ChatGPT and Hedera (HBAR $0.05) have merged blockchain and AI, allowing ChatGPT to connect with the Hedera network and utilize its features.
These features such as the Hedera Consensus Service, Hedera Token Service, and Smart Contract Service. This integration enables easy retrieval of token balances from Hedera accounts.
Therefore, to access account balances, users can use a network explorer or a plugin developed by Ed Marquez, a developer who shared instructions on Twitter.
The plugin uses the mirror node Rest API to programmatically retrieve the HBAR balances, denoted in tinybars (t), where 1 t equals 100,000,000 t. However, the Hedera ledger stores tokens like HBAR, fungible tokens, and nonfungible tokens, along with the associated accounts.
The integration of ChatGPT with Hedera simplifies the management and monitoring of token and HBAR balances. Users can install the plugin in the ChatGPT user interface and interact with ChatGPT to obtain information about their balances.
The plugin requests the Hedera mirror node Rest API to retrieve the necessary data. Leveraging blockchain technology ensures the verifiability and integrity of AI-generated content.
This integration facilitates microtransactions, access to premium content, and participation in tokenized economies without high costs or long waiting times.
Moreover, the combination of blockchain and AI enables the development of decentralized applications. These applications can create decentralized marketplaces and collaborative platforms, and reward user contributions, taking advantage of the benefits offered by both technologies.
