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Artificial Intelligence and Cryptocurrency Security

Artificial Intelligence and Cryptocurrency Security

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Artificial Intelligence and Cryptocurrency Security

In light of the prominent and clear development witnessed in the technological arena in the field of artificial intelligence since the beginning of the year, especially with the emergence of ChatGPT technology, along with other applications of artificial intelligence, and more recently, with the emergence of the strong competitor to ChatGPT, which is Google’s Bard Chat.

How do you expect artificial intelligence to affect the digital currency environment? Before we begin to answer this question, let us first learn about the concept of artificial intelligence.

What is artificial intelligence?

In its simplest concept, artificial intelligence can be defined as the ability of machines and programs to simulate human behavior, as it is characterized by their ability to analyze data and learn from it to achieve accurate results that may exceed human performance at a lower cost and time.

Artificial intelligence and digital currencies?

Cryptocurrencies are a decentralized system based on blockchain technology, and the digital currency market is witnessing great fluctuations and rapid development.

While smart artificial intelligence tools and applications have emerged, digital currencies based on artificial intelligence have been developed to improve the performance of digital currencies and blockchain applications. These currencies may be known as artificial intelligence tokens (AI tokens) or tokens based on artificial intelligence and traded as artificial intelligence currencies.

How does artificial intelligence affect cryptocurrencies

What are AI-based tokens?

AI-based tokens are digital assets that are traded in AI-based projects in the Blockchain and Web 3.0 environment. A review of the most important of these projects and the role of AI currencies in them shows a clearer picture.

The most famous tokens based on artificial intelligence

GRT token

The GRT token is used on The Graph, a decentralized platform dedicated to querying networks, such as the Ethereum network and the file system network, and its projects are usually based on complex smart contract systems such as Uniswap.

The Graph platform relies on a decentralized AI-based protocol to achieve the highest query performance on decentralized networks.

FET token

The FET token is the token used within the platform, which is a decentralized platform based on artificial intelligence and blockchain technologies. The platform may enable decentralized transactions and smart contracts.

The main goal of creating the platform is to create decentralized autonomous organizations (DAOs) without human intervention and the AI-based FET token is used to pay transaction fees on the platform.

OCEAN token

The OCEAN token represents the primary digital currency for the Ocean Protocol platform, which is a decentralized platform for exchanging big data. The platform relies on artificial intelligence (AI) and blockchain technologies to share big data safely and privately.

The OCEAN token contributes to facilitating transactions and facilitating buying and selling operations on the platform, and allows making profits through mining on the platform.


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