AI Cryptocurrencies are the next big thing
Intelligent Blockchains for an Intelligent Financial system
AI, particularly OpenAI’s Chat GPT3 has taken the world by storm since the start of 2023, with many industries, from Marketing to Software Engineering starting to incorporate it in various workflows.
In Cryptocurrency and Blockchain, AI and machine learning has the potential to bring about a true paradigm shift, making blockchains more secure and more efficient. In this article we will be exploring this paradigm shift, and why machine learning should be at the core of every blockchain.
What makes blockchain an incredibly useful technology is the fact that, every wallet and every transaction is recorded on a public ledger. Every move, no matter how small, is being logged and recorded onto the blockchain. That’s how Applications such as Metamask are able to accurately determine the Gas fee for a transaction. This also creates a sea of information and therefore resource, which currently remains untapped. There are only a handful of companies that provide chain analytics, but even even that use-case itself remains quite limited. There is only so much you can accomplish by analyzing on chain-data, but not be able to take a course of action based on this analysis.
