“The world doesn’t change because everyone is ready. It changes because enough people finally are.”
-ChatGPT
Understanding new technology is just as important as the technology itself. This page is built to help you learn new media and new tech in a simplified form.
AI is an emerging general-purpose industry built around systems that can learn, reason, generate, automate, and assist with work that previously required human judgment, creativity, or analysis.
Put more simply:
AI is the new “thinking infrastructure” of the economy.
It includes a lot of different pieces:
The builders: companies making models, chips, cloud infrastructure, robots, software tools, and AI agents.
The users: businesses applying AI to marketing, healthcare, finance, law, education, media, logistics, customer service, construction, real estate, and basically everything else.
The new jobs: prompt engineers, AI product managers, automation consultants, model trainers, AI safety specialists, data engineers, AI filmmakers, AI designers, robotics technicians, and workflow builders.
The disruption: AI is changing how work gets organized. Small teams can now do what used to require whole departments.
Blockchain technology is essentially a digital public ledger. Bitcoin is both a cryptocurrency and blockchain. The
BTC blockchain was created specifically for trading finance without being able to copy it. ETH blockchain technology was created in response to the BTC blockchain.
The head creator of Ethereum blockchain, Vitalik Buterin argues that "BTC & Blockchain Tech would benefit from other applications besides money and needed a more robust language for App development, lead to attaching real world assists like stock, property, to the blockchain." Basically BTC is the leader for blockchain tech but requires too much GPU power to add programs on; ETH is supposed to make blockchain tech more accessible.
Non-fungible Tokens (NFT)
Let's start with what a fungible token is. A fungible token would be like a BTC coin. At this time of writing; BTC is approx. $43,587 per coin. Which means it has a physical value of $43,587. That gives it a specific price for your BTC coin.
NFT's do not have a specific price for the object. The majority are minted on the ETH blockchain to show ownership of the NFT.
NFTs can digitally represent any asset, including online-only assets like digital artwork, photos, videos and real even tangible assets such as real estate, domain names, and more. They are digitally stored on Blockchains. The Ethereum and Polygon blockchain store the most NFTs due to affordability.
Crypto
Developer: Satoshi Nakamoto
Satoshi Nakamoto's creation of Bitcoin in 2009 was a direct response to the 2008 financial crisis, offering a decentralized alternative to traditional financial systems.
Developer: Vitalik Buterin and company
Ethereum was developed as a versatile platform supporting not only a digital currency but also smart contracts and dApps.
Not Financial Advice