Vitalik Buterin Introduces Info Finance as the Future of Ethereum, What’s the Potential?

2024-11-11

Vitalik Buterin Introduces Info Finance

BittimeVitalik Buterin, founder of Ethereum, introduced a new concept called info finance which combines blockchain technology and AI.

So, what is the concept of info finance and what is its potential? Read this article to find out more!

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What is Info Finance?

Vitalik Buterin explained that info finance is a framework that enables the collection and dissemination of accurate and transparent information. 

The goal is to create a marketplace that can effectively extract and share insights based on existing data, without influence from third parties or the media.

If you want to find information, users can use info finance to design specific markets to obtain this information from market participants. 

In other words, info finance is a tool for creating a market that can collect useful and valid information.

Read Also: Cardano Price Rises After Rumors of Collaboration between Cardano Founder and Trump  

Info Finance for Market Predictions

One of the important elements in info finance is market predictions. Buterin considers prediction markets as a tool for gathering insights about market predictions.

For example, Polymarket is a platform where users can bet on various events to generate data-based insights. That way, prediction markets can provide accurate information about public expectations without bias or sensationalism from the media.

Buterin said that the concept of info finance could be a three-sided market. There are parties who make predictions, readers who read predictions, and the market itself which produces predictions that become a source of public information. 

In this way, info finance is not just a place to bet, but also a tool for obtaining accurate and reliable information.

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Info Finance Using Blockchain and AI Technology 

Info finance relies heavily on blockchain technology and AI to support a transparent information sharing process. 

Blockchain allows information generated from market predictions to be verified without intermediaries, so that user confidence in the data obtained can increase. 

Additionally, AI plays an important role in reducing transaction costs and optimizing markets to produce high-quality information.

With blockchain and AI technology, info finance can still operate effectively even in markets with small transaction volumes.  

Info Finance Concept: ETH Price Hits $3,000

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Source: Bittime.com

Bsynonymous with the introduction of konsep info finance, the price of ETH reached more than $3,000 in the last week. 

ETH price rose about 21.67%, breaking the $2,800 resistance level and surpassing $3,000 for the first time since March.

Based on the Bittime market, the price of ETH was at IDR 49,407,871 or around $3,142 when this article was written.

Meanwhile, Ethereum is predicted to enter "scarcity mode" or scarcity mode. Scarcity of ETH supply and increasing demand will lead to further price increases

Read Also: Palapa Token Wants to List, Find Out About PLPA's Tokenomics and Roadmap Here! 

How to Buy Crypto di Bittime

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Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.

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