Opinion: Can AI Tools Improve Cryptocurrency Adoption?
blockchain AI
blockchain AI

There are many different paths to choose from, to improve cryptocurrency usability. Lately, I’ve been focused on project tokenomics as I have a feeling that better rewards distribution is the way forward. For instance, traditional exchanges do not provide enough rewards to users; a few exceptions are Binance, Coss, or ABCC. I especially like the last one as it really focuses on distributing the most revenue to users through their native currency, the AT token. They’re even implementing a governance-based token model which gives additional power to token holders. I am really looking forward to seeing what comes next as empowering users is, to me, the true purpose of decentralization.

Anyhow, I feel it’s time to take other hypotheses into consideration, such as the role AI can play in cryptocurrency’s worldwide adoption. I agree this is not an easy task as most of us are not technical people and our understanding of how technology works and interacts with users is, in fact, limited.

Nonetheless, my goal today is to analyse some AI tools which can assist cryptocurrency projects in deploying better products, with more intuitive interfaces. We will discuss four types of tools which can be combined with natural-language processing (both with known and unknown goals), with a relatively simple aim: to allow any agent to better interact with blockchains.

Lastly, we appreciate the importance of data visualization as a key ingredient for users to understand blockchain data better.

Like having an epiphany, it now seems obvious that the influence AI-enabled tools, such as oracles or sovereigns like bots and virtual assistants, can have in cryptocurrency usability. So many issues arise from bad user-interfaces and smart contract code bugs, I feel implementing autonomous preventive measures around smart-contracts auditing or creating interactive user-focused bots could definitely lead to a serious improvement in adoption. How can users benefit at the end? Let’s find out below!

–This article shouldn’t be taken as financial advisement as it represents my personal opinion and views. I have savings invested in cryptocurrency so take whatever I write with a grain of salt. Do not invest what you cannot afford to lose and always read as much as possible about a project before investing. Never forget: with great power, comes great responsibility. Being your own bank means you’re always responsible for your own money

What are Neural Networks?

Resultado de imagem para neural networks
Resultado de imagem para neural networks

If you want to understand how AI learns and improves its knowledge, you should first read about artificial neural networks. It’s the latest and most up-to-date research on machine learning.