US Government Restricts Nvidia’s Product Shipments to China, These 5 Altcoins Could Benefit
Nvidia shares fell nearly 5% today after the United States said it would stop importing advanced artificial intelligence chips made by Nvidia and other companies into China.
Such restrictions highlight the vulnerabilities of a centralized cloud system, a scenario previously warned by Arthur Hayes. “Amazon can unilaterally shut down access to data at the behest of a government. This is not possible on a censorship-resistant decentralized network. Unfortunately, Nvidia has become the latest target of these vulnerabilities,” Hayes said. said.
This development has led industry experts to speculate that the era of decentralized cloud computing may be approaching faster than expected. According to cryptocurrency analysis company Layergg, several cloud computing-themed altcoins are expected to benefit from this change. These include:
- Akash Network (AKT)
- Render Network (RNDR)
- Filecoin (FIL)
- Arweave (AR)
Also today, as another development on the theme of cloud computing and decentralized file storage, BNB announced the launch of the Greenfield mainnet.
Altcoins not mentioned by Layergg but with similar concepts include:
- Internet Computer (ICP)
- MultiversX (EGLD)
- Mina (MINA)
- aelf (ELF)
- Ankr (ANKR)
*This is not investment advice.
