Lightning Labs, a itcoin">Bitcoin Lightning Network development firm, has introduced a new set of tools that allows artificial intelligence (AI) applications like OpenAI’s ChatGPT to interact with the itcoin">Bitcoin network using its layer-2 solution.
This toolkit enables AI developers to seamlessly send, receive, and hold itcoin">Bitcoin, aiming to make payments faster, cheaper, and more convenient. By utilizing Lightning, AI developers can avoid traditional payment systems that can be cumbersome and costly, and they can also explore new possibilities like pay-per-use AI models.
Lightning Labs expressed their enthusiasm for the innovative potential that these advancements in Large Language Models (LLMs) bring to the AI landscape. They also clarified that the tools they have developed leverage the “L402 protocol,” which serves as a Lightning-native authentication mechanism. Additionally, the tools make use of “Langchain,” a library that simplifies the operations involving AI applications.
Lightning Labs also acknowledged the challenge posed by current Large Language Models (LLMs) that lack native support for web-based payment methods. As a result, AI developers are compelled to depend on outdated payment systems like credit cards, which burden their users with additional fees. The team emphasized the growing number of intelligent LLMs or AI Agents that encounter difficulty in accessing conventional payment systems and typically do not hold official registration as an “entity” in any specific nation.
In an episode of the “Stack Sats” podcast on July 6, developer Kody Low from the community payments platform Fedi discussed the potential of combining AI and itcoin">Bitcoin for payments. Low highlighted that itcoin">Bitcoin is currently unmatched when it comes to providing a superior solution for AI, while pointing out that AI companies are still grappling with how to effectively monetize their offerings.
Data from the LN analytics platform 1ML reveals that the current Lightning Network (LN) capacity stands at 5,432 BTC, equivalent to approximately $163.5 million. itcoin">Bitcoin Visuals has noted a decrease in the number of LN channels over the past year, with the figure dropping from around 80,000 in July 2022 to around 70,000.
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