Lightning Labs announces Toolkit to hold, process and transect in Bitcoin

Lightning labs have claimed that it’s tools can channelise the use of AI in order to hold cryptocurrencies and also perform transactions in the digital assets.

Lightning labs famously known for developing lightning network for instant payment in Bitcoin has now created Artificial Intelligence based tools to facilitate crypto-based activities.

Lightning labs have claimed that it’s tools can channelise the use of AI in order to hold cryptocurrencies and also perform transactions in the digital assets. This would be a milestone step to integrate AI in the cryptocurrency network.

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The toolkit is named ‘AI4ALL’ and uses OpenAI’s ChatGPT interactive text feature with the bitcoin network. This would help in sending, receiving as well as storage of cryptocurrency making transactions more swift and cost effective.

In an official note from Lightning labs, the company said, “We’re excited to announce the release of a new set of developer tools to enable the Lightning and AI developer communities to build global, inclusive, and cost-effective Large Language Model (LLM) tooling which incorporates Lightning and Bitcoin. The tools that leverage OpenAI GPT function calls to enable developers to create agents that can hold a bitcoin balance (on-chain and lightning), send and receive bitcoin on lightning.”

LLM’s take support of large and detailed data sets that helps to generate human like responses to user prompts and carry out the tasks.

In creating this toolkit, lightning labs brought in their own mechanisms to authenticate and simplify work with AI, the company announced on its Twitter handle on July 6.