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Blockchain’s Future at Risk?

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1 year ago

Is the future of blockchain in jeopardy?

AI's growing capabilities might just shake up the smart contract world as we know it.

Let's dive into why @bbenligiray is pivoting away from his own concept, 'Commercial Building Blocks'. 🧵

A quick recap: 'Commercial Building Blocks' were born from his work on Airnode, ChainAPI, and Omnimarket. They were meant to be the bridge between low-level oracle services and dApps. But the future isn't looking so rosy.

The problem? Modularity. It's a design principle that has dominated software development for ages. Think LEGO bricks - flexible, standardized, and easy to fit together. But this might be its downfall.

Enter deep learning. It challenges the modular approach by stacking non-linear functions, creating complex models that can learn from data. A single deep model can outperform an expert’s modular solution, challenging the status quo.

The shift from modularity to end-to-end solutions will take a decade, but it's coming. APIs will become less standardized, making it harder to build deterministic oracle integrations and smart contracts.

EVM and its competitors, designed for deterministic computation, will fall behind in this new stochastic era. We might see smart contracts stripped down to their core functions: minting, trading, and lending tokens.

For @API3DAO, the path is clear. We must excel at serving these core use cases, rather than trying to solve the fundamental limitations of smart contracts, which might be intractable.

So, what's the future of blockchain?

The allure of self-enforcing contracts is tempting, but we need to balance ideological purity with practicality.

The 'perfect' oracle doesn't exist. It's time to embrace pragmatism.

The future of blockchain and smart contracts is uncertain.

AI's rise challenges the core principles of modularity.

It's a revolution that will redefine how we approach the blockchain world.

Let's embrace the change. 🔄

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