Ethereum early backer says PRL could outgrow BTC as AI-linked crypto

Evan Van Ness, founder of the Ethereum newsletter WiE (Week in Ethereum News), said Pearl (PRL), a blockchain combining AI computation, could become bigger than Bitcoin. Van Ness, an early Ethereum backer who previously worked at the Ethereum Foundation, said he learned about Pearl around 18 months ago. He said BTC became locked in too early and faces a serious security budget problem, while Pearl mines through matrix multiplication, a computing method used by AI models. Van Ness added that useful work remains limited so far, but said a flywheel could emerge if non-useful tasks are turned into useful ones and PRL is offered as a reward. He emphasized that PRL still has a small market capitalization, but said everything could change if the network uses matrix multiplication, which AI actually uses, as its security mechanism while generating money.