SingularityNET, the AI company best known for its Sophia robot, is considering ditching Ethereum and migrating to Cardano. 

The company has announced a partnership with IOHK – a company run by Cardano founder, Charles Hoskinson – and expressed serious concerns about the speed and costs of Ethereum, and the feasibility of the still in-development Ethereum 2. 

With the explosion in DeFi projects using Ethereum, gas fees have hit as high as $17 per transaction, and worsening congestion is causing major speed issues. 

According to Dr. Ben Goertzel, CEO and Founder of the SingularityNET Foundation, the partnership with IOHK, and possible transition of SingularityNET onto modern blockchains like Cardano, will enable SingularityNET-based services to scale.

Transitioning to Cardano would mean SingularityNET replacing its native ERC-20 AGI token, and abandoning the Solidity smart contract programming language, in favour of Cardano and its Plutus language. 

SingularityNET’s long-term plans involve the development of Artificial General Intelligence (AGI) – a machine intelligence that matches human intelligence. It will involve an ecosystem that enables different AIs to work together and even outsource to other, better suited, AIs. All rather Skynet.

As if that wasn’t scifi enough, Sophia – the face of SingularityNET – has applied for Maltese citizenship. 

AYO.NEWS says:

It’s obvious now that the DeFi revolution has overwhelmed Ethereum, and the much vaunted Ethereum 2 isn’t going to come to the rescue any time soon. But, though some will mourn the fall of Ethereum, there are now much better protocols out there – like Kadena’s 20-chain sharded and scalable layer-1 public blockchain that can handle 480,000 transactions per second, while keeping costs and environmental impact low, and security high. 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

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