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Ambient Raises $74 Million to Build Blockchain ‘Replacement for Bitcoin’

  • Blockchain firm Ambient raises $74 million in funding to develop a blockchain as a replacement for Bitcoin.
  • Ambient aims to address the potential obsolescence of Bitcoin's encryption mechanisms.
  • The company plans to build a decentralized network with AI capabilities, positioning it as a competitor to OpenAI.
  • Ambient offers a proof-of-work mechanism that will be familiar to bitcoin miners, facilitating an easy transition.

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