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❕NEWS Merging blockchain with artificial intelligence

AudraMiller

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There are many technological developments that have happened in recent years that are without a doubt leading us into the future. In fact one of these is definitely cryptocurrency and teh blockchain on which it is based and the other in AI technology. For many they are starting to think and question if a chance to merge the two will be possible to get the best results, however recent research has shown that this is unlikely as they work of different systems and concepts. Do you think that such will be possible in the future and how do you think this will affect the cryptocurrency world?
 
yes it's possible such things can be made and applied successfully .
it will relate proof of work actually which is readily available , so though it's available there isn't need for the development actually , but , new development is always leading to progress
 
yes it's possible such things can be made and applied successfully .
it will relate proof of work actually which is readily available , so though it's available there isn't need for the development actually , but , new development is always leading to progress
How will artificial intelligence relate to proof of work if i may ask? Can you elaborate more on this system and how AI will be able to be integrated into it? Also what is the proof of work system. If i am not mistaken i have come across i on a few cryptocurrencies.
 
As the blockchain is already working on a set rules of algorithm while AIs work with varying decisions and algorithm depending on the situation, the 2 things are quite opposite at each other. Can say it is not quite possible, yet.
 
I think that is imposible because every coin is unique and had their own blockchain. But maybe some unpopular coins will be vanished and have no value before being burn for good.. Merger coin.. Hmmm. Well we never know what will come up next but i still sceptic about it.
 
As the blockchain is already working on a set rules of algorithm while AIs work with varying decisions and algorithm depending on the situation, the 2 things are quite opposite at each other. Can say it is not quite possible, yet.
This is the exact same concern that was raised by the current investigators to integrate the two. Right now with AI having its own decision-making algorithm i think that the best thing that it can be used for is perhaps trading and decision in this field.
 
As the blockchain is already working on a set rules of algorithm while AIs work with varying decisions and algorithm depending on the situation, the 2 things are quite opposite at each other. Can say it is not quite possible,
Yes, the algorithm that used for the mining of bitcoin is already an automated procees. If even if the AI takes over the bitcoin industry, that will only help in managing the mining process otherwise the blockchain is already automated
 
This is the exact same concern that was raised by the current investigators to integrate the two. Right now with AI having its own decision-making algorithm i think that the best thing that it can be used for is perhaps trading and decision in this field.
Yeah, there are already tons of bots out there that do trading, most of the trading bots that people makes also moves on specific algo or market movement
 
There are many technological developments that have happened in recent years that are without a doubt leading us into the future. In fact one of these is definitely cryptocurrency and teh blockchain on which it is based and the other in AI technology. For many they are starting to think and question if a chance to merge the two will be possible to get the best results, however recent research has shown that this is unlikely as they work of different systems and concepts. Do you think that such will be possible in the future and how do you think this will affect the cryptocurrency world?
AI could be a supporting element in different variations of blockchain,

eg. lets take investing and trading; in the old world, AI is used to predict prices between currencies, evaluates a risk of an investment and gives guidance where to invest. - the same could be done in crypto. training on historic data there could be a recommender system that tells users which currency should be traded or even trades this by its own.

or other way, smart contract, in the old world, lots of AI solutions are analyzing contracts between companies to detect risk. this can of course also be used for smart contracts.

If you look on other non-crypto currency use cases based on blockchain, like supply chains also there is see tons of options to use AI to create new new value for businesses.

If you look at in in a abstract way blockchain is nothing more than a specific way to store data and AI makes use of it
 
AI could be a supporting element in different variations of blockchain,

eg. lets take investing and trading; in the old world, AI is used to predict prices between currencies, evaluates a risk of an investment and gives guidance where to invest. - the same could be done in crypto. training on historic data there could be a recommender system that tells users which currency should be traded or even trades this by its own.

or other way, smart contract, in the old world, lots of AI solutions are analyzing contracts between companies to detect risk. this can of course also be used for smart contracts.

If you look on other non-crypto currency use cases based on blockchain, like supply chains also there is see tons of options to use AI to create new new value for businesses.

If you look at in in a abstract way blockchain is nothing more than a specific way to store data and AI makes use of it
The offline currencies are largely regulated by the govt. So the it can never be decentralized like Bitcoin. So it is a bad idea to compare the fiats with thr cryptos. The crypto coins uses the AI more in its block chain transactions.
 
AI could be a supporting element in different variations of blockchain,

eg. lets take investing and trading; in the old world, AI is used to predict prices between currencies, evaluates a risk of an investment and gives guidance where to invest. - the same could be done in crypto. training on historic data there could be a recommender system that tells users which currency should be traded or even trades this by its own.

or other way, smart contract, in the old world, lots of AI solutions are analyzing contracts between companies to detect risk. this can of course also be used for smart contracts.

If you look on other non-crypto currency use cases based on blockchain, like supply chains also there is see tons of options to use AI to create new new value for businesses.

If you look at in in a abstract way blockchain is nothing more than a specific way to store data and AI makes use of it
This is an excellent explanation that you have provided here. I do agree that AI integration into crypto trading will be a great thing because this will be able to account for multiple factors at the same time which humans may be limited to and as a result this will be terrific in increasing the accuracy of the predictions that are being made.
 
Still can't compare AI to smart contracts though, the one defining nature that sets AI from smart contracts and usual blockchain algo is that AIs learn, they add more to their set of rules as they go on and learn
 
The offline currencies are largely regulated by the govt. So the it can never be decentralized like Bitcoin. So it is a bad idea to compare the fiats with thr cryptos. The crypto coins uses the AI more in its block chain transactions.
Well neither the centralization nor the nor regulations should be limitations for AI usage in the offline world. Look how banks, trading platform or financial institutions in general adopt to AI. This can be used to detect fraud, anomalies of risks in business. This use cases you can imagine In the crypto currency world too.
You can find of course cases in online too that are not existing in the offline world. But you also can adopt use cases of offline to online

Still can't compare AI to smart contracts though, the one defining nature that sets AI from smart contracts and usual blockchain algo is that AIs learn, they add more to their set of rules as they go on and learn
I did not compare smart contracts to AI, I said you can create use cases to apply AI on smart contracts. I hope this clarification helps, sorry that my answer was confusing. If needed I can go more into detail to talk you through this, how to use AI based on smart contracts and how already smart contracts often use AI ;)
 
Bots are more of artificial intelligence products and this bots are already used in trading platform and they have all live up to expectations so I believe it possible AI is integrated in blockchain technology.
 
They of different mode ,but i think blockchain could make the output of the artificial intelligence more faster,it have its advantage ,when you make use of the two
 
Aik humans bot has been a trending idea , since 2004 when it was first laumched Asian companies make the cheapest robots and complex comes pricer with functions
 
Ai is going to drive blockchain technology much faster so they are interdependent to an extent for better results to be achieved . Lot of countries are adopting blockchain for their CBDC.
 

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