I have been wondering this since I looked at Nillion project that got everyone to talk about. We all know blockchains are public by design, but not everything should be.
Reading on this, this is where the project introduces the ability for decentralized AI and blockchains to be able to store and process data without seeing it. They have also introduced the concept of blind computation, which allows encrypted data to be used in its raw form. So, essentially, data can be analyzed, processed and interacted with securely while keeping sensitive information completely private.
Now, getting to the main point: their token, NIL. It’s been announced for governance and transaction fees, which is pretty standard for most projects. It's currently listed in Bitget pre-market, and also announced on Binance listing. DO you guys think the price will stay the same once they are listed? cos I don't want to see huge dumps on Binance as it's been a record of how they list and it dies with -90% drops.
Anyways, I hope AI can really help project developers, not just for profits, but overall project development that will make investors/holders happy.
I know there is no need for artificial intelligence to ensure the privacy of technology. We have learned that the block’s own structure and design includes privacy and security. A very secure technology. In the blockchain system, data is encryptedly stored, resulting in transactions only visible for authorized parties. This encryption technology maintains privacy, and artificial intelligence is not necessary directly for it.
But we all know what I think artificial intelligence and two very advanced types of blocks are very advanced technologies. This can actually be an important step in crypt when the NIL project successfully combined these two technologies.