Ethereum News Weekly Founder: Pearl Is Poised to Surpass Bitcoin

Odaily reports: Evan Van Ness, founder of Ethereum News Weekly, said in a recent interview that he believes Pearl, an L1 project based on useful proof of work, is poised to surpass Bitcoin. Van Ness stated that Pearl mines through matrix multiplication, and the related computations are the same as those used for AI model training and inference, and can be performed in parallel with inference at almost zero additional overhead. He also noted that Bitcoin suffers from premature ossification and security budget issues, while Pearl converts originally "useless" mining into useful computation, creating a flywheel effect that lowers inference costs.