What is AI (Artificial Intelligence)?

Artificial Intelligence (AI) is quickly revolutionizing the way we communicate and conduct business. A prominent example of this transformation is ChatGPT, a creation by OpenAI, engineered to produce text resembling human communication and managing functions such as data analysis and responding to questions. Additionally, the influence of AI is spreading to areas such as the cryptocurrency domain.

What is AI in Crypto?

AI coins are cryptographic tokens that utilize artificial intelligence to enhance aspects such as user experiences, scalability, and the overall security of blockchain systems. These coins are instrumental in backing AI-fueled initiatives, ranging from decentralized trading platforms and forecasting market trends to managing investment portfolios. Furthermore, tokens powered by AI confer governance privileges, streamlining transactions within their respective ecosystems. AI’s capabilities extend to identifying illegal activities, scrutinizing market patterns, pinpointing investment prospects, and fulfilling an array of other functions. The possibilities for AI’s integration into the cryptocurrency landscape are vast and promising.

What crypto uses AI?

We have examined the most substantial AI crypto projects based on the current market capitalization to understand how artificial intelligence is being implemented within the industry. Here are some of them:

• The Graph (GRT), Market cap: Around INR 100 billion
• SingularityNET (AGIX), Market cap: Around INR 45 billion
• Fetch.ai (FET), Market cap: Around INR 28 billion
• Ocean Protocol (Ocean), Market cap: Around INR 19 billion
• iExec RLC (RLC), Market cap: Around INR 11 billion
• Numeraire (NMR), Market cap: Around INR 9 billion
• dKargo (DKA), Market cap: Around INR 8 billion
• Phala Network (PHA), Market cap: Around INR 7 billion

Is AI crypto the future?

Artificial Intelligence (AI) can enhance the efficiency and functioning of blockchain technology. By analyzing network data and patterns of transactions, AI algorithms are capable of identifying weak points, refining consensus mechanisms, and boosting the scalability of the network.

Is AI crypto safe?

The safety of AI cryptocurrencies – be it from cyber attackers or the unpredictable nature of the crypto market – hinges on how they are stored and an individual’s approach to risk. Regarding market stability, no cryptocurrency is immune to fluctuations, and 2022 proved to be a year that exposed the inherent volatility of the crypto market.