokens. In addition, developers will have to abandon the popular programming language of decentralized applications Solidity – smart contracts in the Plutus language are supported on the Cardano network. However, the Solidity language has its drawbacks.
The SingularityNET Foundation CEO believes that the ideal option for a project is to use multiple blockchains, so leaving Ethereum might not be complete.
“If it turns out that everything works much better on the Cardano network, then everyone should use this particular blockchain. If Ethereum is more suitable for some part of the tasks, then so be it, right? ”- said the founder of Cardano Charles Hoskinson.
Last year, Cisco and SingularityNET joined forces to develop blockchain-based “strong artificial intelligence” (AGI).
