ChatGPT Plugin goes live for Hedera network

A convergence of blockchain and artificial intelligence (AI) has occurred between ChatGPT and HBAR, the native cryptocurrency of Hedera Hashgraph. By capitalizing on the decentralized characteristics of blockchain networks, ChatGPT can establish secure interactions with the Hedera network, accessing its services like the Hedera Consensus Service (HCS), Hedera Token Service (HTS) and Smart Contract Service.

On Twitter, developer Ed Marquez provided instructions on creating the plugin, focusing on token balances of Hedera accounts. According to him, users can view account balances through a Network Explorer or programmatically retrieve them via the mirror node REST API, which the plugin will utilize. It’s important to note that HBAR information is returned in tinybars (tℏ), where 100,000,000 tℏ represents 1 ℏ.

Accounts in Hedera are entities stored in the ledger that hold tokens, including HBAR, fungible tokens, and NFTs created on Hedera.

Through the utilization of a plugin, the integration of ChatGPT with the Hedera network allows for the retrieval of HBAR and token balances from Hedera accounts. This integration streamlines the interaction between ChatGPT and the blockchain, simplifying asset monitoring and management for users.

After the development of the plugin and the successful operation of the API, it becomes possible to install the plugin within the ChatGPT UI. By installing and enabling the plugin, users can interact with ChatGPT to inquire about HBAR and token balances associated with Hedera accounts. The plugin will then send requests to the Hedera mirror node API to retrieve the necessary information.

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By utilizing blockchain technology, the origin and integrity of AI-generated content can be verified, ensuring greater reliability and trustworthiness. Users can engage in microtransactions, access premium content, and participate in tokenized economies without worrying about high fees or delays.

It also opens the door to the development of decentralized applications (dApps). These dApps can leverage the strengths of both technologies, creating decentralized marketplaces, collaborative platforms and rewarding user contributions.

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