AI Proving to Be an Integral Part of Cryptocurrency - ONPASSIVE
AI is real and here to stay
All said earlier, AI technology is still real, and
several developments in the domain are happening on the ground. The
technology will evolve further and spread its wings in various applications
using machine learning algorithms and the massive data explosion that’s happened
in the last few years. The algorithms will empower the AI architecture to equip
itself with special functions and abilities that can predict the upcoming
events and perform accordingly.
Few ways that artificial intelligence AI has been making cryptocurrencies safer.
- Can Prevent Unauthorized Mining
- Can Prevent Many Types of Hacking
- Protect Digital Wallets
Can AI and cryptocurrencies work together?
Cryptocurrencies, on the other hand, are financial
assets that also utilize Blockchain and AI. AI functionalities are used to
power cryptocurrencies. Artificial Intelligence is used in cryptocurrencies for
using to trade by predicting trillions of transactions and arriving at an
optimized pattern that is supposed to get the best returns. For illustration,
if an individual places an order for a bulk of bitcoin via a trading platform
that is powered by AI, the trading platform can place an automated order and
trade it against other currencies when there is a price surge and exchange
other currency for more bitcoins. Therefore, AI and cryptocurrencies can work
together for the benefit of customers.
Although the technologies may sound confusing, they
are two distinct technologies that are coming together to offer the best
trading performance for individuals and trading companies.
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