The Advancement of AI Models and Bitcoin on the Lightning Network
AI models such as ChatGPT are on the verge of a revolutionary advancement, as they will soon be able to purchase, sell, and utilise Bitcoin on the Lightning Network.
Soon, AI models such as ChatGPT may be able to buy, sell, and use Bitcoin on the Lightning Network, bringing AI developers quicker, cheaper, and more convenient payments. Lightning Labs, a Bitcoin Lightning Network development company, has released a new framework that allows artificial intelligence applications, such as OpenAI's ChatGPT, to interact with the Bitcoin network and conduct cryptocurrency transactions.
Lightning Labs' Framework for AI Applications and Bitcoin Integration
Using the Lightning Labs toolset, developers can construct AI infrastructure that is accessible to humans and AI agents alike. These tools are based on the "L402 protocol," which functions as the primary authentication mechanism for Lightning, and they employ "Langchain," a library that facilitates operations with AI applications.
Addressing Challenges Faced by AI Application Developers
AI application developers face a challenge due to the absence of web-based payment mechanisms currently incorporated into extant large language models (LLMs). They are forced to rely on antiquated payment methods such as credit cards, resulting in increased costs for customers. To address this issue, Lightning Labs intends to provide AI models with seamless access to the Lightning Network, thereby eradicating the need for traditional payment channels and enabling pay-per-use AI models.
Interoperability of Artificial Intelligence and Bitcoin for Payments
During a discussion on the "Stack Sats" podcast, Kody Low, a developer at the community payments platform Fedi, emphasised the extraordinary interoperability between artificial intelligence and Bitcoin for payments. Bitcoin is unrivalled in its ability to address the monetization issues encountered by artificial intelligence companies.
Current Capacity and Channels of the Lightning Network
Currently, the Lightning Network has a capacity of 5,432 BTC (approximately $163,500,000), as reported by the LN analytics platform 1ML. Bitcoin Visuals reports that the number of LN channels has decreased slightly over the past year, from approximately 80,000 in July 2022 to approximately 70,000 at present.
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