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With the rise of artificial intelligence, the proliferation of deep fake images, sophisticated phishing attacks, and misinformation has increasingly compromised the authenticity of online content. In this landscape, Bitcoin may offer a solution for establishing data provenance in the digital age. Jeff Garzik, co-founder and CEO of Bloq, recently shared insights with Cointelegraph on how Bitcoin could address this challenge.
Garzik highlighted that the internet is currently inundated with AI-driven data and content, which often obscures trusted sources of information. This issue of verifying data authenticity will become more pressing as AI technologies advance. To tackle this, Garzik proposed leveraging the {Bitcoin} (BTC) network as a "data anchoring" layer. This process involves recording data on the Bitcoin blockchain to authenticate its origin and ensure its integrity over time.
Garzik emphasized that Bitcoin has a distinct advantage over other blockchain networks for data provenance. Unlike many networks that "prune" ledger data after some time, Bitcoin's blockchain maintains a permanent record, which is essential for verifying data authenticity.
However, directly anchoring data to Bitcoin's base layer could lead to increased transaction fees and network congestion. To address this, Garzik and the Bloq team are developing Hemi, a layer-2 solution designed to alleviate these issues. Hemi will handle the majority of network traffic while utilizing Bitcoin's base layer for security and final settlement. This approach aims to reduce transaction fees and prevent network bloat, while still benefiting from Bitcoin's high-security features.
In summary, as digital content becomes increasingly complex and difficult to verify, Bitcoin's blockchain could play a crucial role in providing a reliable data provenance layer. The integration of layer-2 solutions like Hemi could further enhance Bitcoin’s capabilities, ensuring that the blockchain remains a secure and efficient platform for authenticating and preserving digital information.
